• EP 7 - Another collapse and another Bailout!

  • Mar 28 2023
  • Durée : 23 min
  • Podcast

EP 7 - Another collapse and another Bailout!

  • Résumé

  • Let's talk about the 2 most important financial topics at this moment right now, the million dollar question and talk of another US BANK collapse. The million dollar question is this. What should you do if you have a Variable Rate Mortgage? This question and topic right here has everyone's emotions and finances all over the place, sadly. But don't worry, because we are here to break it all down for you and play out some scenarios for you as well. Tune into this part to listen to our case scenarios, on refinancing, or breaking or doing nothing with your variable mortgage. Followed with some helpful explanations and value add!

    Now onto the golden state of America and the Silicon Valley bank collapse. For those who have not heard of Silicon Valley Bank, this was the 16th largest bank in the US. It's collapse and bailout is a prime example of what not to do. Want to hear more about what they did wrong, tune in here! We discuss how this can impacts Canadian's and how our banks are significantly different than the US. It's important to know that your money and savings are safe, which is why we briefly breakdown the Canadian Financial system and refer to economist forecasts and predictions to determine the impact of the Silicon Valley Bank collapse to Canadians.

    #bcrealestate #economiccollapse #bankrun #siliconvalleybank #economicimpact #bailout #refinance #variablemortgages #canadarealestate #mortgagebrokers #brightcapfinancial #citycentremortgages #moneystormshow  #commercialmortgages #inflation  #vanre #cdnecon #bankofcanada #podcast #moneystormshow #youtubeeducation #youtubevideos #podcastlife #applepodcast #spotifypodcasts #amazonpodcast #googlepodcast

    Listen to The Money Storm Show on your favourite podcast platform:

    https://www.youtube.com/@moneystormshow

    Social Media: @moneystormshow @brightcap.financial @citycentremortgages

    We know the storm that's always brewing in the Canadian real estate and mortgage industry!! Whether it be good or bad your Canadian financial forecast is right here!

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