Mortgage Blog

Working For You, NOT The Banks!
Firm or conditional offer: what’s right for you?

Firm or conditional offer: what’s right for you?

April 6, 2018 | Posted by: Mike Garganis

Conventional wisdom dictates you should make your offer to purchase a home conditional upon certain terms – that the home pass a home inspection within five business days of the offer, for examp ... [read more]

20% more mortgages are being denied by big banks, sending borrowers to alternative options

20% more mortgages are being denied by big banks, sending borrowers to alternative options

March 21, 2018 | Posted by: Mike Garganis

Stricter mortgage rules are sending borrowers towards more risky lenders that are out of the regulator's view. Mortgage brokers say the borrower rejection rate from large banks and traditional monoli ... [read more]

How to Choose a Neighbourhood

How to Choose a Neighbourhood

March 19, 2018 | Posted by: Mike Garganis

Location is everything when you’re searching for a home. Finding your dream neighborhood may seem like the easiest part, but once you factor in budget, non-negotiable home features, and proximit ... [read more]

Looking To Move, Do You Sell or Buy First?

Looking To Move, Do You Sell or Buy First?

March 2, 2018 | Posted by: Mike Garganis

In the past, most homebuyers would have their selling and buying dates match.   It’s always been a bit of a juggling act as you have to pack your moving truck and unpack it, all in less tha ... [read more]

Considering a Second Mortgage?  It can save you money!

Considering a Second Mortgage? It can save you money!

March 2, 2018 | Posted by: Mike Garganis

Quick, what’s the first thing that comes to mind when you think of “second mortgages”?   For some it could be that shady-looking character in a smoke-filled pool hall… gu ... [read more]

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]

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