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’t — right when they need it most. In this episode, Kristina sits down with Mathieu “Mat” Fugere, a mortgage broker with 23 years in the business and owner of Fugere Mortgage in Milton, Ontario, to unpack what’s really happening to buyers and homeowners right now.
✅ Why falling appraisals are wiping out homeowners’ equity right at renewal
✅ The “mortgage slush fund” trick to survive a renewal payment shock
✅ How first-time buyers are actually saving their down payments
✅ What the paperwork looks like for a gifted down payment from mom and dad
✅ House hacking with a duplex or triplex to afford your first home
✅ Financing a hobby farm, a rural property, or a short-term rental / Airbnb
Looking for mortgage help? Connect with Mat Fugere:
🌐 Website: https://www.mandmmortgages.ca
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0:00 – Intro
0:53 – Welcome Matt Fugere, 23-year mortgage broker
2:03 – Matt’s family and life on the farm
5:40 – Financing rural properties and hobby farms
9:15 – First-time buyer down payment trends
11:21 – CMHC survey: gifts and inheritance as down payments
13:04 – The paperwork behind a gifted down payment
15:27 – Advice for buyers without financial help
17:21 – House hacking: duplexes and triplexes for first-time buyers
22:14 – Qualifying rental income for house-hack properties
24:10 – Renewal shock: slush funds and extended amortization
30:09 – Top 3 overlooked mortgage features
33:31 – Financing, managing, and investing in Airbnbs
41:16 – Final advice: cut car loans, talk to your broker early
46:44 – Outro
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In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.
Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT Media, KT Commercial, and our sister company, Renti, allowing us to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.
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