Clinton Wilkins joins Rob Snow on CityNews Everywhere to chat about the Bank of Canada cutting interest rates by 50 basis points. Clinton explains how the rate cut could increase demand by improving affordability.
CTV Mortgage Minute: Springing into homeownership – April 15, 2021
Clinton meets up with Ana from CTV to talk about springing into homeownership in this segment of Mortgage Minute.
CTV Mortgage Minute: Springing into homeownership 2021
Don’t feel like watching the video? Check out the transcript below.
Transcript:
It’s spring!
Ana: [00:00:00] Hi, I’m Ana Almeida and I’m here with Clinton Wilkins and this month in your mortgage minute we are springing into homeownership.
Clinton: [00:00:07] Spring is one of the busiest real estate markets of the year and as you’re thinking about getting your house listed for sale now is a great time due to the limited amount of inventory on the market and if you’re looking to buy a home typically there’s more homes for sale.
Time to get a pre-approval
Ana: [00:00:20] What’s the first step?
Clinton: [00:00:22] The first step for consumers really is to get a pre-approval and in that process we’re going to talk about income, asset and credit, figure out what you can afford and get a rate hold.
Mortgage brokers can give expert advice
Ana: [00:00:32] Clinton, why should someone seek the advice of a mortgage broker?
Clinton: [00:00:35] Mortgage brokers have access to over 40 different lenders and we’re also unbiased. We’re biased to the consumer not the lender and really that enables us to give that expert advice.
Ana: [00:00:48] And that’s what we need when you’re purchasing the biggest purchase of your life! Thank you so much for your time Clinton. We will see you next time in another mortgage minute!
Looking for more information about changes in the market, or other mortgage application advice? Feel free to contact us!