Ever felt lost when your mortgage broker starts throwing around terms like CMB, COI, LOI, prime rate and overnight lending rate? Fear not!

In today's video, top Canadian mortgage experts Josh Findlay & Ehren Laycock from ‪@bldfinancial‬ are back on the channel they unravel the mysteries of Canadian Mortgage terms!

Did you enjoy and get value from this video? Let us know your thoughts and if you got any value from this discussion in the comment section below!

Want to thrive & succeed in the 2024 Canadian Real Estate Market?
Check out these other videos with Josh & Ehren:
Top Locations To Purchase Investment Properties in 2024    • Top Locations To Purchase Investment ...  
The Ultimate Guide To Buying Real Estate in 2024 in Canada    • The Ultimate Guide To Buying Real Est...  
The End Of Multifamily BRRRRs in Canada? | Major CMHC Repositioning Changes Imminent    • The End Of Multifamily BRRRRs in Cana...  
How To Ensure Your CMHC Application Gets Approved    • How To Ensure Your CMHC Application G...  

Follow the Findlay Mortgage Team on YouTube:
   / @bldfinancial  
Broker Lic# 12360

For more information check out Josh & Ehren's Website:
https://www.findlaymortgage.com/

Did you enjoy and get value from this video?
Do you have any questions for Josh & Ehren on this topic? Are you enjoying the Finance Friday weekly video series?!?
Let us know in the comment section down below and don't forget to SMASH the like button!

More Finance Friday Videos with The Findlay Mortgage Team:
   • Real Estate Financing With Findlay Mo...  

Follow & Connect with Findlay Mortgage Team on Social Media:
Josh 5197299212
Ehren 2269805048
Facebook   / findlaymortgages  
Instagram   / fmtmortgages  
YouTube    / @bldfinancial  
Josh Findlay on Instagram   / jfins  
Ehren Laycock on Instagram   / laycock22  

Follow The Canadian Real Estate Channel on Social Media:
Instagram   / canada_rei  
Facebook   / canadianrealestatechannel  

0:00 Introduction
0:40 Understanding Canadian Mortgage Terms
1:05 CMB | Canadian Mortgage Bond
2:17 Overnight Lending Rate
3:29 Prime Rate
5:13 Variable Rate Mortgage
6:40 Fixed Rate Mortgage
7:33 COI | Certificate of Insurance
8:47 LOI | Letter Of Intent
10:00 Wrap up

————————————

#CanadianRealEstate #MortgageTerms #realestatefinancing