Mortgage Blog

Before you lock in your variable rate - read this

March 22, 2023 | Posted by: Michael Boccia

In times of economic uncertainty, when interest rates trend upward, we tend to see a significant push of variable rate holders looking to lock into a fixed rate term.Of course, the security of knowing ...

What is a HELOC?

March 15, 2023 | Posted by: Michael Boccia

What Is A HELOC? In its simplest form, a HELOC works somewhat like a credit card. You can borrow money up to a certain credit limit set by your lender and then pay back the borrowed amounts along w ...

The Difference Between a Banker and a Broker

March 8, 2023 | Posted by: Michael Boccia

While we have likely already done business together, and you understand the difference between a banker and a broker, it might be worth a quick refresh, in case you have a friend or fam ...

One Less Coffee A Day = Being Mortgage Free 2.5 Years Earlier

March 1, 2023 | Posted by: Michael Boccia

There is nothing more powerful than time when it comes to investing.Time allows for your investment to grow and the power of compound interest to take place. The same can also be said about pay ...

2023 Financial Resolutions

February 6, 2023 | Posted by: Michael Boccia

After the whirlwind economic year we have had, making your finances work for you is already top of mind for most Canadians as we head into 2023. Here are some ideas to make your finances work for YOU ...

Post-Holiday Debt Consolidation

January 31, 2023 | Posted by: Michael Boccia

The holidays are a season of giving and often times, households can often find themselves carrying some extra debt as we enter the New Year. If you happen to be someone currently struggling with some ...

Bank of Canada Raises Overnight Rate by 1%

July 14, 2022 | Posted by: Michael Boccia

The Bank of Canada (BoC) announced an additional 100 Basis Point Rate (1 percent) increase in the overnight lending rate. This will lead to Prime rates being changed at Canada’s major banks to ...

Interest Is a Rental Payment on Money

February 3, 2022 | Posted by: Michael Boccia

I once heard someone say that 'interest is the payment that you make to someone when you decide to rent their money.' The higher the rent, the more you pay. I’ve always thought that was a ...

Home Selling Season is Around the Corner: Tips to Get Ready

June 1, 2020 | Posted by:

Home selling season is rapidly approaching. In most cases, spring is the top time to sell a home. One reason spring is the top-selling season is that home buyers align their moving schedule with their ...

Should You Pay Off Your Mortgage Early?

May 25, 2020 | Posted by:

It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will ex ...

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