2 Apr

Switching for a lower mortgage rate

General

Posted by: Darick Battaglia

Great article from the financial Post: ” When my husband and I purchased a 2nd home at the end of 2019, we were excited about the lower interest rate compared to our first mortgage. Although we were postponing debt payout and taking on a higher mortgage payment, moving to a lower interest rate was going […]

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29 Sep

Should I refinance for a lower rate?

General

Posted by: Darick Battaglia

Should I refinance for a lower rate? Does it make sense to break my current mortgage and lock it in at a lower rate?   If you are looking to free up cash due to layoffs associated with COVID-19 and may need to refinance their mortgage, others might just decide to sell their home or […]

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28 Sep

Genworth $2000 rebate

General

Posted by: Darick Battaglia

Is your home or condo mortgage Genworth Insured? if so you may be eligible for a rebate of approximately $2000 under their energy efficient housing program. Visit this link to find out more. http://www.genworth.ca/en/products/energy-efficient-housing.aspx

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24 Apr

Last Resort Options if you Can’t Pay your Bills

General

Posted by: Darick Battaglia

If you can’t pay your debts, these are your last-resort options for relief There are two regulated options: bankruptcy, and the less drastic consumer proposal For those feeling overwhelmed and unable to pay their debts, there are two regulated, last-resort options: bankruptcy, and the less drastic consumer proposal. Both put a freeze on creditors and […]

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6 Apr

Why are Mortgage Rates Rising?

General

Posted by: Darick Battaglia

Why Are Mortgage Rates Rising? Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. The banks have reduced prime rates by the full 150 basis points (bps). But, since the second Bank of […]

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23 Jan

Power of Sale – Now What??

General

Posted by: Darick Battaglia

You have fallen on hard times.  You  were out of work for a few months, You had to take time off to look after an ailing relative,  You got injured at work and did not have disability insurance. Basically You have not been able to meet your mortgage payment obligations and  have fallen behind missing […]

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12 Jan

Beware of Unconditional Offers. It cost this GTA buyer $620,000

General

Posted by: Darick Battaglia

Picture this…Its a hot market with multiple offers on limited supply.  Your Real Estate Agent advises that without an unconditional offer you will have no chance of winning the bid on the new home.  You know that you cannot purchase the home unless your home is sold but you take a chance believing that your […]

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3 Jan

Buying a Unique Home? House with acreage, Log home, fixer upper?

General

Posted by: Darick Battaglia

Buying  a Unique property can come with financing hardship.   Thinking of buying a romantic rustic Log home?   A Home with acreage?  A house with a large workshop? Or what about a fixer upper?   All of these types of properties can cause challenges when it comes to the mortgage financing.   Finding the right […]

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13 Dec

First Time Home Buyers Grants, Incentives and Privileges

General

Posted by: Darick Battaglia

Did you know that if you are recently Divorced or Separated,  Have not owned a home in 4 years or have never owned a home before you are qualified as a First Time Home buyer and the privileges that come with it. The RRSP Home Buyers’ Plan: With the federal government’s Home Buyers’ Plan, you […]

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