The Unfortunate Reality For Canadian Variable Rate Homeowners 😱 @michaelouzasrealestate

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Some Canadian Banks are not allowing their variable rate mortgage holders to increase their mortgage payments enough to cover their interest payments. This is causing these mortgages to negatively amortize at no fault of the owner.

In this episode of The Tom Storey Show, Steve Karrasch and Tom Storey speak with Toronto real estate agent and former professional hockey player Mike Ouzas to discuss his personal experience of not being allowed to increase his mortgage payments enough to cover the interest.

Connect with Mike:
Instagram: https://www.instagram.com/michaelouzasrealestate/
Youtube: https://www.youtube.com/@michaelouzasrealestate/about
Web: michaelouzas.com

#RealEstateCanada #NegativeAmortization #MortgageCanada

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TOM STOREY
Book a call with Tom: https://calendly.com/TomStorey
Tom's YouTube Channel: https://www.youtube.com/c/TomStorey/videos
The Storey Team, Royal LePage Signature: https://storeyteam.ca/
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STEVE KARRASCH
Book a call with Steve: https://calendly.com/stevekarrasch
Steve's YouTube Channel: https://www.youtube.com/c/KarraschRealProperties/videos
Karrasch Real Properties, Macdonald Realty: https://www.krproperties.ca/
Instagram: https://www.instagram.com/karrasch_real_properties/
FaceBook: https://www.facebook.com/KarraschRealProperties/

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The opinions expressed herein are solely that of Steve Karrasch PREC and Tom Storey, not Macdonald Realty, Royal LePage Signature, TREB or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Nor should any of this content be considered or used as financial advice. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.