Angry Mortgage Feet On The Ground Mortgage News | Special Guest: Sacha Fabry | EP. 106
Jan 21, 2025
Join Sacha Fabry, a seasoned front-line mortgage broker who navigates the challenges of borrower inquiries daily. In this discussion, Sacha reveals common borrower concerns about rising renewal rates and debunks myths surrounding mortgage offers. He emphasizes the importance of thorough rate comparison and questions whether getting a mortgage is becoming more challenging. With insights on Ontario's fluctuating market and the impact of rising interest rates, Sacha's expertise sheds light on the current mortgage landscape.
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Sacha's Background and Family
- Sacha Fabry's father worked in the mortgage industry for 25 years, including a role as head mortgage broker for CIBC.
- Fabry grew up in Guelph, lived in Vancouver's Gastown, and then Squamish before returning to the GTA.
Informed Borrowers and Aggressive Banks
- Borrowers are more informed about mortgages today due to readily available online information.
- Banks are aggressive, but don't offer the best rates upfront, making rate shopping crucial.
Early Renewal Advice
- Contact a mortgage broker at least six weeks before your renewal.
- Many people start shopping too late, thinking they have more time.