The Hidden Reason Your Renewal Just Got Worse | EP401
About this episode
This episode discusses the challenges homeowners face during mortgage renewal due to falling appraisals and disappearing equity, featuring insights from mortgage broker Mathieu Fugere.
Homeowners hitting renewal right now are running into a problem nobody warned them about: their equity has quietly disappeared. Falling appraisals mean people who assumed they had room to refinance, extend their amortization, or pull equity out are finding out they don't — right when they need it most. In this episode, Kristina sits down with Mathieu "Mat" Fugere, a mortgage broker with 23 years in the business and owner of Fugere Mortgage in Milton, Ontario, to unpack what's really happening to buyers and homeowners right now. Why falling appraisals are wiping out homeowners' equity right at renewal > The "mortgage slush fund" trick to survive a renewal payment shock > How first-time buyers are actually saving their down payments > What the paperwork looks like for a gifted down payment from mom and dad > House hacking with a duplex or triplex to afford your first home > Financing a hobby farm, a rural property, or a short-term rental / Airbnb Looking for mortgage help? Connect with Mat Fugere: Website: https://www.mandmmortgages.ca VIDEO SECTIONS & TIMESTAMPS 0:00 – Intro 0:53 – Welcome Matt Fugere, 23-year mortgage broker 2:03 – Matt's…
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