Mortgage 101 - Unlocking Homeownership
Mortgage 101 with Clinton Wilkins · Clinton Wilkins Mortgage Team
Audio is streamed directly from the publisher (prfx.byspotify.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Clinton and Blair are back to answer more mortgage questions from listeners. The two explain that mortgage payments are relatively stable, with a portion going to interest and the rest to principal. They emphasize the importance of the stress test in ensuring affordability and protecting borrowers from financial shocks. Clinton notes that while interest rates have risen from sub-2% to around 4%, the stress test prevents issues during renewal. They also discuss the benefits of maintaining a good relationship with a mortgage broker for long-term financial planning.