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Posted by: John Panagakos
You’re in a variable rate and asking yourself should I lock in or stay variable? If you follow the news closely, there would appear to be a lot of turmoil and uncertainty around interest rates. This past April, the Bank of Canada held the overnight rate at 1.25 per cent. Suggesting the bank was closely […]
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Closing costs are a necessity when it comes to purchasing a home. They are not included in down payments, they are not included in monthly mortgage payments, nor are they included in the purchase price of a home, but you are still responsible for paying them, in full. Knowing they exist is half the battle, […]
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People have a lot of different ideas on how they want their home to look. Some want a modern look while others like traditional cottages. But one thing that more and more people want is smart technology in their homes. This adds value and desirability to your home making it easier to sell for the […]
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We sprung forward earlier this month by changing our clocks one hour ahead. For some, their microwave and oven clocks are once again displaying the correct time since the last time we needed to adjust our clocks (in the Fall). Patience is a virtue – except for when it comes time to refinance a mortgage! […]
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I can not stress enough as to how important it is to have a healthy credit score. When clients walk through my door the first thing I ask them is how’s your credit score? If you haven’t seen your credit score, you’re not alone. Many clients don’t know their credit score. During our initial consultation, […]
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While most people know the main things they need to buy a home, such as stable employment and enough money for a down payment, here are 4 signs you’re ready for home ownership. As a mortgage broker, it is my job to ensure that each one of my clients is getting the best service I […]
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It’s that time of year again. The taxman is coming and you will have to file your taxes. For many, it’s the time to take a large sum of money and dump it into your RRSP contribution to reduce your taxes. But is it the best way to handle the investment? It may be too […]
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It’s become a bit of a cliché to talk about resolutions at the start of the New Year. You’re going to be inundated with pitches to exercise more, “eat right” or pick up a new hobby. These resolutions start out with the best of intentions but ultimately most of us can’t manage to keep them. […]
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As the dust is settling on the major changes to the mortgage qualifying rate and it is back to work as usual, some Canadians are starting to realize that there were some other significant changes that affect us all. Starting this year you must now declare which property is your principal residence. There will be a […]
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October 2016 the Ministry of Finance passed rules which are still having effect one year later. Higher qualification and new bank capital requirements have split the industry into two segments. Those who qualify for mortgage insurance and those who don’t. Mortgages that qualify for mortgage insurance are basically new purchases for borrows who have […]
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