Mortgage Blog

Working For You, NOT The Banks!

Blog - Categories

Category: Money saving strategies (8 posts)

Your Mortgage Options in Today's Market

Your Mortgage Options in Today's Market

April 17, 2020 | Posted by: Mike Garganis

I am going to briefly summarize the different scenarios that exist to provide some guidance in assessing your individual circumstances. If you have a variable mortgage with a discount off of the Prim ... [read more]

Pay off your mortgage sooner

Pay off your mortgage sooner

February 12, 2020 | Posted by: Mike Garganis

To start off, let’s take a look at what a mortgage is. A mortgage consists of the principal (the amount of the loan) and interest (the percentage rate charged on a mortgage loan). We tend ... [read more]

These 3 clients broke their mortgages, paid a penalty, and still saved between $9,000 and $26,000!

These 3 clients broke their mortgages, paid a penalty, and still saved between $9,000 and $26,000!

September 24, 2019 | Posted by: Mike Garganis

Fixed mortgage rates are at an all-time low.  If you have a mortgage that is over 3.09%, then you should consider breaking it, paying the penalty and getting into today’s lower rates. ... [read more]

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]

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]

Share This Page On:

Mike Garganis
Mike Garganis
Mortgage Agent
Top