CTV News - Mortgage Minute
Ottawa Mortgage Broker Frank Napolitano stops by CTV News to talk mortgages and negotiating to get a better rate.
Click here for the full video from CTV Ottawa Morning Live.
On this episode of the Mortgage Minute, Frank Napolitano talks about negotiating with your lender to get a better mortgage rate. Some Canadians are likely to disregard a savings of one tenth of a percentage point, which Frank believes is a mistake. The larger the mortgage, the more that one tenth of a percentage point will add up in interest costs over the mortgage term.
This brings to light the importance of negotiating for the best rate possible. Many lenders will not offer their lowest rate up front, making negotiating a must to save what can add up to thousands of dollars in the years to come. For those who are less comfortable with the negotiation process, let a professional Ottawa Mortgage Broker do it for you!