Podcast appearances and mentions of mike schroeder

Play Episode Listen Later Oct 26, 2022 60:00

Looking ahead to 2030: How will we work? How will we travel? What will we eat? How will we dress? Will we have ANY privacy? Will we all be space travelers? What old and new challenges will we face? The Buzz: The top 7 emerging future technology booms that will redefine the future and the world we live in – from https://unboxingstartups.com: *** Per Statista, 2,028 AI companies in 2018 were working in the US. The number of AI startups could reach 9,000 by the end of 2030. *** The growth rate of self-driving cars may reach 20-30% by 2030. Tesla, Toyota, Google, BMW are developing self-driving cars with an encrypted software system. *** Oxford Economics: Up to 20M manufacturing jobs worldwide could be replaced by robots by 2030. *** American brand Tommy Hilfiger's clothing embedded with smart Bluetooth chips that link to a mobile app and game, will let wearers earn rewards points. *** Researchers in Japan in 2018 experimented with space elevators at the International Space Station. This could open up space to the average person. *** By 2030, cloud computing will be so widespread it will be hard to remember when it didn't exist. *** IDTechEx predicts by 2030, the augmented, virtual, and mixed reality optics and display markets will top $28Bn. And there's much more. We'll ask Colin Dunn, Jon Clay, Debbie Taylor Moore, Derek Harp and Mike Schroeder for their take on Our Cyber Future In 2030: Will The Livin' Be Easy? Part 2.

Our Cyber Future In 2030: Will The Livin' Be Easy? – Part 2

Play Episode Listen Later Oct 26, 2022 56:01

Looking ahead to 2030: How will we work? How will we travel? What will we eat? How will we dress? Will we have ANY privacy? Will we all be space travelers? What old and new challenges will we face? The Buzz: The top 7 emerging future technology booms that will redefine the future and the world we live in – from https://unboxingstartups.com: *** Per Statista, 2,028 AI companies in 2018 were working in the US. The number of AI startups could reach 9,000 by the end of 2030. *** The growth rate of self-driving cars may reach 20-30% by 2030. Tesla, Toyota, Google, BMW are developing self-driving cars with an encrypted software system. *** Oxford Economics: Up to 20M manufacturing jobs worldwide could be replaced by robots by 2030. *** American brand Tommy Hilfiger's clothing embedded with smart Bluetooth chips that link to a mobile app and game, will let wearers earn rewards points. *** Researchers in Japan in 2018 experimented with space elevators at the International Space Station. This could open up space to the average person. *** By 2030, cloud computing will be so widespread it will be hard to remember when it didn't exist. *** IDTechEx predicts by 2030, the augmented, virtual, and mixed reality optics and display markets will top $28Bn. And there's much more. We'll ask Colin Dunn, Jon Clay, Debbie Taylor Moore, Derek Harp and Mike Schroeder for their take on Our Cyber Future In 2030: Will The Livin' Be Easy? Part 2.

Our Cyber Future In 2030: Will The Livin' Be Easy? – Part 2

Play Episode Listen Later Oct 26, 2022 56:01

Looking ahead to 2030: How will we work? How will we travel? What will we eat? How will we dress? Will we have ANY privacy? Will we all be space travelers? What old and new challenges will we face? The Buzz: The top 7 emerging future technology booms that will redefine the future and the world we live in – from https://unboxingstartups.com: *** Per Statista, 2,028 AI companies in 2018 were working in the US. The number of AI startups could reach 9,000 by the end of 2030. *** The growth rate of self-driving cars may reach 20-30% by 2030. Tesla, Toyota, Google, BMW are developing self-driving cars with an encrypted software system. *** Oxford Economics: Up to 20M manufacturing jobs worldwide could be replaced by robots by 2030. *** American brand Tommy Hilfiger's clothing embedded with smart Bluetooth chips that link to a mobile app and game, will let wearers earn rewards points. *** Researchers in Japan in 2018 experimented with space elevators at the International Space Station. This could open up space to the average person. *** By 2030, cloud computing will be so widespread it will be hard to remember when it didn't exist. *** IDTechEx predicts by 2030, the augmented, virtual, and mixed reality optics and display markets will top $28Bn. And there's much more. We'll ask Colin Dunn, Jon Clay, Debbie Taylor Moore, Derek Harp and Mike Schroeder for their take on Our Cyber Future In 2030: Will The Livin' Be Easy? Part 2.

3 Real Estate Facts You Need To Know - Mid-Aug 2022

Play Episode Listen Later Aug 22, 2022 11:19

3 Real Estate Fact #1 [00:00:00] Host Ryan Peterson: Get ready for three interesting real estate facts you should know coming up in this episode of Winnipeg's real estate podcast. Cue the music [00:00:11] Bo Kauffmann - REALTOR: you're listening to the bone knows real estate podcast tips and advice for home buyers, sellers, and owners with award winning Remax agent Bo Kaufman. [00:00:26] Host Ryan Peterson: Hello, I'm your host, Ryan Peterson. Welcome to another episode of Winnipeg's real estate podcast with my friend and real estate expert, Bo Kauffmann of Remax Performance Realty [00:00:35] Bo Kauffmann - REALTOR: Hey Ryan thanks for the great intro and anybody who's listening to this will notice right away that there's a bit of a change in the format here. Ryan and I did a series of episodes a few years ago that were called a real estate round table. And what I always liked about him was the little back and forth and two different voices talking. So I wanna recreate that here and I thank you, Ryan, for agreeing to do this with me. [00:01:04] Host Ryan Peterson: My pleasure. It's great to be back Bo. All right. So let's get right into it with three different facts about real. Okay, You must hear this first question a lot from home buyers. When my possession data is coming up, how do I get the keys and get into my new home [00:01:09] Bo Kauffmann - REALTOR: All right. So it really depends on where you are. I hear that a lot of places in the states and different provinces and the real estate agent actually has the key and meets you at your door, but here in Manitoba, it's all done through the lawyers. So here's what happens is about a week before you possession date, you the. Meet with your lawyer, you sign a bunch of papers. You give him a suitcase full of money that he's gonna tell you, just how much to bring and you sign the papers and then you just sit back and wait. At the same time, the seller meets with their lawyer signs, papers, and gives him the keys. And then the day before possession. The lawyers talk to each other and exchange those two items. The buyer's lawyer sends the money. The seller's lawyer sends the key. You get another phone call and the day before possession, you show up at your lawyers and he'll give you the key and with strict instructions not to go into the house. Until right at the time that stated on the offer. I remember, [00:02:01] Host Ryan Peterson: Getting my first home in 2000 and yeah, it was a plain Manila envelope that I got the key in. And honestly I was expecting a little bit more fanfare, what are you gonna do? You're still excited about the new home now. Bo is the date usually hard and fast or is there some flexibility, say a buyer wants to swing by and get some measurements to make sure that the furniture is gonna fit certain way. [00:02:20] Bo Kauffmann - REALTOR: Okay. That's a really good question. Answer that question. The date is hard and fast. Now, if it's important to you to take some measurements or to go in for one more, look, make sure that you're a real estate agent. That's the buyer's real estate agent writes that into the offer because the seller does not have to let you back in until let's say it's nine o'clock and not Tuesday morning when you're taking possession, you don't have the right to go back in there. If you, some people want to do not only measurements, but they also might wanna get a contractor to go through. They might wanna be ready to do a new kitchen, make sure you write that into the offer. And that way the seller when they agree to it, have to let you in. [00:02:55] Host Ryan Peterson: worst they can say is no. That's right. And it's not one of those things that's gonna make or break a deal or make you lose out on a house, right? Nope. That's right. Okay. Great now. Okay. Let's look at the other side of the equation. Do home sellers get their money right away when the keys are handed over? [00:03:08] Bo Kauffmann - REALTOR: All right. So Manitoba again was one of the worst provinces until about six or eight years ago. You could basically wait a month. For your money. So if you're possession it, if you're moving outta your house on August 15th, you probably didn't get the money until mid-September that's. Because here in Manitoba, the new owner, which is the buyer, their lawyer has to register that house with land titles office. And that is a slow, arduous time consuming process. That also depends on whether the lawyers are on break or whether they're on holidays or how busy they are, et cetera, but it usually takes a month. There's a new system came into place. Actually the system's been around for a while. Manitoba just came on board with it a few years ago. It's called the Western Canadian protocol, otherwise known just as protocol. And now you can get your money within a few days. So best case scenario. If you move out on the 15th, you might have the money on the 18th or 20th. But it can take a couple of weeks still. [00:04:05] Host Ryan Peterson: I remember my last move. I ended up owning both homes for a couple of months with some bridge financing. I know I couldn't wait to get my money fast enough. When it finally sold. Now Bo, is there a season or time of year when it's better to buy or to sell? What picks market does seem hot all the time, but there's ups and downs that can be predicted or taken advantage of. [00:04:25] Bo Kauffmann - REALTOR: Oh you betcha who was it that was credited was saying when everybody else is buying, sell, when everybody else is selling buy, I think that was Warren buffet, but I'm not sure. Certainly the spring is the best time to sell your house. Now that being the case, that also makes it the worst time to buy your house because you are pretty much guaranteed to be up against eight, 10 other people. It seems like in our market here, everybody waits till the spring to go out and buy a house. Start the year fresh. Worst time to buy. Best time to buy is right now, that's be like late summer, early fall. Anybody who wanted and needed a house is moving right now to start, the school year for their kids, buyers have really taken a, a break right now, and there's a lot more inventory on the market. So best time to buy is the late summer, early fall. And that's just the way it is in Winnipeg. That's always how it's always been. It's [00:05:13] Host Ryan Peterson: a you really put yourself in more of a power position at the end of the summer as a buyer, because at that point they're desperate to move on to the next thing they [00:05:21] Bo Kauffmann - REALTOR: have planned. Oh, absolutely. And just think about it this way. If you're up against 10, 10 offers in the spring, your offer has to be clean. It has to be big, it has to be stand out. So now we actually get listings, come on the market where they've had one or two showings, not offers just showings in a week. Wow. So it's definitely a great time to. [00:05:40] Host Ryan Peterson: And you're probably likely waving a home inspection in the spring. Where you could get that luxury in the fall. [00:05:43] Bo Kauffmann - REALTOR: That's right. Absolutely home inspection, better financing condition longer time to make a decision. So it's better all around [00:05:51] Host Ryan Peterson: My wife and I are always keeping an eye on E saying Paul, and it seems rare when something goes up for sale. What do you recommend to people that are in the market buyers that are in the market that want an. But there's not a lot really going on there. What can they do to get on the radar so that the first person in, when [00:06:06] Bo Kauffmann - REALTOR: something pops. Okay. So the best thing to do is get ahold of a real estate agent, somebody, or somebody you've heard of, or somebody you've worked with in the past, get 'em to set up a search and they can do it by geography like geographical location. So if you only want a house in a certain radius, right around Cher farm roads, or around hot, not or birds hill or whatever they can set up a search and anything that comes up. Comes directly to your computer and you can see the listing come fresh. [00:06:31] Host Ryan Peterson: That's excellent. And fortunately, I know a great real estate guy who happens to be sitting across the table from me. Okay. Thanks Ryan. before we sign off, what are the current mortgage rates doing? [00:06:39] Bo Kauffmann - REALTOR: Ryan for that, I'm gonna turn to my mortgage expert. That's Mike Schroeder with mortgage architects. When we come right back, we'll be right back after this short announcement. All right. We're here with Mike Schroeder of mortgage architects to talk about some of the lowest rates available at this point in time, which is like mid August, 2022. Hi, Mike. How you doing? Hey, doing well with yourself. Excellent. All right, let's get right to the point. So you've got somebody that comes to you and says, Hey, I wanna buy a house. And I need a $300,000 mortgage. So what is the absolute lowest rate you can get? [00:07:40] Mike Schroeder - Mortgage Expert: So lowest rate I have is a variable rate. You're looking at about 3.8% effective today. And on a $300,000 mortgage gives you a pay of about $1,545 a month. [00:07:51] Bo Kauffmann - REALTOR: And that's principle and interest taxes of course would be extra. [00:07:55] Mike Schroeder - Mortgage Expert: Yes and that's on a 25 year amortization [00:07:56] Bo Kauffmann - REALTOR: And that was 1545, correct? Yes. Okay. So now what if I'm nervous and I'm not the kind that wants to keep an eye on the mortgage rates every day. What are fixed rates right now? [00:08:09] Mike Schroeder - Mortgage Expert: Youre looking at about4.59% and so same mortgage amount, same terms. You're looking at about 1675 a month. [00:08:16] Bo Kauffmann - REALTOR: So that's about $130 a month. Difference between the two. 130 for what some people might think is peace of mind, but of course there's ups and downs. There's a downside to being locked in for five years. [00:08:26] Mike Schroeder - Mortgage Expert: At the end of the day, you want to have a full conversation with your lender. You want to go over your risk appetite, your credit, your income likely changes the next five years and get a solution customized for youy [00:08:37] Bo Kauffmann - REALTOR: Risk appetite. That's gotta be the term or the day. [00:08:42] Mike Schroeder - Mortgage Expert: absolutely [00:08:43] Bo Kauffmann - REALTOR: absolutely gun to your head. Where do you think rates are gonna go? Like right now, the variable is lower than the fixed. Do you think that's gonna stay that way? No, I don't. [00:08:53] Mike Schroeder - Mortgage Expert: So there's the next bank account rate announcement's coming up in September. I believe it's September. The seventh. Most predictions are, is that the rate will increase that month. Now it may increase by lower amount due to the last inflation numbers, but by whatever does increase. The gap between fixed and variable is gonna be reduced to a very slim margin. There are still other reasons to pick variable or fixed, and that gets down to your risk appetite. So all part of that bigger conversation. [00:09:16] Bo Kauffmann - REALTOR: Thanks a lot, Mike. We'll talk to you next time. Anytime. Take care. Bye bye. All right. Ryan, I think that's it for this week. [00:09:24] Host Ryan Peterson: It's been fun as always Bo and we've learned a few things about real estate this week until next time. This is Ryan Peterson with Bo Kaufman of Remax performance Realty, reminding you that you're never alone when you're buying or selling a home, as long as you tune in to the next episode of Winnipeg's real estate podcast, take care. [00:09:41] Bo Kauffmann - REALTOR: All right. Take care. Byebye Ryan. I hope you've enjoyed listening to this episode as much as I've enjoyed creating it. Cause I really do love. If you found the information helpful, why not download my free podcasting app? That way you never missed another episode and I've made it super simple too. Just go to Boknows.homes/apps. That's A P PS available for apple and Android devices. And finally, please give this podcast a five star rating again. We've made it super simple. Just go to love the podcast.com/boknows. Thank you so much for listening. Let's do this again next week. I. You've been listening to Bo Kauffmann of Remax performance Realty. Are you thinking of buying or selling a house or a condo in Winnipeg? Call Bo at (204) 333-2202. Remember Bo knows real estate.

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Our Cyber Future in 2030: Will The Livin' Be Easy?

Play Episode Listen Later May 4, 2022 60:00

Looking ahead to 2030: How will we work? How will we get around? What will we eat? How will we dress? How safe will our privacy be? Will we all be space travelers? What old and new challenges will we face? The Buzz 1: The top seven emerging future technology booms that will redefine the future and the world we live in by 2030: More AI companies. Growth of self-driving cars. More robots doing manufacturing jobs. Smart clothing embedded with Bluetooth chips. Space elevators. Pervasive cloud computing. Growth in the augmented, virtual, and mixed reality optics and display markets. [unboxingstartups.com/7-emerging-technologies-that-will-revolutionize-the-world-by-2030] The Buzz 2: Advanced farming will tell us exactly where our food is coming from. On-demand ecosystem of vehicles with different form factors. Almost every occupation will still have tasks machines will find very difficult to do. [www.bosch.com/stories/vision-2030] We'll ask Rik Ferguson at Trend Micro, Colin Dunn at Fend Incorporated, Jon Clay at Trend Micro and Mike Schroeder at 3 Territory Solutions for their take on Our Cyber Future In 2030: Will The Livin' Be Easy?

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Our Cyber Future in 2030: Will The Livin' Be Easy?

Play Episode Listen Later May 4, 2022 56:16

Looking ahead to 2030: How will we work? How will we get around? What will we eat? How will we dress? How safe will our privacy be? Will we all be space travelers? What old and new challenges will we face? The Buzz 1: The top seven emerging future technology booms that will redefine the future and the world we live in by 2030: More AI companies. Growth of self-driving cars. More robots doing manufacturing jobs. Smart clothing embedded with Bluetooth chips. Space elevators. Pervasive cloud computing. Growth in the augmented, virtual, and mixed reality optics and display markets. [unboxingstartups.com/7-emerging-technologies-that-will-revolutionize-the-world-by-2030] The Buzz 2: Advanced farming will tell us exactly where our food is coming from. On-demand ecosystem of vehicles with different form factors. Almost every occupation will still have tasks machines will find very difficult to do. [www.bosch.com/stories/vision-2030] We'll ask Rik Ferguson at Trend Micro, Colin Dunn at Fend Incorporated, Jon Clay at Trend Micro and Mike Schroeder at 3 Territory Solutions for their take on Our Cyber Future In 2030: Will The Livin' Be Easy?

business technology growth space radio smart buzz cyber bluetooth livin voiceamerica pervasive trend micro be easy internet talk radio more ai bonnie graham mike schroeder rik ferguson jon clay

Our Cyber Future in 2030: Will The Livin' Be Easy?

Play Episode Listen Later May 4, 2022 56:16

Looking ahead to 2030: How will we work? How will we get around? What will we eat? How will we dress? How safe will our privacy be? Will we all be space travelers? What old and new challenges will we face? The Buzz 1: The top seven emerging future technology booms that will redefine the future and the world we live in by 2030: More AI companies. Growth of self-driving cars. More robots doing manufacturing jobs. Smart clothing embedded with Bluetooth chips. Space elevators. Pervasive cloud computing. Growth in the augmented, virtual, and mixed reality optics and display markets. [unboxingstartups.com/7-emerging-technologies-that-will-revolutionize-the-world-by-2030] The Buzz 2: Advanced farming will tell us exactly where our food is coming from. On-demand ecosystem of vehicles with different form factors. Almost every occupation will still have tasks machines will find very difficult to do. [www.bosch.com/stories/vision-2030] We'll ask Rik Ferguson at Trend Micro, Colin Dunn at Fend Incorporated, Jon Clay at Trend Micro and Mike Schroeder at 3 Territory Solutions for their take on Our Cyber Future In 2030: Will The Livin' Be Easy?

business technology growth space radio smart buzz cyber bluetooth livin voiceamerica pervasive trend micro be easy internet talk radio more ai bonnie graham mike schroeder rik ferguson jon clay

(EP: 165) Proposed Federal Budget Discussion

Play Episode Listen Later Apr 25, 2022 11:23

Fed Budget Discussions [00:00:00] Bo Kauffmann - REALTOR: Let's separate fact from fiction about the upcoming federal budget proposal. That's coming up next to Winnipeg's real estate podcast. [00:00:26] Hello, everybody I'm Bo Kauffmann Remax performance Realty with another episode of Winnipeg's real estate podcast. You know, the real estate market is super hot, so naturally everybody thinks that that's a good thing for all real estate agents. And it's just a wonderful thing. Well, it's not a great thing because it's, so one-sided the only one who really benefits is anybody who wants to sell their house and not buy another one. [00:00:48] So if you're retiring and we're gonna move into an apartment, this is a great time for you. But for buyers and especially first time buyers, it's not a great time. Houses are selling for not only 60, 80, a hundred thousand dollars above asking, but they're selling for 80,000, a hundred thousand dollars over what they would have sold last year. [00:01:07] So if you're a first time buyer you're struggling, it's a, it's a tough time to get into the housing market. So naturally the federal government is going to step in and fix this issue for us with some of their proposals. So I had a friend call me last week and say, Hey, I heard that the blind bidding is coming to an end, the federal government's going to outlaw it. [00:01:25] And I had to kind of look it up and see what they were talking about. And it's part of their proposed budget is that they are looking for a way. To make this whole process of house purchasing more fair. So let's take a second here and talk to somebody who knows a lot more about this, somebody who is in the financial game, and that is Mike Schroeder of mortgage architects. [00:01:50] Let's give him a call. [00:01:55] Mike Schroeder - Mortgage Architects: Good morning. Hey Mike, how are you doing it's Bo Mike Schroeder - Mortgage Architects: Excellent. Bo Kauffmann - REALTOR: I thought I thought today we'd talk about the proposed budget. Because about a week ago, a relative of mine called me and said, Hey, have you heard that blind bidding and sealed bids are a way of the past are going away? And I'm saying. No, actually, I haven't heard that's so I had to look into it and that's one of the proposals that the government, the federal government would like to do away with, uh, to put it in perspective and to put some history behind it is when you put your house up for sale right now in most provinces, you can put it up for sale and then buyers enter bids that are private and sealed and only the seller gets to open them. Well, what, what can happen is somebody, the winning bidder can overshoot all the other bids by quite a bit great for the seller. Um, but you know, the federal government says, Hey, we don't like this. So they, you know, Talked about maybe finding a way to put an end to it. [00:02:57] The problem is these real estate laws are set provincially in the federal government has very little authority. They can try and work with the provinces on this stuff. Uh, but so far from what I've heard, the provinces had told the federal government to go pound sand So, um, I know there's a lot of rumors out there. [00:03:15] There's a lot of, uh, things that we might be doing, but it's not even voted on yet. So, Mike, what have you heard and what do you take away from this proposed budget? Well, let's start [00:03:25] Mike Schroeder - Mortgage Architects: with, what's actually been talked about details. So the first one is actually a proposal. I like it's called the tax-free first home savings account. [00:03:35] So most people are familiar with the fact that you put money into your RRSPs. You can take money out of your RRSP's. For the first time home buyer, they catch of course is that you have to put the money back into your RSP for the next 15 years. Okay. Well, most people are also familiar with the tax-free savings account. [00:03:54] You put money in there and it grows tax-free. You could pull it out. Penalty free. Well, what this product does is actually combines both of those things together. You can put your money into this account. It is tax deductible, meaning it lowers your taxable income tax return at the end of the year. Right? But now you can pull money out of the tax free for your first time buying a house. [00:04:18] And the best part is you don't have to replace it. [00:04:21] Bo Kauffmann - REALTOR: That's right, because, um, I, I think we glossed over it that the TSA, the tax-free savings account, your money grows in their tax-free, but it's after tax dollars that you put in, correct. [00:04:34] Mike Schroeder - Mortgage Architects: Well, it's not tax deductible. That is tax deductible. [00:04:41] Bo Kauffmann - REALTOR: So that if that passes, that would be an awesome thing. Is there what's the limitation or what's the limits on that? How much can anybody put in there per year in Israel? [00:04:50] Mike Schroeder - Mortgage Architects: So the proposed limit right now is $8,000 per person. And there's no limit for household. So husband, wife, maybe adult children in the house, um, siblings down and whatnot can all contribute together. [00:05:01] So $8,000 per year per person, and up to a total lifetime limit for individual of $40,000. [00:05:10] Bo Kauffmann - REALTOR: Okay. So husband and wife or boyfriend, girlfriend, they start saving. They get engaged, married. Then they buy a house. They could have up to 40,000, which has been tax deducted throughout the years. So that's, that's, that's an awesome benefit. And then they can put $80,000 towards the house and that's, they, they can take it out without having to pay income tax on them. Exactly. [00:05:38] Mike Schroeder - Mortgage Architects: Consider it another benefit for friends with benefits. [00:05:41] Bo Kauffmann - REALTOR: Excellent. That, that would be a good thing. What else have they proposed? [00:05:46] Mike Schroeder - Mortgage Architects: So now it's easy to forget is that when you're a first time home buyer you get a tax credit which lowers your taxable income. Um, so the current credit is $5,000. Now that doesn't mean you get $5,000. That means a lower your tax bill by five grand. [00:06:04] They're increasing that from 5,000 to 10,000. So it doesn't actually help you get into a house limited. It takes away some of this thing at tax time as you buy that first home, that would be good. [00:06:12] Bo Kauffmann - REALTOR: Yeah. Okay. That's another good proposal. Anything else? Uh, that they've said that, that you like, or don't. [00:06:20] Mike Schroeder - Mortgage Architects: Well, one of the things that I'm interested in and mostly from the side of unintended consequences, is there a talking about some sort of ban on foreign ownership? I guess that leaves the question of defining foreign ownership, right? Is that someone who's new to Canada? Does that mean a refugee, a student and immigrants? We don't know. This is simply a big proposal and so. [00:06:44] Bo Kauffmann - REALTOR: Well, yeah, exactly. I'm thinking back on somebody, I don't know, six, eight years ago somebody called me or emailed me, hi, I am the, uh, um, finance minister for, and then this is African nation. And of course you get these emails, please send me money, you know? Um, but no, this really was the finance minister. [00:07:03] He came to Canada and he bought a condo for his daughters to go to school. So would that be considered foreign? He doesn't live here, but his daughters go to school here and they have a place to live. So if, if that's the kind of a thing that they are proposing to stop, that probably wouldn't be a good, it would not be a good thing. [00:07:20] But, um, yeah, it's, it's the federal government, right? They, they kind of have their fingers in everybody's in everybody's business and sometimes it's not a good idea. [00:07:29] Mike Schroeder - Mortgage Architects: One of the additions supposedly set up might not apply to students, but then does that apply to the student, gets to get to know payments. So I don't want to speculate you on some things that we don't know about. It's just not worth our time to do so. [00:07:37] Bo Kauffmann - REALTOR: What about interest rates? Hey, I just heard that they talking about another hike in June. [00:07:45] Mike Schroeder - Mortgage Architects: So that's the speculation right now. I can tell you on the fixed rates that ever since the government announced, I want to say it was yesterday, uh, where the inflation rate is that right now, um, that caused the bond market to spike, which raised the by fixed rates. [00:07:59] And so we're now seeing five-year fixed rates of at least 4% while some lenders don't need a little bit higher. Okay. Uh, variable rates are still considerably lower than the fixed, but you're right. The federal government has said they may increase the overnight rate in June. So that's definitely watch for, uh, for a lot of reasons. [00:08:17] I still think variable is a better choice than fixed, but at the end of the day, that's a personalized conversation that we need to have with people want to know the mortgage nature. Then you understand the risks and benefits of that. [00:08:27] Bo Kauffmann - REALTOR: Gauging their comfort level and, and their, you know, what, what they know their future to be. [00:08:33] If they know it. So what our open rates right now are variable rates. [00:08:39] Mike Schroeder - Mortgage Architects: So it's a fixed range, about 4%,…… variable rates around about two, 2.1%. So there's still a gap right now between the two. Um, and that gap isn't, uh, isn't narrowing at all is the fixed rates to Nicholas. [00:08:50] Bo Kauffmann - REALTOR: Yeah. It's just to put that in perspective, if there's a 2% difference, if you've got a $400,000 mortgage, 2%, that's $8,000 a year. [00:09:00] Right. So divided by 12 that's what does that? 680 something like that. $675 per month difference. That's huge. [00:09:10] Mike Schroeder - Mortgage Architects: Well, don't forget as well that the higher the interest rates, the more you're paying the lesser paying towards principle, right? So one of the benefits of home ownership is principle reduction. [00:09:19] Every time you make that payment, you are lowering the amount of money, all the house, and therefore you are increasing your equity. If you have a lower interest rate, you're building equity that much now. [00:09:29] Bo Kauffmann - REALTOR: Okay. All right. Well, Mike, thanks a lot. Hey, listen. Um, you had another topic in mind that maybe we'll talk about in two weeks from now, and that is new. [00:09:39] Mike Schroeder - Mortgage Architects: Correct. And so there's a number of programs and principles in place to help people who are recent immigrants to Canada, uh, getting the homeownership will be easier. And so these are the things that those, if we don't know about. And so that's something we thought would cover in the future. [00:09:51] Bo Kauffmann - REALTOR: Okay, good. [00:09:52] Well, look forward to that again. So, uh, thanks for coming on the show, Mike, and, uh, uh, it was, it's an interesting subject and I appreciate your time.

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(EP: 165) Proposed Federal Budget - Impact on Real Estate in Canada

Play Episode Listen Later Apr 25, 2022 11:22

Fed Budget Discussions [00:00:00] Bo Kauffmann - REALTOR: Let's separate fact from fiction about the upcoming federal budget proposal. That's coming up next to Winnipeg's real estate podcast. [00:00:26] Hello, everybody I'm Bo Kauffmann Remax performance Realty with another episode of Winnipeg's real estate podcast. You know, the real estate market is super hot, so naturally everybody thinks that that's a good thing for all real estate agents. And it's just a wonderful thing. Well, it's not a great thing because it's, so one-sided the only one who really benefits is anybody who wants to sell their house and not buy another one. [00:00:48] So if you're retiring and we're gonna move into an apartment, this is a great time for you. But for buyers and especially first time buyers, it's not a great time. Houses are selling for not only 60, 80, a hundred thousand dollars above asking, but they're selling for 80,000, a hundred thousand dollars over what they would have sold last year. [00:01:07] So if you're a first time buyer you're struggling, it's a, it's a tough time to get into the housing market. So naturally the federal government is going to step in and fix this issue for us with some of their proposals. So I had a friend call me last week and say, Hey, I heard that the blind bidding is coming to an end, the federal government's going to outlaw it. [00:01:25] And I had to kind of look it up and see what they were talking about. And it's part of their proposed budget is that they are looking for a way. To make this whole process of house purchasing more fair. So let's take a second here and talk to somebody who knows a lot more about this, somebody who is in the financial game, and that is Mike Schroeder of mortgage architects. [00:01:50] Let's give him a call. [00:01:55] Mike Schroeder - Mortgage Architects: Good morning. Hey Mike, how are you doing it's Bo Mike Schroeder - Mortgage Architects: Excellent. Bo Kauffmann - REALTOR: I thought I thought today we'd talk about the proposed budget. Because about a week ago, a relative of mine called me and said, Hey, have you heard that blind bidding and sealed bids are a way of the past are going away? And I'm saying. No, actually, I haven't heard that's so I had to look into it and that's one of the proposals that the government, the federal government would like to do away with, uh, to put it in perspective and to put some history behind it is when you put your house up for sale right now in most provinces, you can put it up for sale and then buyers enter bids that are private and sealed and only the seller gets to open them. Well, what, what can happen is somebody, the winning bidder can overshoot all the other bids by quite a bit great for the seller. Um, but you know, the federal government says, Hey, we don't like this. So they, you know, Talked about maybe finding a way to put an end to it. [00:02:57] The problem is these real estate laws are set provincially in the federal government has very little authority. They can try and work with the provinces on this stuff. Uh, but so far from what I've heard, the provinces had told the federal government to go pound sand So, um, I know there's a lot of rumors out there. [00:03:15] There's a lot of, uh, things that we might be doing, but it's not even voted on yet. So, Mike, what have you heard and what do you take away from this proposed budget? Well, let's start [00:03:25] Mike Schroeder - Mortgage Architects: with, what's actually been talked about details. So the first one is actually a proposal. I like it's called the tax-free first home savings account. [00:03:35] So most people are familiar with the fact that you put money into your RRSPs. You can take money out of your RRSP's. For the first time home buyer, they catch of course is that you have to put the money back into your RSP for the next 15 years. Okay. Well, most people are also familiar with the tax-free savings account. [00:03:54] You put...

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CashBack Mortgages - Benefits and drawbacks

Play Episode Listen Later Apr 11, 2022 8:41

What are Cash-Back Mortgages? Whats the catch, and how do they help? Interview with Mike Schroeder of Mortgage Architects How much is your Home Worth? Home values are on the rise with the low inventory of housing on the market! That makes it an excellent time to sell right now. Contact ❤️

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(EP: 163) Cashback Mortgages - Benefits and Drawbacks

Play Episode Listen Later Apr 11, 2022 8:40

What are Cash-Back Mortgages? Whats the catch, and how do they help? Interview with Mike Schroeder of Mortgage Architects

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(EP: 161) Home Buyer Tips & Etiquette - How to make showings more fun

Play Episode Listen Later Mar 28, 2022 12:26

Home Buyer Tips & Etiquette [00:00:00] BoKauffmann-REALTOR: Let's talk about tips and home buying etiquette. On this episode of Winnipeg's real estate podcast, All right. Welcome to this episode of Winnipeg's real estate podcast. Today, we're going to talk about some tips and etiquette for home buyers to follow. What do I mean by that? So you're looking at houses and likely on a Saturday afternoon, let's say you're going to go out and look at four or five houses back to back with your agent. We call that a home viewing tour. And today we're going to talk about tips to make that, that whole tour go a little smoother, a little less troublesome just make the whole experience a little bit better for you. But also some etiquette and some rules to follow. Because as a buyer in this hot sellers market, you want to stand out for the great offer you make, not for the rules. Your break sounds like a song in there. So let's we're going to break this episode down into three different sections. The first one is going to be what to bring and where during these home showings, second one is going to be what not to bring what not to do. And the third one is how to act in sponsor inside the house. So let's go. All right. So remember it says, like, let's say a Saturday afternoon, you gotta look at four or five houses in a row. And this first tip is really helpful in the winter wear comfortable shoes you can slip on and off. If you've got these big mukluks that tie up halfway to your knee, you'll spend a lot of time taking them off and putting them back on from going from one showing to the next. So we're comfortable. Slip-on shoes next, bring a pen and pad. Now each listing will probably have a listing sheet waiting for you so you can grab that, but there's always going to be questions or things that aren't on there that you might want to mark down for yourself. If you're looking at five houses in a row, it's easy to get them. You know, you end up forgetting which one needed the new bathroom upgrader, which one had the really ugly floor here or there. So it's good to mark that down. So bring your own pants. And last bring a mask and sanitizer. Yes. COVID is still a thing. I remember you going into other people's houses. So we are still expected to wear masks because people live there and there's showings after us. So once inside you're going to be touching the fridge. You're going to be touching doorknobs, closets, stuff like that. Plus there was people there before us, so you might want to sanitize going in and coming out up next. We're going to talk about what. We'll be right back after this short announcement. This episode of Winnipeg's real estate podcast is sponsored by urban top code, paint and design. Bring in quality fine finishes to your home. Whether you're planning to sell, have just settled in or looking for a robust color refresh urban top code, paint and design has your home covered. There's quality in their hands and they leave it in their work call. Rob white today at 2 0 4 7 9 1 8 0 2 4. All right. So let's start with some of the things that not to do. Leave the food and the and the drinks in the car. Let's say you picked up a cup of coffee on the way to your showings or a sandwich or a banner, a hoagie. Leave those in the car. Don't bring food into somebody else's house. As I can hear the eyeballs rolling. Oh my God. Bowl where you're telling us that it's because it's been done and then coffee gets spilled and it, it's not, it's not a good thing. Next is keep the the viewing group. Now if you're a young couple chances are you want your parents' approval, maybe they're even putting money in for the down payment. They're definitely want, want to have a look at the house. And I encourage that. In fact, if we're looking at 20 houses, I would encourage that you bring all decision-makers to as many of their showings as possible. Because the last thing we want to do is get into a situation where we looked at 20. You like one and you bring your parents back for like an approval and they haven't seen the other 19 and they go, oh my God, this house is 400,000 no way. Well, it's a good thing to have them along for the other viewings as well, so that they get a sense for the market. Having said that if you're a young. You likely have two sets of parents. Maybe you have an uncle that's knowledgeable in construction, and you want to bring your sister along for approval too. Before you know, it there's eight or 10 of us going into a showing. And that becomes unmanageable. You see your agent is responsible for that house for the entire time that you're in there. And ideally your agent will keep the whole group. That way when, when the homeowner complains that something's damaged or something's missing, your agent can honestly say, well, look, my whole group, I was with them the entire time. So you can imagine if there's eight of us and two people go up to the second floor to go into the basement. Obviously you lose control of that situation. Bring the decision-makers, but keep it as small as. In fact, during the height of COVID, there were many listings, which specifically said only three people into the house at any one time. That is the buying couple and their agent period. They weren't allowing kids in. Now, some of these things have changed and some of the rules have relaxed. There's still a limit. So keep the groups manageable which brings us to the next one, leave the kids. Look, let's talk, honestly, here, your three-year-old is not going to decide whether or not you liked the house. Maybe the, maybe your, your boy or your girl hate the house. You still going to buy it. So when you have one or two kids along, it is just another pair of shoes to put on and take off. It's another hand to hold onto because you do have to keep control of your child. And if you go into a bedroom like a sellers, child's bedroom, there's toys there. Guess what your kid wants to. And they can't children want to jump on furniture or jump on beds. And every time you say no, they start getting a little, little less interested in looking at more houses because they can't go play in these things anyway. So I've had situations whereby the third showing by the third. One of the parents had to stay in the car with a three-year-old while the other parent came, looked at the house and had a quick, you know, a quick look and then went and tagged off so that the second parent can come look at the house. Very cumbersome. It interrupts the whole flow and interrupts the showing best. Leave the kiddos at home with a sitter, with a parent, with a neighbor. And if. Hey, make me the bad guy. Just tell him the agent won't and the agent doesn't allow it, but it makes for a whole better viewing experience. Funny story here while it's funny. Now it wasn't at the time I had a listing up in Amber trail, so I was representing the. And an agent called to book showing. Now I don't meet the agent. I certainly don't know who his buyers are, but they booked a showing for let's say a Saturday, two o'clock. So my sellers leave the house. The agent goes in, my sellers came home at a reasonable time, like almost 45 minutes later, but the people were still inside. So my sellers hung back. They stayed in their car and they watched everybody come out. So after it was all done, my sellers called me and said, The front door opened, the agent comes out and after that, it was like a, like a circus clown car, about 10 or 11 people came out to make matters worse. The seller goes inside and finds that somebody has been laying on their bed, on their marital bed. You, you don't do that. So I call the agent, the buyer's agent expecting that maybe the kids had jumped on the bed, turns out no one of the uncles thought it was a good idea to lay down on, on somebody else's. So again, keep groups small, keep the kids at home and it makes for a better viewing time, better showing time all around and last we can have time be on time because I'm showing times are limited. So if you've got a, a showing window from 10 till 10 30, that's your entire window. So if you only show up at 10 15, you're only hurting yourself. You're cutting back. You're showing by 15 minutes because at 10 30, somebody else will be knocking on the door and wanting to come in. So. Keep, keep the group small. And when we come back, we'll talk about what we can and can't do inside the house. We'll be right back after this short announcement. This episode of Winnipeg's real estate podcast is sponsored by Mike Schroeder of mortgage architects. If you are serious about buying a home, then contacting a mortgage specialist is an important. Mike and explain your options and let you know exactly what you can afford. This will save you time by making sure you are shopping within your budget. Call Mike Schroeder today at (204) 229-3214. All right. So now we've entered the house. Hopefully we're the only ones in there. You and your agent. First thing to do, definitely take shoes off unless the house is a, an entire like something that has to be torn down. Keep your shoes. If you have to, perhaps the basement is unfinished, it's got concrete floor. Yes. You can carry them up to the basement and walk down there. But throughout the house, definitely keep your shoes off. So in the summertime, it's a good idea. Especially ladies, if you wear slippers or something like that, and you take them off, all of a sudden, now you've got bare feet. You're walking on hardwood floors and you're leaving your sweaty footprints on somebody else's. So you might want to take some, some socks that you. Next, once you inside the house, everything that's included in the listing is fair game. So you can open the fridge, open the stove check inside, check inside the dishwasher. If the washer dryer are included. Absolutely. You can open them open cupboards doors, kitchen drawers, stuff like that. Just not dresser drawers. Don't jump on the bed. Don't open night tables, that kind of thing. Just stuff that is included in the. As mentioned earlier, keep control of the kids and avoid toilet use. Now I understand that emergencies to happen. For example, you've got a pregnant lady and it's just, you know, you just have, you got to go when you got to go, but sellers really frowned upon somebody using their toilet and then heaven forbid, Lea leave it messy again. It's happened. Try and make a pit stop in between the showings or do everything you need to do before they're showing. But toilet use is frowned upon. Same with washing your hands. Of course, if you've used the toilet, please wash your hands. But other than not just using the, using the facilities in any way is not a cool thing. And lastly, it's always a good idea to leave the house in exactly the same condition as the way you found it. If you walk into a room and the light was off and you turn it on, please turn it off. Opening closet doors, please close them again. I've had sellers quite upset that when they came home, all the closets were left open. So please just leave the house exactly the way you found it. Well, I hope you found these tips helpful, make your next showing tour or viewing tour a little bit less stressful. Cause it is a stressful market to begin with. And like I said, you want your offer to stand out. You don't want your actions to mark us somebody, the seller doesn't want to do this. Checkout Winnipeg's real estate podcast with weekly market updates, news and advice for home buyers and sellers produced by award-winning agent Bo Kauffmann of Remax performance Realty available on all major broadcasters, including iTunes, Spotify, iHeartRadio, and more. Find them at Bono's dot Holmes slash podcast. Missing an episode could be hazardous. Are you looking to buy a house or a condo in Winnipeg work with the agent who takes the time to explain the process to you, guiding you through every step for service beyond the sale book, your home buying consultation with Bo Kauffmann of Remax performance today, Bo knows real estate.

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EP 160 - Documents Needed For Home Buyer Pre-Approval

Play Episode Listen Later Mar 25, 2022 10:45

Documents needed for Home Buyer Pre-Approval [00:00:00] Bo Kauffmann - REALTOR: In any hot real estate market buyers know they need to get pre-approved before even looking at homes. So how do we streamline that process? That's coming up next on Winnipeg's real estate podcast. [00:00:13] Mike Schroeder - Mortgage Architects: You're listening to the bone knows real estate podcast tips and advice for home buyers, sellers, and owners with award winning Remax agent Beau Kaufman. [00:00:28] Bo Kauffmann - REALTOR: Hello, everybody bought Kaufman here, Remax performance Realty. And today we're talking about pre-approval. Now that's been around for awhile buyers. These days know that they need to get pre-approved by the way, pre-approval is different than pre-qualification. When a buyer goes up to a bank teller and says, Hey, I make 60 grand a year. How much of a mortgage can I afford? Can you plug those numbers in? And the teller gives them. That's pre qualification. That's not what we're looking for. We need something a lot deeper than that. We need something where they do a bit of a dive into your financial abilities to financial history, your credit rating. And that's called a pre-approval. Now, depending on who you're dealing with or pre-approval. Take just a few hours or it could take days. A lot of times it depends on the financial institution you're dealing with, but it can also be helped. Like the process can be sped up by you, the buyer being ready for the questions they're going to answer, because no matter where you go, they're going to need a number of documents from you. And today we're going to talk to my good buddy Mike Schroeder of mortgage architects. And he's going to give us a list of documents that you, the buyer have to have. So you, you may as well spend the time to dig them out, have them ready and really impressed the hell out of them when they ask for those documents and you say, Hey, I've got everything ready in a file here for you. I'll email it to you. A lot of times that pre-approval process can be cut down to a mere hours. So here we are, help me in welcoming Mike Schroeder to the show. All right, Mike, welcome back to the show. [00:01:53] Mike Schroeder - Mortgage Architects: Good morning, Bob, how are you doing today? [00:01:55] Bo Kauffmann - REALTOR: Excellent. Excellent. How are you? Are you [00:01:57] Mike Schroeder - Mortgage Architects: busy? Oh man. This has been great. All everyone's buying and selling homes you say? So it's been [00:02:02] Bo Kauffmann - REALTOR: crazy. Okay. All right. So we're talking about what a buyer can do to kind of shorten that whole pre-approval process and they can, as quick as possible some of the documents that they need, that your you and other lenders are likely going to ask them for. So let's start with that. What, what do buyers need to provide to get pre. [00:02:21] Mike Schroeder - Mortgage Architects: Sure. So we can break the documents down to three different categories. We have to show how much money you make. So your income, we have to cover your down payment and we have to go over your credit. So let's start at the beginning of that first question of course would be, would be, are you employed or are you self employed? If you're employed at the company that really, we need the last pace. Have you received your last two years of G4S? If you've been the employer that long, that will give us a good establishment on Granger. Don't forget if you're receiving the Canadian child benefits that many lenders will also accept that as a valid thing. Now, if you're self-employed, we need to get your last two years and they've been tax returns. One of the easiest way of getting those tax returns is to contact your accountant because they have them all filed away for you. So you really should have both either of those items ready to go when you're ready to get them. [00:03:14] Bo Kauffmann - REALTOR: Okay, quick question for you. I've heard people say that they need a letter from their employer. When does that come into effect? [00:03:20] Mike Schroeder - Mortgage Architects: Sure. So yes, we will need a letter from their employer, but I understand that sometimes employers are delayed in getting you there. If we have your teeth boards and your pay stub, that is enough to get the process started on your pre-approval. We can always ask for more documents later on, but at least we've got this process started. [00:03:37] Bo Kauffmann - REALTOR: It still, wouldn't be a bad idea for a buyer to just reach out to his employer and say, Hey, could you give me a quick letter? What is, what needs to be in there? You've been working here for X number of years. [00:03:44] Mike Schroeder - Mortgage Architects: Yeah. So when you're starting there, how you're paid, uh, whether you're on commission, whether you see bonuses, uh, whether or not you're on probation and, uh, someone of a lender can contact. If they want to, just to verify the information. [00:03:58] Bo Kauffmann - REALTOR: I'm talking in full. Okay, excellent. So that covers the income portion. Correct. [00:04:03] Mike Schroeder - Mortgage Architects: And so next would be down payment. So this one's a little bit trickier because the documents we need will really depend on whether you're down to humans coming from. So there's more, so here's some questions for you that. Is the money coming from money you've saved yourself. So that could be from an employer matched RSP or employer match tax-free savings account, maybe money you've been saving the bank philosophy months. The other question will be is if they're coming as a gift, so maybe you have a parent or a sibling or a grandparent who's gifting you money for a down payment. Well, that will change the documentation that as well. The other two factors will be that if any of the money's coming into modus, And lastly they, the money is being bored. So for down payment, more so just know where the money is coming from first. And then we can give you some more details on what people are working from there. [00:04:54] Bo Kauffmann - REALTOR: So people can actually borrow money for that 5% down payment, correct. [00:04:58] Mike Schroeder - Mortgage Architects: That most of them don't realize that, but you can actually bore it usually on like a, a line of credit or a short-term loan. And then that money can be used legally for a down payment, a. [00:05:10] Bo Kauffmann - REALTOR: But of course the payments that you make on that new loan will also affect how much you can afford on a house. Like it goes against your credit score. [00:05:17] Mike Schroeder - Mortgage Architects: Correct. And that's one reason why a lot of people often don't do it. Um, but it is an option for you. And we're really comes in handy is if you're short, say some of the down payment, so maybe you need $20,000 for down payment and you have 15, $16,000 saved up. You can make it the difference or that, and that can really help you in buying the house you want. [00:05:37] Bo Kauffmann - REALTOR: Okay. Cool. [00:05:41] Mike Schroeder - Mortgage Architects: We'll be right back after this short [00:05:43] Bo Kauffmann - REALTOR: announcement. [00:05:47] Mike Schroeder - Mortgage Architects: This episode of Winnipeg's real estate podcast is brought to you by total moving, providing, moving services, packing supplies, assembly, and organizing for residential and commercial clients guaranteeing no hidden fees while providing the most efficient moving process. Call 4, 3, 1 4 4 1 move. Or get an estimate online@totalmovingwinnipeg.ca that's total moving Metta. Toba is modern. [00:06:14] Bo Kauffmann - REALTOR: And we're back. And Mike is going to tell us about the last set of documents we need. [00:06:20] Mike Schroeder - Mortgage Architects: And then the last one will be the credit report. So all we need to do is a pull. A credit report is the information you provide anyways, accurate standard Bersin number. But here's the key. We find that about quarter of all Clara reports have errors, and we want to pull your credit as early as we can. I'm not making this up last month. We had a client who they had combined his credit report with Jim or with a similar name from Vancouver. They now said that he was responsible for it $900 a month car payment, which you can imagine affect how much has been pre-approved for it. Right? So fortunately we have a contact at the credit agency where we can go and repair and we can actually help correct those items for you with no cost. And so just wanted to keep might as additional services we offer is making sure that your credit report is actually. [00:07:05] Bo Kauffmann - REALTOR: No in that case, how long did it take to repair that? [00:07:08] Mike Schroeder - Mortgage Architects: I took a couple of [00:07:09] Bo Kauffmann - REALTOR: weeks. Okay. I've heard stories that it can take, sometimes it can take months. Is that, is that true? Like for different kinds of [00:07:17] Mike Schroeder - Mortgage Architects: issues, it can sometimes take longer. What is nice though, is that as mortgage brokers, we actually have access to a backend, uh, contact method through Equifax. And so we can use escalate the matter yet. Correct. And more quickly than clients could have they just called. [00:07:33] Bo Kauffmann - REALTOR: Okay. So, um, it being pre-approved one of the benefits is that you lock in that mortgage rate, which of course now there's a good threat of it going up. Right. So how long can you lock it [00:07:43] Mike Schroeder - Mortgage Architects: in for, uh, between 90 and 120 days, depending on the lender. So call between three and four months. [00:07:50] Bo Kauffmann - REALTOR: Okay. Awesome. Um, yeah, it's only gone up a quarter point, but the chance of it going up another quarter point in the next three to four months is pretty real, right. Well, [00:08:00] Mike Schroeder - Mortgage Architects: don't forget the, even though the variable rate just went up by a little bit, our fixed rates have been going up by a lot. Um, so just to give you an example, I had a client that I got approved for a mortgage purchase two weeks ago, and they got approved at 2.99%. They're taking possession of their house tomorrow. If they had got their, their approval tomorrow, their rate would have been 3.3%. It's gone up by 0.3 on the fixed side in two weeks. And so you want to get that information. You can get that rate locked in. Some, give you may office in care. [00:08:31] Bo Kauffmann - REALTOR: Okay. And how do people get ahold of you make [00:08:33] Mike Schroeder - Mortgage Architects: sure? So one of the best ways is to my website, like sure. Dot CA uh, you also book an appoint with me. You know, my knowledge is mortgage@likeshorter.ca. You can also find us on Facebook and Instagram and in businesses by this partner is my wife. And we know these are mortgage couple on social. [00:08:49] Bo Kauffmann - REALTOR: You're a mortgage couple. Awesome. Okay, Mike, thank you very much. Some valuable information once again, and let's do this again in two weeks. What are we going to talk about that? Have you, have you thought about what we're going to do next? [00:09:01] Mike Schroeder - Mortgage Architects: Um, so the, the, the topic I was thinking would to bring up potentially would be other types of mortgages that people don't think about, uh, such as a home equity lines of credit interest, only payments, cash back mortgages. Uh there's uh, most people don't realize just how many options are out there. And so kind of give you some of the different mortgage products you can think about. It goes beyond the fixed versus variable compensation. [00:09:22] Bo Kauffmann - REALTOR: Sure. Yeah, that sounds, that sounds interesting. I, I think I can learn a lot there too. Again, it's been educational. Thank you very much for your time, Mike. No [00:09:30] Mike Schroeder - Mortgage Architects: problem. One last thing. There's no such thing as a stupid question for anyone out there, listening to this, always feel free to, they can reach out to us with any more questions. It's all been asked before and we're here to help guide you through it. So please no such thing as a dumb question, always ask. Thanks, Mike. [00:09:43] Bo Kauffmann - REALTOR: We'll talk to you soon. Take care. Bye-bye. [00:09:47] Are you looking to buy a house or a condo in Winnipeg work with the agent who takes the time to explain the process to you, guiding you through every step for service beyond the sale book, your home buying consultation with Bo Kaufman of Remax performance today Bo knows [00:10:01] Bo Kauffmann - REALTOR: real estate. Well, I hope you enjoyed this episode of Winnipeg's real estate podcast and found it helpful if you did, why not subscribe and get your own app? It's really easy. Just go to bono. Dodd homes slash apps. That's H P P S and there you'll find convenient links to get both the iOS and Android apps till next time. Bye-bye [00:10:26] You've been listening to Bo Kauffmann of Remax performance Realty. Are you thinking of buying or selling a house or a condo in Winnipeg called Bo at 2 0 4 3 3 3 2 2 0 2. Remember, Bo Knows Real Estate

(EP: 160) Documents Home Buyers Need For Pre-Approval

Play Episode Listen Later Mar 25, 2022 10:45

Documents needed for Home Buyer Pre-Approval [00:00:00] Bo Kauffmann - REALTOR: In any hot real estate market buyers know they need to get pre-approved before even looking at homes. So how do we streamline that process? That's coming up next on Winnipeg's real estate podcast. [00:00:13] Mike Schroeder - Mortgage Architects: You're listening to the bone knows real estate podcast tips and advice for home buyers, sellers, and owners with award winning Remax agent Beau Kaufman. [00:00:28] Bo Kauffmann - REALTOR: Hello, everybody bought Kaufman here, Remax performance Realty. And today we're talking about pre-approval. Now that's been around for awhile buyers. These days know that they need to get pre-approved by the way, pre-approval is different than pre-qualification. When a buyer goes up to a bank teller and says, Hey, I make 60 grand a year. How much of a mortgage can I afford? Can you plug those numbers in? And the teller gives them. That's pre qualification. That's not what we're looking for. We need something a lot deeper than that. We need something where they do a bit of a dive into your financial abilities to financial history, your credit rating. And that's called a pre-approval. Now, depending on who you're dealing with or pre-approval. Take just a few hours or it could take days. A lot of times it depends on the financial institution you're dealing with, but it can also be helped. Like the process can be sped up by you, the buyer being ready for the questions they're going to answer, because no matter where you go, they're going to need a number of documents from you. And today we're going to talk to my good buddy Mike Schroeder of mortgage architects. And he's going to give us a list of documents that you, the buyer have to have. So you, you may as well spend the time to dig them out, have them ready and really impressed the hell out of them when they ask for those documents and you say, Hey, I've got everything ready in a file here for you. I'll email it to you. A lot of times that pre-approval process can be cut down to a mere hours. So here we are, help me in welcoming Mike Schroeder to the show. All right, Mike, welcome back to the show. [00:01:53] Mike Schroeder - Mortgage Architects: Good morning, Bob, how are you doing today? [00:01:55] Bo Kauffmann - REALTOR: Excellent. Excellent. How are you? Are you [00:01:57] Mike Schroeder - Mortgage Architects: busy? Oh man. This has been great. All everyone's buying and selling homes you say? So it's been [00:02:02] Bo Kauffmann - REALTOR: crazy. Okay. All right. So we're talking about what a buyer can do to kind of shorten that whole pre-approval process and they can, as quick as possible some of the documents that they need, that your you and other lenders are likely going to ask them for. So let's start with that. What, what do buyers need to provide to get pre. [00:02:21] Mike Schroeder - Mortgage Architects: Sure. So we can break the documents down to three different categories. We have to show how much money you make. So your income, we have to cover your down payment and we have to go over your credit. So let's start at the beginning of that first question of course would be, would be, are you employed or are you self employed? If you're employed at the company that really, we need the last pace. Have you received your last two years of G4S? If you've been the employer that long, that will give us a good establishment on Granger. Don't forget if you're receiving the Canadian child benefits that many lenders will also accept that as a valid thing. Now, if you're self-employed, we need to get your last two years and they've been tax returns. One of the easiest way of getting those tax returns is to contact your accountant because they have them all filed away for you. So you really should have both either of those items ready to go when you're ready to get them. [00:03:14] Bo Kauffmann - REALTOR: Okay, quick question for you. I've heard people...

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(EP: 158) Helpful Tips For Home Buyers - Spring 2022

Play Episode Listen Later Mar 11, 2022 7:52

It's springtime, and Winnipeg home buyers are facing a very tough sellers market. How can first time buyers get a leg up in this highly competitive environment? Lets talk with mortgage expert, my friend Mike Schroeder of Mortgage Architects…next. Home buyers in Winnipeg are in a very tuff spot. Our spring market is normally very competitive. This is when buyers come out in large numbers, and end up competing on homes and even condos. This year they are facing 2 additional obstacles,: Lack of listings and rising interest rates. Normally at this time , we have around 1200 houses on the market. This morning, we have just over 400. Whats worse, is that over half of them are new listings, and will likely be sold in the next couple of days. Also, the headlines are shouting “Bank of Canada DOUBLES its interest rates”… adding more stress to the daily routines of home buyers. So I thought it was high time that we speak with someone who knows mortgages, knows how to help home buyers and can add some perspective to these issues. Let's say hellow to Mike Schroeder of Mortgage Architects in Winnipeg.

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(EP: 158) Helpful Tips For Home Buyers - Spring 2022 - Winnipeg Real Estate Market

3GDC Presents - 30 Minutes with a 3G

Play Episode Listen Later Mar 11, 2022 7:52

It's springtime, and Winnipeg home buyers are facing a very tough sellers market. How can first time buyers get a leg up in this highly competitive environment? Lets talk with mortgage expert, my friend Mike Schroeder of Mortgage Architects…next. Home buyers in Winnipeg are in a very tuff spot. Our spring market is normally very competitive. This is when buyers come out in large numbers, and end up competing on homes and even condos. This year they are facing 2 additional obstacles,: Lack of listings and rising interest rates. Normally at this time , we have around 1200 houses on the market. This morning, we have just over 400. Whats worse, is that over half of them are new listings, and will likely be sold in the next couple of days. Also, the headlines are shouting “Bank of Canada DOUBLES its interest rates”… adding more stress to the daily routines of home buyers. So I thought it was high time that we speak with someone who knows mortgages, knows how to help home buyers and can add some perspective to these issues Let's say hellow to Mike Schroeder of Mortgage Architects in Winnipeg.

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Episode XII - Mike Schroeder

Reddup Security Podcast

Play Episode Listen Later Aug 3, 2021 65:12

In this episode, we discuss romance novels and the engineering behind a really decent smoked meat. Also, white claws.

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Thirty Minutes with a 3G: Mike Schroeder of 3GDC

Play Episode Listen Later Aug 1, 2021 34:52

In this episode, we learn about Mike Schroeder's grandfather who had the opportunity to "sit out" the war from the comfort of the United States but instead went back to Europe to save his girlfriend, who later became his wife; their epic love story and journey spanned Europe, Asia and North America, with crucial intervention from diplomats in the Netherlands and Japan. It's no wonder that Mike teaches international studies as faculty of American University's School of International Service with this incredible background. Enjoy!

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Ep.14: Mike Schroeder, The Renaissance Man

Ep.1: In the Circle with Vito Glazers, Media Influencer

Play Episode Listen Later Jul 27, 2021 64:11

Very excited to share this new episode with Renaissance man Mike Schroeder! From revolutionizing the holistic medical practice coast to coast, to viewing the world from the top of Mount Kilimanjaro, to collecting a world class hand curated cellar of exquisite wines, is there any box left unchecked for this Renaissance mystery man? Tune in and find out the inter-workings of a true, carve your own path and do it in style kind of guy.. 007..I mean Mike Schroeder!! Mike Schroeder is a graduate of USC, receiving his undergraduate degree in history in 1979 and in law in 1982. Mike's formal involvement in politics started even before he transferred to USC. He ran for student body president at Cal-State Fullerton at the end of his freshman year and was the first freshman ever elected to that position in the Cal-State system. It is somewhat unusual that everything he has done in politics has been as an unpaid volunteer. His day job is working in alternative healthcare. He runs a company that provides malpractice insurance and other services to acupuncturists, naturopaths, chiropractors, and other alternative healthcare providers. He has extensive experience in presidential and statewide elections. He co-chaired several presidential campaigns in California, including Bush 41 in 1988 and 1992, Bob Dole in 1996, and Bush 43 in 2000. He was also the State Co-Chair and Political Director for Senator Ted Cruz during Senator Cruz's 2016 Presidential race. Mr. Schroeder has also served as political director of numerous California statewide campaigns. He served as a political director for Steve Poizner, a Republican, who was the California State Insurance Commissioner, in his campaign for Governor in 2010. He was the campaign chairman for Orange County District Attorney, Tony Rackauckas, for each of his campaigns since 1998. Mr. Schroeder has also served as Chairman of the California Republican Party and a Vice-Chairman of the Republican National Committee. He is the only living Republican Party Chairman who has never endorsed or voted for Arnold Schwarzenegger.Take a listen to this wonderful talk with a new and dear friend of mine and see your horizons expand, as your inspiration leaps forth hearing the possibilities that arise when leaning into the wind, and making life make time and space for the once in a lifetime experiences that we all deep down desire to dearly! Get out and make it happen!

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(EP: 152) March Market Update _ Mortgage Tips for Divorcing Couples

Revenue Above Replacement

Play Episode Listen Later Mar 18, 2021 14:39

Spring market has arrived in Winnipeg. Crazy bidding wars, shortage of homes all add up to bidding wars. Plus a call with Mike Schroeder of Mortgage Architects with tips for divorcing couples.

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Mike Schroeder

Play Episode Listen Later Mar 9, 2021 43:17

This week's episode features Mike Schroeder. Mike is a certified athletic trainer and Manager of Athletic Services at Athletico. Mike has a diverse background in the sports industry with work at the college, minor league, and professional levels across multiple sports. Mike and Brice discuss the athletic training profession, his career journey, current trends in the sports healthcare, and advice for those with career interests in the sports industry. You and find out more about Mike and Athletico at their website, www.athletico.com, on social media at @athleticopt, and to find out more about careers in athletic training check out @NATA1950.

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(EP: 150) Mortgage Rates, Crazy Market Stories

Play Episode Listen Later Feb 11, 2021 11:04

Here are some links in the show Latest Market Update in PDF format is at https://boknows.homes/marketpdf (https://boknows.homes/marketpdf) Mortgage specialist Mike Schroeder is at https://mikeschroeder.ca (https://mikeschroeder.ca)

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(EP: 150) Mortgage Rates update, Market stories

Play Episode Listen Later Feb 11, 2021 11:04

Here are some links in the show Latest Market Update in PDF format is at https://boknows.homes/marketpdf Mortgage specialist Mike Schroeder is at https://mikeschroeder.ca

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(EP: 147) January 2021 Real Estate Market Update - Mortgage Info

Play Episode Listen Later Jan 7, 2021 16:06

https://audio.winnipeghomefinder.com Call with Mike Schroeder of Mortgage Architects. email mortgage@mikeschroeder.ca Winnipeg Real Estate Market report, also available in PDF format check https://boknows.homes/pdf

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(EP: 147) Winnipeg Real Estate Market Update January 2021

Play Episode Listen Later Jan 7, 2021 16:05

https://audio.winnipeghomefinder.com (https://audio.winnipeghomefinder.com) Call with Mike Schroeder of Mortgage Architects. email mortgage@mikeschroeder.ca Winnipeg Real Estate Market report, also available in PDF format check https://boknows.homes/pdf

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Ep. 139 - Double Your Volume with Mike Schroeder

#thisisbrokering

Play Episode Listen Later Dec 22, 2020 45:06

A conversation on what it takes to level up!A healthy mindA healthy bodyA healthy business& healthy habitsIt's a far ranging conversation with a guy that motivates me! Hopefully you'll come away motivated as well.

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(EP: 142) Buying a home when 'New to Canada' - Money Saving Tips for Home Owners

Play Episode Listen Later Nov 26, 2020 17:26

ShowNotes at https://boknows.homes/142 (https://boknows.homes/142) Get our Free Podcast App, available for Apple & Android devices by going to https://boknows.homes/apps (boknows.homes/apps) In today's episode, Number 142, our main topic will be "Mortgage Options for Buyers who are New To Canada". We'll also touch on a few points on how to get your home ready to sell in the springtime, and talk about some home insurance options. As (hopefully) most of you know, I'm a professional real estate agent, specializing in helping home and condo buyers and sellers in the Winnipeg market area. Thats how I earn my living and I absolutely love what I do. I love interacting with people, explaining and teaching new things about real estate and home ownership, educating buyers and sellers in the process. Thats how this podcast was born. It's a labour of love, I dont charge for ad spots, or collect money from it directly. If I mention or promote a local business or service, it's because I have either used it myself, or recommended it to friends and family and have had great feedback. So if you find this podcast helpful, please download the free podcast app right to your phone. Its super easy, just go to boknows.homes/apps and you can chose from apple or android apps. This Week on the BlogWe're just entering the late fall of 2020, but if you're thinking of selling your home in the spring next year, NOW is the time to start planning. Call your agent now, to do a walk-thru and give you honest and direct feedback. THIS is the time for critical, unvarnished information on what you could do to maximize the selling price of your home. On Winnipeg's Real Estate Blog, there is a post of 6 things to do to prepare your home for that spring sale. Here is the link https://boknows.homes/b81b91c0 (https://boknows.homes/b81b91c0) Spotlight on Local BusinessIf you're buying a house or condo and getting a mortgage (most people are), you will be required to get property insurance. Banks, Credit Unions, mortgage brokers....won't matter who you deal with, if they are loaning you money to pay for the home, they will want their investment protected. My favourite property insurance company is RA Hughes Insurance, located in the Dominion Shopping centre at the foot of the Norwood Bridge. They are an insurance broker, meaning they deal with a variety of insurance companies, and can help you find the best fit for you. Owner Darcy Cook and his super friendly staff have been protecting your peace of mind, since 1929..... (well, actually Darcy isn't THAT old...but the company was started by his family.) Call Darcy at 204-837-1960 Their website is here https://boknows.homes/cc0d5fd0 (https://boknows.homes/cc0d5fd0) Phone Interview with Mike Schroeder of Mortgage ArchitectsToday we will talk with Mike about mortgage options for people who are 'New To Canada'. Landed Immigrants and other statuses. Money-Saving Tips for home ownersThe American Water Works Association Research Foundation conducted a study in 1999 and found that 27% of water is used in the toilet, 22% in the washer, 17% shower, 16% faucet and 14% lost thru leaks. New toilets , showerheads and cold water in washing machine will help reduce your costs. Final thoughts and linksI hope you've enjoyed listening to this podcast half as much as I enjoyed creating it. And I really do love it. So if you like receiving this information, here are a couple of things I'm asking you to do. Install the free podcast app, available for IOS and Android devices. I've made it super simple...on your phone, go to https://boknows.homes/apps (boknows.homes/apps) and you will get the option for your device's app store downloads. Another thing you can do is go visit THIS show on the web at https://boknows.homes/142 (boknows.homes/142) and see the show notes and all the links. Once there, you will also see the...

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(EP:142) Buying a house when 'New To Canada' - Money Saving Tips for Home Owners