In this episode of The Glass Is Half Full, Richard Killen interviews David Grossman, a Toronto mortgage broker with Rock Your Mortgage.

In the interview, they cover the following:

  • For people just starting out, what do they need to know about mortgages?
  • What kind of information do lenders need to know about borrowers?
  • What are the different types of lenders other than banks?
  • What is CMHC insurance for high ratio mortgages?
  • Is there a different process for self-employed individuals to get a mortgage?
  • Explain B lenders, C lenders and private lenders and how each works.
  • What is a Mortgage Stress Test?
  • How do RESPS and other assets come into play during a bankruptcy?

This is part one of a two-part video interview with David. Part two can be viewed here.