House hunting season has officially begun, so I thought it would be a good idea to have an insider from the mortgage industry on the show to learn some tops tips on getting the lowest possible mortgage rate, whether you are looking for a new mortgage, or have one that you’ll need to renew soon.

In the interview, we also look at what else you should look for in a mortgage, in addition to just getting the lowest rate possible. In other words, what are the different clauses or contract terms that you should look out for, when getting a new mortgage, or renewing your existing one.

And, our industry insider and mortgage expert will tell us what sales and marketing tactics and tricks we should look out for from the banks and other mortgage providers.

Last but definitely not least, we discuss the pros and cons of the different ways that you can get your mortgage. For instance, do you use a mortgage broker? Do you go directly to a bank or credit union? Or do you just use one of the many mortgage comparison sites out there?

About the Guest: Sean Cooper

Sean is the bestselling author of the book, Burn Your Mortgage: The Simple, Powerful Path to Financial Freedom for Canadians. 

He bought his first house when he was only 27 in Toronto and paid off his mortgage in just 3 years by age 30.

These days, Sean’s helping others burn their mortgages too, as an independent mortgage broker.

Before we dive into the interview, Sean has offered to answer for free, any questions that you, the Build Wealth Canada listeners have.

I’ve set up a special page for him so all you have to do is go to buildwealthcanada.ca/sean, enter your email, and Sean will be in touch with you and will be able to answer any questions that you may have.

He’s a licensed mortgage broker too so I definitely also encourage you to reach out to him if you’re looking to get a new mortgage or if your mortgage is coming up for renewal, as at the very least he’ll be able to provide you with a short list of the best mortgages that he’s been able to find across all of Canada.

None of this costs you anything, and there’s no obligation to get your mortgage through him or use any of those suggested mortgages.

At the very least, you’ll get some good education on the top mortgages available in Canada, you’ll learn what to look for when choosing your next mortgage, and you can always decide later whether you’d like him to help you with the process, or if you want to do it all yourself. It doesn’t cost you anything regardless.

As a bonus, I’ll also email you the Mortgage Checklist, which is a guide on the top things to look for and consider when choosing a mortgage.

So, that link again to get in touch with Sean, get your questions answered, get the free mortgage checklist guide, and get that research on some of the best mortgage in Canada is buildwealthcanada.ca/sean.

A common problem that holds some Canadians back from paying the lowest possible fees in investing by becoming a DIY (do-it-yourself) investor, is that it does take a bit of learning and practice. Also since we’re not taught this in school, it can be intimidating.

Even those that aren't intimidated by it can at times become annoyed with all the manual administrative work that is required when it comes to being a DIY investor (myself included).

For example, whether you're a new or an experienced investor, you still have to go through the hassle of individually buying the ETFs on the exchange, doing the calculations to make sure you buy the right quantities, and rebalancing your portfolio periodically so that you don’t accidentally end up taking on too much risk.

You also have to keep tracking and checking when your dividends came in so that you can quickly invest them to maximize the compound growth in your portfolio.

This is why I’m really excited to have Brendan Lee Young from Passiv on the show along with Stephen Graham from Questrade, as they have teamed up to automate these time consuming and sometimes intimidating elements when it comes to managing and optimizing your own investment portfolio.

I’ve been using the tool very heavily myself, have integrated my wife and I’s entire investment portfolio with it, and I encourage you to try it for free as it will save you a ton of time (just like it has for me).

You can grab your free account over at buildwealthcanada.ca/passiv. I am absolutely hooked on using it, and it's great to see this kind of innovation taking place in Canada.

If you liked the episode sign up for free to receive all new episodes as they get released, news on giveaways, and the free guide on the Top 5 Personal Finance and Productivity Tools.