What the Last Interest Rate Hike in 2022 Means for You.

How Will The Recent Interest Hike Impact The Ottawa Real Estate Market? How to qualify for a mortgage with the recent hikes? What strategies are available to be able to afford a house today?

In this video, we have Eric and Marc from @ottawamortgageshop6211 explain the impact that rising interest rates have on the Ottawa Real Estate Market 2022. They also break down how much the interest hikes increase your monthly payments and affect how much you can borrow.

Chapters:
00:00 Intro
00:35 How much did the Interest Rate Increase?
01:15 What does this mean for home buyers?
01:50 What does this mean for Qualifying?
02:25 What does that look like for actual mortgage amounts?
03:30 What income is required?
04:50 Decrease in Fixed Rate
06:30 What are B Lenders?
07:35 What would the price difference be between A and B Lenders?
08:20 What advice would you give to new home buyers?
10:15 Fixed vs Variable Rates
11:45 What to do with your Current Mortgage?
12:50 How long until we see foreclosures or delinquency payments?
14:05 Should I renew my mortgage?

Watch this NEXT ⏩ OTTAWA REAL ESTATE NEWS NOVEMBER 2022⏪

✅ 𝐆𝐞𝐭 𝐚 𝐑𝐞𝐟𝐞𝐫𝐫𝐚𝐥 𝐭𝐨 𝐚 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐋𝐞𝐧𝐝𝐞𝐫 ✅
https://www.feelyrealestate.com/financing
=============================================
🏢 Visit our office: 👇
https://bit.ly/Feely_Group-Your_Home_Sold_Guaranteed_Office

𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐨𝐧 𝐒𝐨𝐜𝐢𝐚𝐥 𝐌𝐞𝐝𝐢𝐚:
➡️Instagram: https://www.instagram.com/feelygroup
➡️Facebook: https://www.facebook.com/feelygroup
➡️Twitter: https://twitter.com/feely_group
➡️LinkedIn: https://www.linkedin.com/company/feely-group/
➡️Pinterest: https://www.pinterest.ph/KevinFeelyGroup

🛑 If you're interested in learning more about Ottawa Real Estate and the Ottawa Area in general, please subscribe! We put out new videos every week.🛑

Find out More at
www.feelyrealestate.com/marketupdate
_________________________________________________________________
Learn more about the Feely Group:
https://www.feelyrealestate.com/
#bankofcanada #interestrates #exprealty #exp

Видео What the Last Interest Rate Hike in 2022 Means for You. канала Kevin Feely