#15 - From Broker to Business Owner: David Steinberg on Owning Olympic Mortgage and Navigating Today’s Mortgage Market

Send us Fan MailIn this episode of the YYJ Real Estate Podcast, we sit down with David Steinberg, the founder and owner of Olympic Mortgages. Join us as David shares his inspiring journey from being a mortgage broker to building his own successful business. He offers a behind-the-scenes look at the challenges and triumphs he faced along the way, providing valuable lessons for aspiring entrepreneurs.David also delves into the current mortgage climate, offering expert insights into market trends, interest rates, and what prospective homebuyers need to know in today’s economic environment. Whether you're a first-time homebuyer, a seasoned investor, or simply interested in the world of real estate, this episode is packed with essential information and inspiration. Tune in to hear from one of Victoria’s leading mortgage experts and learn how to navigate the complexities of the mortgage market with confidence.Produced by: The CityNest Real Estate GroupEdited by: Daniel CastilloDavid Steinberg - Broker/Owner  at Olympic Mortgagehttps://olympicmortgages.ca/ [email protected] 250-858-7160Adrian Maclaren:[email protected]@adrianrealestatevictoriaVincent Baart: [email protected](00:29) Intro(02:11) Interview Begins(03:32) Davids History(07:12) Davids Work Background(12:37) Role of the Mortgage Broker(20:24) Olympic Mortage vs Other Brokers(25:25) What motivated David to Start his own Company(32:48) Mortgage trends(38:15) What Mortgage does David Recommend?(43:52) 30 Year Amortization with less then 20% down(45:40) Limit on the total debt as a borrower?(51:07) Why 5% down?(56:55) Predictions on the Real Estate Market(01:02:59) Mortgage Rate Predications(01:15:33) Light Hearted Questions for David(01:28:16) Contact Info for David!(01:29:13) Outro Chat