Watch This Before Renewing Your Mortgage In 2024

[@chrisparkson5126]

Nolan your the reason I have a renewal crisis suggesting to get a variable rate mortgage

[@REALESTATE100SHOW]

Did you get your mortgage through me?

[@DTrent-uy1wl]

Have you went back to 2021 and watched the videos? 1.5% -2% variables. It was a glorious time

[@chrisparkson5126]

@@REALESTATE100SHOW I did

[@yingyang1875]

How can you blame someone for your own stupidity

[@chrisparkson5126]

@@yingyang1875 I got the mortgage through him and he never told me To switch to fix even.

[@canal_mr_wolf]

Where is the link for the adjustable rate video?

[@DTrent-uy1wl]

Lots of them

[@canal_mr_wolf]

​@@DTrent-uy1wl I mean the one that he said applies to the situation now

[@getmovingwithmary2928]

great advice - thank you

[@vert911]

"Just eat the payments and adjust your lifestyle" - thanks Nolan, it's been making my life sh*t for two years

[@MustyBastard]

huh? Its been the best 3 years of my life housing cost wise. Been riding that sweet sweet 1.67 fixed since 2021 well in 2026. Also I locked in my utilities at the bottom in June 2021 for 5 years. .07 for electricity 3.49 for nat gas . good times good times. The previous 8 years before covid my mp was always over 2600. It is now only like 2200.

[@vert911]

@@MustyBastard very few got lucky enough to renew then. most are in the reverse situation.

[@MustyBastard]

@@vert911 I got lucky on one front. Too bad I am in shitmonton where the house I bought new 10 plus years ago is somehow now worth less than I originally paid for it.

[@REALESTATE100SHOW]

Sorry to hear that

[@Bittersweet721]

​@@MustyBastardouch

[@wealthplancoach]

Can you go to a B lender on a rental property?

[@REALESTATE100SHOW]

Yes, I. Some cases you have to. But the real question is, what kind of lender are you referring to when you say B lender?

[@DTrent-uy1wl]

Can’t you just sell it?

[@wealthplancoach]

@@REALESTATE100SHOW one where the IRD is not punitive like the big banks b

[@wealthplancoach]

@@DTrent-uy1wl we want to sell it but the market is not great and it’s tenanted.

[@DTrent-uy1wl]

@@wealthplancoach you’re right. The market is not good even where I live

[@edenlincoln]

Hi, Nolan. First of all, thank you for your advice. I have a mort. renewal coming up this August and we are already with MCAP. We are very happy with the 2.64% rate we've had back in 2019. We do regret not having taken an early renewal of our mortgage when rates were around 2%, but I'll leave that to the past. I was also thinking about a shorter fixed term in order to take advantage of the probable decrease of Interest rates, so my question to you: I'm in Quebec, what are the best of options for me now: Keeping MCAP, looking for a shorter fixed term or trying a variable rate with a short-term? Thanks Eden

[@DTrent-uy1wl]

I think you should go and tell Darryl & TK. I’ve been warning those two sivs for a year

[@REALESTATE100SHOW]

🤣

[@dealman3312]

Mcap 👏🏻

[@allaudione]

Waste of time!! He never said anything!! Lots of talking, but never said anything - listen and analyze what he said "nothing"

[@vert911]

Refinance in 2 - 3 years? People don't have that long to wait. People needed rates down long ago.

[@REALESTATE100SHOW]

Agreed

[@DTrent-uy1wl]

Agreed! Reality getting kicked in the nuts

[@vert911]

@@xyz1663 apart from you, whos saying that? source?

[@allaudione]

You must short all your talking - you spend far too much time saving nothing or repeating the same lines - causes me to leave

[@Relaxlifeisshort2]

Why do you keep saying 1 to 3 years. They will be down in 1 year.

[@DTrent-uy1wl]

Franco, are you back on the grappa? Here’s what you need to do- go check out the 5yr yield over the last week. It’s going to scare you Paisan

[@Relaxlifeisshort2]

@@DTrent-uy1wlwhat don you think they will stay up for 2 to 3 years. Shows you how much you know. Good luck

[@DTrent-uy1wl]

Franco, one thing I know for sure- you hate to admit you’re wrong lol

[@Relaxlifeisshort2]

@@DTrent-uy1wl not wrong my friend you have no idea what you are talking about as usaul When rate cuts come and they will mark my words you wish you would have bought. And what do you think will happen to rents. Up up up. Good luck

[@DTrent-uy1wl]

@@Relaxlifeisshort2 you have proven my point that is hilarious