Things You MUST Know Before Getting a

Things You MUST Know Before Getting a #mortgage | The Naveen Chopra Show ft. Rohit Kohli #shorts
In this value-packed episode of The Naveen Chopra Show, Rohit Kohli, an expert mortgage advisor in Canada, shares essential tips and insights for anyone looking to succeed in the Canadian real estate market. From choosing between fixed and variable interest rates to understanding the tax implications of gifted down payments, Rohit provides practical advice that every homebuyer and investor needs to know.
Key Topics Covered:
How to choose between fixed vs. variable interest rates for your mortgage
Key questions to ask your mortgage broker for better decision-making
The advantages of variable interest rates and market predictions
Investing in real estate with a work permit
Tax implications of gifted down payments and how to handle them
Understanding closing costs, appraisals, and comparable home sales
Tips for managing your credit score and qualifying for a mortgage
Benefits and programs for first-time homebuyers, including RRSP usage and land transfer tax rebates
Whether you’re a first-time buyer or a seasoned investor, this episode is filled with actionable insights to help you navigate your real estate and mortgage journey in Canada with confidence.
#RealEstateCanada #MortgageAdvice #FirstTimeHomebuyer #RealtyByNav #HomeBuyingTips #RRSP #MortgageBroker #RealEstateInvesting #CanadianMortgage #NaveenChopraShow
mortgage advisor, real estate investing, Canadian mortgage tips, first-time homebuyer, fixed vs variable rates, RRSP down payment, credit score management, closing costs, real estate market trends, mortgage broker Canada
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Key Topics Discussed:
05:00: Starting with Real Estate Passion and Career Moves
06:10: Fixed vs. Variable Interest Rates for Mortgage
08:03: Advantages of Variable Interest Rates
08:25: Trends and Future Predictions for Interest Rates
11:23: Gifted Down Payments from Canada and Abroad
13:01: Tax Implications for Large Gifted Amounts
14:28: Investing in Real Estate on a Work Permit
17:39: Key Questions to Ask Your Mortgage Broker
18:07: Understanding Mortgage Terms and Financial Conditions
19:08: Prepayment Penalties and Basic Mortgage Knowledge
19:36: First-Time Homebuyer Benefits
20:22: Using RRSP for Your Down Payment
23:06: Down Payment and Closing Cost Considerations
26:19: Importance of Credit Scores & Managing Credit

[@NeerajCanada]

Awesome and very informative podcast, thanks Nav & Rohit for providing such great insights about the mortgage industry

[@NaveenChopraRealtor]

@NeerajCanada thanks brother for your feedback 🤩🙌