Blog - Categories
Category: Money saving strategies (8 posts)
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
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!
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?
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]
