Did you know that prior to 2008, the mortgage industry was significantly more aggressive in its lending practices? Join me, Preeti Rao, a seasoned real estate and mortgage broker with nearly two decades of experience, as I delve into the fascinating journey of mortgage regulations from the aftermath of the US subprime meltdown to the present day in Canada.
Discover how governmental interventions reshaped lending criteria, from changes in maximum amortization periods to stringent stress tests. Stay informed and empowered about the dynamics shaping the real estate landscape! I hope you find this episode helpful and love it. Please feel free to drop your questions in the comment section below. I will be more than happy to answer them all. Chapters: 00:00: Introduction: Exploring the Evolution of Mortgages 01:20: Understanding Key Mortgage Terms: Amortization, GDs, LTV, TDs 01:56: Regulatory Changes Post-Subprime Crisis (2008-2016) 04:02: Recent Developments in Mortgage Guidelines (2020-2023) 05:35: Looking Ahead: Anticipated Changes and Market Outlook 05:45: Conclusion Interested in tips and tricks for buying & investing in real estate? ❣️❣️Subscribe here🔴: https://bit.ly/realtorpreetiraoyt ✅Get in Touch With Me: 📧 Email: preeti@searchrealty.ca 📱 Phone: 416.573.6691 ➡️ Visit my Website: https://www.preetirao.ca ⬇️⬇️Follow me below⬇️⬇️ Instagram: https://www.instagram.com/realtorpree... LinkedIn: https://www.linkedin.com/in/realtorpr... Facebook: https://www.facebook.com/realtorpreet... Twitter: https://twitter.com/realtorpreetirao#realestateinsights #mortgagemarket #firsttimehomebuyer #canadarealestate