Mortgage Blog

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Collateral Mortgages....NOT 50 Shades Freed...both are bad!

Collateral Mortgages....NOT 50 Shades Freed...both are bad!

January 25, 2018 | Posted by: Mike Garganis

 In 2010, TD announced they would begin registering ALL new mortgages as a collateral charge.  The sale pitch was that it was good for the consumer.  It would allow ... [read more]

Rates are going up… for now… is this the end of low rates?

Rates are going up… for now… is this the end of low rates?

January 23, 2018 | Posted by: Mike Garganis

POSITIVE DATA MEANS HIGHER RATES There’s been too much positive economic data lately. Low unemployment levels (5.7%, the lowest since the ’70s), higher spending by consumers, slightly hig ... [read more]

How much equity will be wiped out in 2018?

How much equity will be wiped out in 2018?

November 20, 2017 | Posted by: Mike Garganis

Review your mortgage NOW, the New Year may be too late! Hello again,This is usually my downtime and catching up with paperwork, but this has turned out to be the busiest Fall season, ... [read more]

A 2nd Bank of Canada rate hike surprises many.. what’s it mean?

A 2nd Bank of Canada rate hike surprises many.. what’s it mean?

September 11, 2017 | Posted by: Mike Garganis

The Bank of Canada Governor, Stephen Poloz, has been full of surprises since he took on his current role.  With a second 0.25% rate hike today in consecutive BoC meetings, he’s pushed the r ... [read more]

Watch for house price movement

Watch for house price movement

June 1, 2017 | Posted by: Mike Garganis

Housing market is active but will slow in the summer as it ALWAYS does Much has been written about the Canadian housing market.  Even more about greater Toronto and Vancouver.  The pes ... [read more]

Fit to Buy?  Test your financial fitness

Fit to Buy? Test your financial fitness

May 5, 2017 | Posted by: Mike Garganis

Gauging your financial fitness is crucial for first-time homebuyers.  The better shape you're in financially, the more likely you are to succeed at homeownership.  That's because a strong cr ... [read more]

Are you wasting time rate shopping?

Are you wasting time rate shopping?

April 8, 2017 | Posted by: Mike Garganis

When it comes down to the biggest purchase of your life, you shouldn't be relying on a website that posts a few numbers and very little to no information about the product. For example, if someone reg ... [read more]

Which mortgage features are the most important?

Which mortgage features are the most important?

February 6, 2017 | Posted by: Mike Garganis

It’s easy to look online for a mortgage rate. But rate is only one aspect of saving money on your mortgage over the long term. It’s essential that you also consider mortgage features. Here ... [read more]

Why Mortgage before March 17?

Why Mortgage before March 17?

February 6, 2017 | Posted by: Mike Garganis

If you’re in the market for an insured mortgage, then you might want to get that mortgage before March 17. Canada Mortgage and Housing Corporation (CMHC) is raising premiums for insuring mortga ... [read more]

Why would you want to diversify debt?

Why would you want to diversify debt?

February 1, 2017 | Posted by: Mike Garganis

Attention:  Bankers, close your ears.. we don’t want you to hear this.  Credit card balances, lines of credit, car loan, student loan, home reno loan, personal loan..   If you hav ... [read more]

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