The Mortgage Industry in a Rising Rate Environment

Are you a professional services entrepreneur (realtor, financial advisor, accountant, etc) that needs to understand how the rising interest rate environment affects what you advise clients? In today's video, we will talk about how the interest rates going up will affect the home buying experience and how you can keep clients optimistic about still buying in this environment. The most important thing when advising clients is to allow someone like us to run the numbers for them to save the most money long term and plan for tradeoffs! Timestamps: 0:00 Intro 1:36 Is this a good tradeoff? Current situation of the housing market in Canada 3:57 Are your clients being led down the right path? You need to prepare! 7:20 Who is Paul Davidescu? 9:58 Mortgage market dynamics to advise clients 11:37 Fixed or Variable rates? 12:17 What are Fixed rates and what are their pros and cons in this market? 15:01 What are Variable rates and what are their pros and cons in this market? 20:13 How to determine your Maximum Home Value Ceiling 20:25 Down payment: Tips and Budgeting 22:03 Credit scores and Pre-approvals 23:55 Rule of thumb: Know your Mortgage affordability in 30 seconds 24:52 How can you stretch a mortgage 27:03 (Alternative) Mortgage lenders and how they help clients afford more 28:37 Banks vs Mortgage lender key messaging for clients 29:43 Help clients look at the whole picture. What is going to make them happy in the future? 32:26 Recap Get in touch to ensure your mortgage blindspots are eliminated: https://bit.ly/BookYouxPaul We will connect for a 5-15 min+ strategy call. There is no such thing as being too early to plan ahead ;) Paul Davidescu (www.levelupmortgages.com) Level Up Mortgages 604-809-3188 paul@levelupmortgages.com See Our Google Reviews in BC & Ontario: https://bit.ly/ViewLUMReviews ⭐️⭐️⭐️⭐️⭐️ 📚 Make sure you covered your blindspots with our First-Time Buyers Manual: https://bit.ly/FTHBGuides ❓ Get immediate answers on your mortgage questions with our FAQ Page: https://bit.ly/mortgagefaq 👉 Website: https://www.levelupmortgages.com/ 👉 Instagram: https://www.instagram.com/levelupyourmortgages/ 👉 Twitter: https://twitter.com/levelupmortgage 👉 TikTok: https://www.tiktok.com/@levelupmortgages 👉 LinkedIn: https://www.linkedin.com/in/pauldavidescu/ 👉 Blog: https://www.levelupmortgages.com/blog 🔔 Subscribe to Level Up Mortgages YouTube Account: http://bit.ly/LevelUpYouTubeSubscribe