Mortgage Blog

Working For You, NOT The Banks!

Category: Personal Finance (10 posts)

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!

February 5, 2019 | 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]

More Canadians are unable to fulfill their financial obligations

More Canadians are unable to fulfill their financial obligations

January 11, 2019 | Posted by: Mike Garganis

A growing number of Canadians are finding it difficult to pay off their financial accountabilities, according to a report by the Office of the Superintendent of Bankruptcy late last week. In its late ... [read more]

Attn: Ontario landlords...Rent control rules may not apply!

Attn: Ontario landlords...Rent control rules may not apply!

January 9, 2015 | Posted by: Mike Garganis

Did you know that Alberta has no residential rent control?   And British Columbia landlords can increase rents by the rate of inflation PLUS 2%?   In Ontario, the Landlord and Tenant Board s ... [read more]

Last resort, before you file Bankruptcy or Consumer Proposal

Last resort, before you file Bankruptcy or Consumer Proposal

December 31, 2014 | Posted by: Mike Garganis

It's pretty easy to let things get out of hand.  Sometimes credit cards are a little 'too handy' and it’s easy to rack things up on it.   Credit cards are vital to establishing and ma ... [read more]

Rental Property vs Second Mortgage - Great Return On Investment

Rental Property vs Second Mortgage - Great Return On Investment

December 7, 2013 | Posted by: Mike Garganis

There are tons of short-term and long-term investment opportunities in the market, all with varying benefits, security, and risk. Growing trends in the mortgage industry are Second Mortga ... [read more]

What a hot housing market means to you

What a hot housing market means to you

November 17, 2013 | Posted by: Mike Garganis

October 2013 sales are up 20% compared to October 2012.  The average selling price is up 7.4%.  Paying off the  mortgage is the reason most of us get up in the morning.  But what i ... [read more]

What Are Deductible Investment Interest Expenses?

What Are Deductible Investment Interest Expenses?

September 15, 2013 | Posted by: Mike Garganis

The federal tax code includes a number of incentives to encourage investment. Among them is the deduction for investment interest expenses. In general, you can deduct interest paid on money you borrow ... [read more]

Baby Boomers financial regrets

Baby Boomers financial regrets

June 25, 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 of whom ar ... [read more]

RBC and BMO get Roasted

RBC and BMO get Roasted

April 21, 2013 | Posted by: Mike Garganis

Ottawa is in an uproar over the recent RBC outsourcing fiasco.  BMO’s CEO got an earful from this past week’s shareholders meeting demanding answers.   This has been going on f ... [read more]

Budget 2013: Not Perfect, But Not Bad

Budget 2013: Not Perfect, But Not Bad

March 22, 2013 | Posted by: Mike Garganis

Finance Minister Jim Flaherty unveiled his Budget plans on Thursday (March 21, 2013).  In terms of the Mortgage Industry, I think he has taken the right steps to curb consumers' debt issues over ... [read more]

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Mike Garganis
Mike Garganis
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