The Hidden Reason Your Renewal Just Got Worse | EP401

<p>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&#39;t — right when they need it most. In this episode, Kristina sits down with Mathieu &quot;Mat&quot; Fugere, a mortgage broker with 23 years in the business and owner of Fugere Mortgage in Milton, Ontario, to unpack what&#39;s really happening to buyers and homeowners right now.</p><p><br></p><p>Why falling appraisals are wiping out homeowners&#39; equity right at renewal</p><p>&gt; The &quot;mortgage slush fund&quot; trick to survive a renewal payment shock</p><p>&gt; How first-time buyers are actually saving their down payments</p><p>&gt; What the paperwork looks like for a gifted down payment from mom and dad</p><p>&gt; House hacking with a duplex or triplex to afford your first home</p><p>&gt; Financing a hobby farm, a rural property, or a short-term rental / Airbnb</p><p><br></p><p>Looking for mortgage help? Connect with Mat Fugere:</p><p>Website: <a href="https://www.mandmmortgages.ca" target="_blank" rel="noopener noreferer">https://www.mandmmortgages.ca</a></p><p><br></p><p>VIDEO SECTIONS &amp; TIMESTAMPS</p><p>0:00 – Intro</p><p>0:53 – Welcome Matt Fugere, 23-year mortgage broker</p><p>2:03 – Matt&#39;s family and life on the farm</p><p>5:40 – Financing rural properties and hobby farms</p><p>9:15 – First-time buyer down payment trends</p><p>11:21 – CMHC survey: gifts and inheritance as down payments</p><p>13:04 – The paperwork behind a gifted down payment</p><p>15:27 – Advice for buyers without financial help</p><p>17:21 – House hacking: duplexes and triplexes for first-time buyers</p><p>22:14 – Qualifying rental income for house-hack properties</p><p>24:10 – Renewal shock: slush funds and extended amortization</p><p>30:09 – Top 3 overlooked mortgage features</p><p>33:31 – Financing, managing, and investing in Airbnbs</p><p>41:16 – Final advice: cut car loans, talk to your broker early</p><p>46:44 – Outro</p><p><br></p><p>Watch on YouTube:</p><p><a href="https://youtube.com/kormendytrott" target="_blank" rel="noopener noreferer">https://youtube.com/kormendytrott</a></p><p>Listen on Spotify:</p><p><a href="https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k" target="_blank" rel="noopener noreferer">https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k</a></p><p><br></p><p>Linktree:</p><p><a href="https://linktr.ee/kormendytrott" target="_blank" rel="noopener noreferer">https://linktr.ee/kormendytrott</a></p><p><br></p><p>Instagram:</p><p><a href="https://instagram.com/kormendytrott" target="_blank" rel="noopener noreferer">https://instagram.com/kormendytrott</a></p><p><br></p><p>YouTube:</p><p><a href="https://youtube.com/kormendytrott" target="_blank" rel="noopener noreferer">https://youtube.com/kormendytrott</a></p><p><br></p><p>Facebook:</p><p><a href="https://facebook.com/kormendytrott" target="_blank" rel="noopener noreferer">https://facebook.com/kormendytrott</a></p><p><br></p><p>X:</p><p><a href="https://x.com/kormendytrott" target="_blank" rel="noopener noreferer">https://x.com/kormendytrott</a></p><p><br></p><p>LinkedIn:</p><p><a href=" https://linkedin.com/company/ktrealty" target="_blank" rel="noopener noreferer">https://linkedin.com/company/ktrealty</a></p><p><br></p><p>TikTok:</p><p><a href="https://tiktok.com/@kormendytrott" target="_blank" rel="noopener noreferer">https://tiktok.com/@kormendytrott</a></p><p><br></p><p>The Kormendy Trott Team was formed in 2011 by Ariel Kormendy and Adrian Trott. Originally a team of two in Milton, Ontario, KT has grown into a full-service real estate group serving Halton Region, Peel Region, and the Greater Toronto Area.</p>