The Hidden Mortgage Costs Canadians Need to Know
Note sull'episodio
Are You Choosing the Wrong Mortgage?
For many Canadians, buying a home can feel confusing, stressful, and overwhelming. From understanding what you can afford to navigating hidden costs, mortgage rates, and lender options, it can be difficult to know where to begin.
In this episode of FinTalk, host Monisha Sharma, Chief Revenue Officer at Fig, sits down with Bekim Merdita, Managing Director, Mortgage & Real Estate at Questrade, and Jesse Abrams, Co-Founder & CEO of Homewise, to discuss the mortgage mistakes that can cost Canadians thousands and how buyers can make more informed decisions.
Whether you are preparing to buy your first home, renewing your mortgage, or simply trying to better understand the home-buying process, this conversation offers practical advice to help you navigate one of the biggest financial decisions of your life.
In this episode, you’ll learn:
- Why getting pre-approved before looking at homes is so important.
- How to determine what you can realistically afford.
- Which hidden home-buying costs can catch first-time buyers by surprise.
- Why staying loyal to your bank could cost you more over time.
- What to consider when comparing mortgage rates and lenders.
- Why the lowest mortgage rate is not always the best option.
- How prepayment privileges, penalties, and mortgage terms can affect your finances.
- Why shopping around can help you find a mortgage that better fits your needs.
Choosing a mortgage is about more than finding the lowest rate. It is about understanding your options and making a decision that works for your finances, goals, and future.
Subscribe to FinTalk for practical conversations that help you get financially fit with Fig.