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BoC Pauses Rate Cuts: Prime Rate Steady at 4.95% in April 2025
Insights on Mortgage rates (Fixed & Variable) in sync with latest Bank of Canada's policy rate decision, shaping Prime Rate dynamics.
Neil Joseph
Apr 167 min read
26 views
0 comments


Penalty on breaking a Fixed-Rate Mortgage: The Costly Truth
Thinking of breaking your fixed-rate mortgage? It could cost you tens of thousands in penalties—especially if you're with a big bank. Learn
Neil Joseph
Apr 56 min read
4 views
0 comments


Prime Rate drops to 4.95%: 7th Reduction since June 2024
Insights on Mortgage rates (Fixed & Variable) in sync with latest Bank of Canada's policy rate decision, shaping Prime Rate dynamics.
Neil Joseph
Mar 127 min read
7 views
0 comments


Prime Rate drops to 5.20%: 6th Reduction since June 2024
Insights on Mortgage rates (Fixed & Variable) in sync with latest Bank of Canada's policy rate decision, shaping Prime Rate dynamics.
Neil Joseph
Jan 295 min read
13 views
0 comments


Prime Rate drops to 5.45%: 5th Reduction since June 2024
Insights on Mortgage rates (Fixed & Variable) in sync with latest Bank of Canada's policy rate decision, shaping Prime Rate dynamics.
Neil Joseph
Dec 11, 20246 min read
6 views
0 comments


Prime Rate drops to 5.95%: 4th Reduction since June 2024
Insights on Mortgage rates (Fixed & Variable) in sync with latest Bank of Canada's policy rate decision, shaping Prime Rate dynamics.
Neil Joseph
Oct 23, 20247 min read
3 views
0 comments


Big News for First-Time Homebuyers: 30-Year Amortization for Insured Mortgages is Here!
30-year amortizations for first-time buyers are here! See how this change impacts affordability and your path to homeownership.
Neil Joseph
Oct 15, 20242 min read
3 views
0 comments


Federal Government Says “Let’s Make It Rain” with New $1.5 Million Insured Mortgage Limit!
The insured mortgage limit is now $1.5 Million! Find out how this impacts first-time buyers and what it takes to qualify.
Neil Joseph
Oct 15, 20243 min read
2 views
0 comments


Advanced Techniques: Supercharging Your Mortgage Pay Down
Advanced techniques associated with Loan Conversion can further accelerate your mortgage pay down and grow your investment portfolio faster.
Neil Joseph
Oct 4, 20244 min read
4 views
0 comments


Navigating Retirement with a Mortgage: Financial Strategies for Peace of Mind
For many retiring in a mortgage-free home is just a dream. But, with planning and prudent financial decisions, you can still navigate it.
Neil Joseph
Jul 22, 20243 min read
0 views
0 comments


Unveiling the Hidden Costs of Your Mortgage: Impact of Interest Costs
Our mortgages typically span over 25 years but are divided into terms as short as 1 to 5 years. This hides the true impact of interest costs
Neil Joseph
Jul 8, 20247 min read
8 views
0 comments


Empowering Self-Employed borrowers: Maximum Mortgage at Minimum Income Tax
By leveraging bank statements instead of personal income tax returns, self -employed can get the maximum mortgage with minimum income tax.
Neil Joseph
Mar 29, 20243 min read
8 views
0 comments


Downsizing Dilemma: Investing in a Bigger Down Payment or Diversifying Proceeds?
Once you've decided to downsize, the question of what to do with the purchase arises. No Mortgage, Small Mortgage or Invest proceeds?
Neil Joseph
Mar 18, 20243 min read
3 views
0 comments


Achieving Mortgage Freedom: Strategies to Pay Off Your Mortgage Early
Mortgage Freedom is a beacon of financial freedom and security, and with determination and strategic planning, it's entirely achievable.
Neil Joseph
Mar 18, 20243 min read
10 views
0 comments


Understanding the Opportunity Cost of Homeownership
While homeownership comes with different advantages, it's crucial to grasp opportunity costs inherent in this decision and balance tradeoffs
Neil Joseph
Mar 17, 20243 min read
13 views
0 comments


10 Signs You have Too Much House
It's fine line between Homeownership and finding oneself caught in a nightmare of overextension. Having Too Much Home can be Real.
Neil Joseph
Mar 16, 20244 min read
11 views
0 comments


Understanding the Financial Impact: Is Your Home an Asset or a Liability?
The question of whether a home is an Asset, or a Liability has long been debated. However, the answer is not always either or!
Neil Joseph
Mar 16, 20247 min read
35 views
0 comments


Transform Your Mortgage into a Wealth-Building Tool
Loan Conversion leverages the tax-deductibility of investment loans to accelerate payoff of mortgage while building wealth at the same time.
Neil Joseph
Mar 16, 20243 min read
41 views
1 comment


Hidden Costs: Uncover the True Cost of your Mortgage
Canadians cannot claim tax deductions on interest paid on their home. This means that every dollar of mortgage interest is after-tax dollar.
Neil Joseph
Mar 16, 20243 min read
20 views
0 comments


Navigating Bidding War When Buying a Home
Home Buyers often find themselves caught in bidding wars wherein multiple buyers compete for the same property, driving up the prices.
Neil Joseph
Mar 16, 20242 min read
9 views
0 comments
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