Episode 35

full
Published on:

23rd May 2025

#35: Mortgages & Wealth. Building stability, security and prosperity.

It’s no secret that buying a home is probably the biggest purchase most people will ever make.  It’s no wonder then that the home mortgage industry is huge and acquiring a mortgage can be complicated and confusing.

In today’s episode, I’m joined by Michael Noik, who has over 26 years of experience in both residential and commercial lending.

Today, we’re focusing on the residential side of this huge industry and Mortgage-Mike has some great tips on how smart mortgage decisions can support your long-term financial well-being.

In this 31-minute episode, we discuss:

  • The role of a mortgage broker when securing financing for clients.   
  • How important interest rates are in the grand scheme of obtaining a mortgage.
  • Strategies that clients should be considering when securing their mortgage terms.        
  • The financial parameters involved with advising people on their financing needs, and how it relates to prequalifying for a mortgage.       
  • The common mistakes and misconceptions people encountering when working with mortgages and real estate brokers.      
  • How a client with an existing mortgage on a house they are selling can finance to purchase a larger home. 
  • Guidance for clients who wish to pay off their mortgages quicker and managing the emotions involved with the process.       
  • A brief description of a reverse mortgage and what situations people would consider applying for one.

You can reach Michael Noik here.

Thank you for listening

Subscribe to The Prosperous and Happy Life podcast on Spotify

Keep up to date with Mary by subscribing to her newsletter on The Mary Hagerman Group

Follow Mary Hagerman on LinkedIn and on Facebook

Do not hesitate to contact us at mary.hagerman@raymondjames.ca 

Next Episode All Episodes Previous Episode

Listen for free

Show artwork for The Prosperous and Happy Life

About the Podcast

The Prosperous and Happy Life
Money doesn’t guarantee happiness, but it sure can help. In this podcast, I bring you expert advice on how to achieve not only wealth …. But happiness too!
I shares tips and experiences from my quest to help my clients be prosperous and happy. Over more than 30 years I have worked with thousands of clients and countless experts, all looking to live a rich and fulfilling life. In my podcast interviews I share my stories and wisdom, along with advice from the many experts I have encountered along the way.

About your host

Profile picture for Mary Hagerman

Mary Hagerman

Mary Hagerman is an award winning portfolio manager and investment advisor with the Montreal office of Raymond James Ltd. Considered a female pioneer in building ETF-based discretionary portfolios for her clients, Mary is an expert columnist on ETFs for industry publications in French and English, and she is regularly quoted in the media. Mary combines her personal passion for karate with her professional experience in her book, The Black Belt Investor.

This podcast has been prepared by and expressed the opinions of Mary Hagerman, and are not necessarily the opinions of Raymond James Ltd. (RJL). Statistics, data and other information presented are from sources RJL believes to be reliable, but their accuracy cannot be guaranteed. This podcast is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor’s circumstances and risk tolerance before making any investment decision. Past performance is no guarantee of future results. Information provided in this podcast is general in nature and should not be construed as providing legal, accounting and/or tax advice. Should viewers have any specific questions and/or issues in these areas, please consult your legal, tax and/or accounting advisor. RJL is a Member of the Canadian Investor Protection Fund.