Tag: Interest Rates
Fixed vs.Variable Mortgages: Here’s What You Need to Know with Derek Gold (Ep. 50)

Fixed vs.Variable Mortgages: Here’s What You Need to Know with Derek Gold (Ep. 50)

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Mortgage rates are on the rise. 

What should you do in this scenario?

Is it a good idea to get a fixed mortgage or variable mortgage? Do higher rates make it harder to qualify for a home loan?

In this episode, Derek Gold from Mortgage Scout joins Kris Dureau to unpack the different options you have when applying for home mortgages and repayments. While there is no one-size-fits-all solution, Derek outlines the differences between fixed or variable mortgages to help you decide which option may work best for you. 

Derek discusses:

  • Fixed or variable mortgages — which people seem to pick the most
  • The different types of mortgages
  • The importance of finding the right lender
  • The new criteria for qualifying for a mortgage
  • Advice for those with an increased line of credit due to home renovations 
  • And more!

Connect with Derek Gold

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About Our Guest:

Derek Gold is a mortgage agent at Mortgage Scout. Derek brings over eight years of independent brokerage experience. With extensive experience servicing the residential needs of customers, Derek has structured sound solutions, from getting clients into their first home to helping them build their real estate portfolio and become rental investors. 



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29. Top 10 Frequently Asked Financial Questions

29. Top 10 Frequently Asked Financial Questions

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If you have a personal finance question on your mind, chances are, you’re not alone.

In this episode, discover the 10 most frequently asked finance questions financial advisors like Kris Dureau receive from clients.

From questions about the financial markets to  queries about retirement, investing, and insurance, Kris breaks down these questions and shares his valuable insight and easy-to-follow answers for each.   

Kris discusses:

  • The difference between RRSP and TFSA accounts
  • Must-know considerations around investment fee deductions 
  • Why you shouldn’t name underage children as secondary beneficiaries
  • Why bond prices and interest rates tend to go in opposite directions
  • How to determine the right time to retire 
  • And more!

Resources:

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27. Manulife One: More Than Just a Conventional Mortgage With Wade Arseneault

27. Manulife One: More Than Just a Conventional Mortgage With Wade Arseneault

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Imagine being able to combine your mortgage, bank accounts, short-term savings, debt, and income all into one banking product.

This is exactly what Manulife One allows you to do. 

In this episode, Manulife Financial’s mortgage specialist, Wade Arseneault, joins Kris Dureau to explain just how Manulife One does this, and how they set themselves apart from conventional mortgage alternatives by providing an all-in-one product.

Wade discusses:

  • Manulife One as flexible, debt-free, and one-umbrella product 
  • Who can benefit from this mortgage solution 
  • A client success story
  • Interest rates differences between a fixed and a Manulife One mortgage 
  • How Manulife’s mortgage changes as you and your lifestyle changes
  • And more

Resources:

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Connect with Kris Dureau:

About Our Guest:

Wade Arseneault is a mortgage specialist at Manulife Bank & Trust, specializing in the Manulife One product and mortgages. His specialties include but are not limited to transaction banking, internet banking, mortgage, banking, deposit accounts, client/advisor relationship management, and more.  Along with providing direction, knowledge, and coaching, Wade is all about offering unique financial solutions for clients of all ages.

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Episode 24 -The Real State of Ontario’s 2021 Real Estate Market – With Krystal Lee Moore

Episode 24 -The Real State of Ontario’s 2021 Real Estate Market – With Krystal Lee Moore

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Southwestern Ontarians, are you on the lookout for real estate deals, but don’t know how and where to start from?

If so, this episode is for you!

Today, Royal LePage Triland Realty’s Krystal Lee Moore joins Kris Dureau to explore the ins and outs of Ontario’s 2021 real estate market. All this to guide, support, and help you reach your ultimate real estate goals!

In this episode, you will learn:

  • Low-interest rates, COVID-19, and working from home: Factors that contribute to the current real estate market  
  • Why you might want to add extra value to your home 
  • The best times of the year to sell in Ontario 
  • The truth about first homes 
  • And more!

Listen today and find out everything you need to know about home values in our weak economic market!

Resources: Royal LePage Triland Realty, Brokerage | Krystal Lee Moore | Instagram | Facebook  | Soar on Amazon

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Episode 17 – Is Now the Time to Refinance or Buy a Second Property? – With Derek Gold

Episode 17 – Is Now the Time to Refinance or Buy a Second Property? – With Derek Gold

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COVID-19 is just one of the many reasons why interest rates are at historically low rates.  

With rates so low, should you be considering refinancing your home or purchasing a second property?

In this episode, Kris Dureau welcomes Mortgage Scout’s Derek Gold to discuss this and more. Together, they explore the current interest rate environment and answer questions you might have about refinancing and buying a second property. 

In this episode, you will learn:

  • The difference between a variable and a fixed mortgage rate 
  • Pros and cons of shorter and longer amortization periods
  • Getting a mortgage when you’re self-employed or retired 
  • How a good credit score affects your mortgage 
  • And more!

Tune in today to learn everything you need to know before refinancing your home or purchasing that second home!   

Resources: Mortgage Scout | Derek Gold 

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