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Category: Money saving strategies (7 posts)

High Ratio Mortgage vs Conventional Mortgage, which will save you more money?

High Ratio Mortgage vs Conventional Mortgage, which will save you more money?

November 9, 2018 | Posted by: Mike Garganis

You want to avoid High Ratio Mortgage Insurance..... For the most part, yes, as would I, however I did some calculating and believe it or not, if you are putting down exactly 20% on your purchase or ... [read more]

Looking to boost Cash Flow? New Flexible Mortgage could be a game-changer!

Looking to boost Cash Flow? New Flexible Mortgage could be a game-changer!

August 25, 2018 | Posted by: Mike Garganis

There’s a great new flexible interest-only mortgage product that could prove beneficial for a number of borrowers, including first-timers, real estate investors, professionals, seasonal workers ... [read more]

Secondary Suites Are Officially The New Normal

Secondary Suites Are Officially The New Normal

January 6, 2017 | Posted by: Mike Garganis

With the costs of buying and maintaining a home on the rise, Canadians are increasingly relying on secondary suites to help mitigate the costs of homeownership. According to a new report by Mortgage ... [read more]

Tips to Start the New Year Off Right

Tips to Start the New Year Off Right

January 28, 2016 | Posted by: Mike Garganis

January 2016 Happy New Year!  I hope the holidays were relaxing and spent with family and friends.  We're all back to the grind, let's get down to business. Market NewsPrime Rate Uncha ... [read more]

Should you break your mortgage?

Should you break your mortgage?

February 28, 2015 | Posted by: Mike Garganis

Just saved a client $15,000. Is your rate above 3%?  You could be next! I don’t advocate paying penalties, however, if there is an obvious savings to be had, then you have to do it. We hav ... [read more]

Words from the Wise

Words from the Wise

June 27, 2013 | Posted by: Mike Garganis

Over 50, underfunded, and ill-prepared for retirement.  Unfortunately, that’s an all-too-common scenario for the Baby Boomer generation – those born between 1946 and 1964 -- many ... [read more]

"How Can I Pay-off My Mortgage Sooner?"

July 13, 2012 | Posted by: Mike Garganis

 First, let’s understand what a mortgage is – It can be defined as principal + interest.  The principal portion is what gives you equity.  Interest, however, is wearing the ... [read more]

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Mike Garganis
Mike Garganis
Mortgage Agent
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