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!
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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/
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More Finance Friday Videos with The Findlay Mortgage Team:
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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
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#CanadianRealEstate #MortgageTerms #realestatefinancing