How COVID 19 Has Given Borrowers a Temporary Advantage When Financing a Property
As COVID-19 escalates dramatically in the second week of March 2020, several changes in the mortgage world directly start to affect home buyers in both advantageous and potentially detrimental ways.
In the webinar above, Paul Davidescu speaks to the record low mortgage rates and how they are starting to trend upwards as lenders put in extra precautions and some even close their doors. We also cover the new-new stress test which replaces the one announced last month, and finally, we cover what else you can do as a current homeowner or renter to thrive in times of uncertainty.
See the Slideshow here: https://www.slideshare.net/pauldavidescu/how-covid19-has-given-borrowers-a-temporary-advantage-when-financing-a-property
Topics Addressed:
2:03: Who we are and how we spotted these trends and insights
4:25: What the current rate climate is for Canadian non-bank lenders
5:03: What the difference is between fixed rate and variable rate?
8:40: What the stress test is and what a decrease to 5.04% means for you
13:02: How lenders are responding to the uncertainty surrounding COVID-19 and what that means for finding the right fit
17:46: Why homeowners should consider refinancing
21:01: What homebuyers should consider in buying a new home in today’s housing market
25:46: How Key Living helps you break into the real estate market when you’re having trouble qualifying for a mortgage
30:37: How Key Living’s co-equity model provides you flexibility with your housing portfolio
34:00 Q&A with Paul Davidescu