Winnipeg’s Real Estate Podcast – EP 137

Interview with Mortgage Mike - Local and national real estate news - Podcast


This week we will talk to Mike Schroeder of Mortgage Architects about the differences between an open and a locked in mortgage, weโ€™ll take a look at a really unique local business and a few surprisesโ€ฆ.all in the next 15 minutes or less

๐Ÿ‡จ๐Ÿ‡ฆ ย ๐˜พ๐™–๐™ฃ๐™–๐™™๐™ž๐™–๐™ฃ ๐™๐™š๐™–๐™ก ๐™€๐™จ๐™ฉ๐™–๐™ฉ๐™š ๐™‰๐™š๐™ฌ๐™จย  ๐Ÿ“ฐ

Interesting article on indicating that the pandemic has motivated many young Canadians to buy a house. โ€œThe pandemic has caused many Canadians to turn their living rooms into classrooms, their dining rooms into offices, and their basements into home gyms,โ€ said , Head of Real Estate Secured Lending and Scotia Mortgage Authority at Scotiabank in a release. โ€œThis is motivating many to consider investing more in their current homes or re-evaluating their living spaces altogether.โ€

In addition, the lowered rates when compared to the a year ago, now can save the average home buyer around 13,000 over a 5- yr mortgage period.

Go To

๐Ÿž๏ธย  ๐™’๐™ž๐™ฃ๐™ฃ๐™ž๐™ฅ๐™š๐™œ ๐™๐™š๐™–๐™ก ๐™€๐™จ๐™ฉ๐™–๐™ฉ๐™š ๐™‰๐™š๐™ฌ๐™จย  ๐Ÿ“ฐ

So about 2 weeks ago I listed a house and the owners were wondering whether now was still a good time to list.ย  We got 7 offers and it sold for over 40K above asking price.ย ย  So yeahโ€ฆit a great time to sell

โ˜Ž๏ธย  ๐™‹๐™๐™ค๐™ฃ๐™š ๐˜พ๐™–๐™ก๐™ก ๐™’๐™ž๐™ฉ๐™ ๐™ˆ๐™ค๐™ง๐™ฉ๐™œ๐™–๐™œ๐™š ๐™ˆ๐™ž๐™ ๐™šย  ๐Ÿ’น

Letโ€™s tackle the age old questions: Is it better to get a fixed mortgage, or to leave it open?ย  Lock it in for 5 years, or take a chance with a floating rate?

Mortgage Mike Schroeder of Mortgage Architects says:

Even though the rates for an open mortgage are already lower than a fixed mortgage, buyers should consider that getting out of a fixed mortgage early can trigger significant penalties.ย  65% of home owners get out of their fixed mortgage earlier than expected.

See this attached article via cbc newsย ย

๐Ÿ“†ย  ๐™๐™๐™ž๐™จ ๐™’๐™š๐™š๐™  ๐™ค๐™ฃ ๐™ฉ๐™๐™š ๐˜ฝ๐™ก๐™ค๐™œย ย ๐Ÿ“ญ

Are you looking to add value to your home by doing some interior decorating, remodelling or updating?ย  Check out this great post, with a room by room guide of adding value to your home.

Go to

๐Ÿ”ฆย ย ๐™Ž๐™ฅ๐™ค๐™ฉ๐™ก๐™ž๐™œ๐™๐™ฉ ๐™ค๐™ฃ ๐™ก๐™ค๐™˜๐™–๐™ก ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จย  ๐Ÿช

Today Iโ€™m talking about one of the most unique businesses youโ€™ll ever find.ย  Itโ€™s a local manufacturer, the brain child of an entrepreneur named Brian Ross.ย  Innovation Fabrication isย  a metal fabricator who turns old shipping containers into just about anything you can think of.

Pools, popup kitchens and bar yard bars, man-caves and she-sheds and even pop up medical labs and testing sites.

Weโ€™re planning to have Brian on in an upcoming episode and tell us more.ย  You can find the link to his website in the show notes

Innovation Fabrication hereย ย ย ย

๐Ÿ‘ชย ๐Ÿ—ฏย ย ๐™๐™ž๐™ฃ๐™–๐™ก ๐™๐™๐™ค๐™ช๐™œ๐™๐™ฉ๐™จ ๐™–๐™ฃ๐™™ ๐™‡๐™ž๐™ฃ๐™ ๐™จย ย ๐Ÿ–ฅ

I donโ€™t always eat soup, but when I doโ€ฆ HAS to have meat in it.ย  One of my favorites is this meatball, tomato and pepper soup.ย  Its thick, hearty and has a little kick.ย  You can use beef or turkey, and a link to the recipe is in the show notes.

Meatball, Tomato and Pepper soup:ย

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๐Ÿ† Award-winning RE/MAX Listing Agent andย ๐Ÿก ย Home Buying Specialist in Winnipeg. If you're thinking about real estate in Winnipeg, think "๐˜ฝ๐™ค ๐™†๐™ฃ๐™ค๐™ฌ๐™จ ๐™ƒ๐™ค๐™ข๐™š๐™จ" ๐Ÿ“ฒ ย ๐˜พ๐™–๐™ก๐™ก ๐™ค๐™ง ๐™ฉ๐™š๐™ญ๐™ฉ (204) 333-2202 ๐™ฉ๐™ค ๐™—๐™ค๐™ค๐™  ๐™ฎ๐™ค๐™ช๐™ง ๐™–๐™ฅ๐™ฅ๐™ค๐™ž๐™ฃ๐™ฉ๐™ข๐™š๐™ฃ๐™ฉ.