In this episode of TR Talks, Team Rajpal hosts Ivone Souza, a seasoned mortgage broker with over 28 years of experience, to discuss the current mortgage landscape. Ivone shares valuable insights into interest rate trends and the importance of understanding mortgage options.
Key takeaways include:

• Current Market Conditions: Despite fluctuations, Ivone explains that current mortgage rates, though high compared to recent years, are on a downward trend. She emphasizes that buyers need to focus on numbers, saying “date the rate, marry the house,” meaning that while interest rates may fluctuate, securing a good property is a long-term investment.
• Interest Rate Impact: A 0.75% decrease in interest rates can save homeowners significant amounts, with the example of a $700,000 mortgage potentially seeing monthly savings of over $2,200.
• Fixed vs. Variable Mortgages: The discussion highlights the difference between fixed and variable mortgage options, focusing on the flexibility of variable rates. Ivone suggests that staying on a variable rate can be beneficial as rates continue to decrease.
• Tailored Mortgage Solutions: Ivone stresses the importance of tailoring mortgage solutions to each individual’s financial situation, providing flexibility that banks often cannot offer.

Listeners are encouraged to reach out to Ivone for personalized advice and are reminded that mortgage decisions should be based on long-term financial goals, rather than short-term interest rate fluctuations

Ivone Souza
Mortgage Agent Level 2
Clear Trust Mortgages
647-403-8153
ivone@souzamortgagesolutions.ca 

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