An apt name for this week’s episode of Realty Talk would be ‘The Great Escape’ as it’s all about breaking away from Mortgage Cliffs, avoiding becoming a Mortgage Prisoner, and negotiating your way out of trouble.
The words on everyone’s lips lately are ‘fixed rate mortgage cliff,’ but what is all the fuss about anyway? Core Logic’s Eliza Owen joins us to separate the facts from the fiction and explain what impact, if any, it will have on you and your property.
Next, host and founder of KnowHow Property, Bushy Martin offers some insights around the steps you can take to minimize the pain of colliding with a fixed-rate cliff as well as what you need to do to prevent becoming a mortgage prisoner.
Ending off this insightful episode, Kevin Turner interviews Buyers Agent Cate Bakos in the first segment in a special series on Negotiation. Together they discuss how seriously you should consider Agent’s price guides.
Enjoy the show!
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