I Love Mortgage Brokering 596: Mortgage Penalty Ninja - Matt Imhoff
Want to learn how to help save your clients money?
Today, we're joined by Matt Imhoff, the foremost expert on mortgage penalties in Canada. In this episode, he breaks down how understanding penalties can help you better serve your clients.
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In this episode of the I Love Mortgage Brokering podcast, I sit down with my friend, Matt Imhoff, an expert in understanding and calculating mortgage penalties. With interest rates constantly changing, Matt explains how Canadian mortgage brokers can find hidden deals in their databases, save clients money, and secure lower rates. We also dive into the complexities of mortgage penalties— especially why they matter in Canada but not so much in the US— and how these penalties can be both an opportunity and a risk. If you’re a Canadian broker, you’ll definitely want to tune in as Matt shares some invaluable tips and tricks.
Here are the talking points we covered:
- How to find hidden deals in your database.
- Understanding and calculating mortgage penalties.
- Impact of fluctuating interest rates on penalties.
- Canadian vs. US mortgage penalty differences.
- Opportunities to save clients money and secure better rates.
- Risks of losing money in certain penalty situations.
- Practical tips and strategies for Canadian mortgage brokers.