Category: Money saving strategies (6 posts)
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
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
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?
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
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]
