Category: Mortgage Tips & Advice (15 posts)
- December 6, 2022 @ 8:01 PM
- Posted by John C Filice
What is a Reverse Mortgage
As you are aware 2022 has already been tough on Canadians' wallets, and the recent economic data shows the pain is unlikely to end soon. Inflation continues to run hot, and the Bank of Cana
- February 24, 2021 @ 4:51 PM
- Posted by John C Filice
Why Borrowers May Choose a Private Mortgage
Why Borrowers May Choose a Private Mortgage When most people want to buy a home, they get a list of local banks and mortgage companies to start comparing the available financing options. However, the
- February 10, 2021 @ 4:02 PM
- Posted by John C Filice
How to Handle a Mortgage After a Separation or Divorce
Mortgage Life After Separation and Divorce Separation and divorce present many challenges. It's a situation you likely never thought you'd never be in, but now there are personal and financial conseq
- September 9, 2020 @ 7:53 PM
- Posted by John C Filice
Reverse Mortgages – Impact on Heirs
How do Reverse Mortgages Affect Canadian Heirs? For Canadian seniors, there is a great way to get the most out of the equity in their homes. Home prices tend to rise, and equity builds in the prope
- June 10, 2020 @ 4:16 PM
- Posted by John C Filice
When Is Mortgage Refinancing a Bad Idea?
Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it may make fiscal sense to refinance when inter
- April 22, 2020 @ 4:56 PM
- Posted by John C Filice
5 Smart Ways to Use a Home Equity Line of Credit
For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always a
- April 8, 2020 @ 3:41 PM
- Posted by John C Filice
What should you consider when refinancing your mortgage?
Mortgage rates are at a historic low. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years. Especially in the first years of owning y
- February 18, 2020 @ 9:51 PM
- Posted by John C Filice
Should You Pay Off Your Mortgage Early?
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
- February 14, 2019 @ 1:18 PM
- Posted by John C Filice
The year higher borrowing costs and stricter mortgage rules hit home
Toronto, Vancouver housing sales plummet to decade-lows in 2018. Bloomberg News Natalie Wong and Erik Hertzberg January 4, 2019 Canada’s priciest housing markets saw their worst year f
- February 14, 2019 @ 12:34 PM
- Posted by John C Filice
Big-Bank Mortgages Are Comfortable, Popular And The Worst Deal Around
Why do we stay with them? Complacency is a big reason. A lack of knowledge is another. Justin Thouin Co-Founder and CEO of LowestRates.ca 02/07/2019RBC. TD. BMO. Scotiabank. CIBC. National B
- December 24, 2018 @ 11:15 AM
- Posted by John C Filice
How to Improve Your Chances of Being Approved for a Mortgage
For most first time home buyers, obtaining a mortgage is a crucial part of the purchasing process. However, being approved for a mortgage is often easier said than done. It can be disheartening to f
- November 28, 2018 @ 12:34 PM
- Posted by John C Filice
The Pros And Cons Of Reverse Mortgages - A Quick Guide
No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement to meet uncovered expen
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- September 27, 2018 @ 10:41 AM
- Posted by John C Filice
Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?
When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a
- November 16, 2016 @ 1:37 PM
- Posted by John C Filice
4 Strategies That Can Help You Get PreApproved
So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es
- November 2, 2016 @ 1:37 PM
- Posted by John C Filice
5 easy ways to be mortgage free sooner!
We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l
John C Filice
Mortgage Broker, AMP
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