Robert Floris CFP, AMP
Lead Mortgage Agent
M08004919
1-855-55-TRUST
mortgages@robertfloris.com
Is It Better To Put 20% Or 15% Down? When purchasing a home, most people try to reach the 20% down payment mark to avoid the CMHC charge. That seems intuitive but let's looks at the numbers. Let's take a $500K purchase price as an example and [...]
Hamilton Real Estate 2022: A Year In Review For Hamilton Real Estate And Mortgage Rates The 2022 Hamilton real estate and mortgage rate scenario can be summed up by one word: tumultuous. This monthly review will demonstrate the roller coaster ride [...]
Can I buy a house with 0% down? The short answer to the question “can I buy a house with 0% down?” is: Yes! However, there is a BIG HUGE BUT!!!!!! First, let’s discuss what down payment and closing costs are. When you purchase a home for a [...]
Poor Decision To Keep Stress Test As Is Today the government agency OFSI announced that the infamous mortgage stress test would remain unchanged. In our opinion, this is a very poor decision because it targets and prevents prospective homebuyers[...]
Why Millennials Will Continue To Struggle To Buy Their First Home As a father of two kids who are millennials, it hurts to share these facts. Escalating rents have forced both Canadian and American kids between the ages of 20 [...]
Are your mortgage payments becoming on affordable? In the past year and a half the prime rate in Canada has gone up by 3.5%. depending on the size of your mortgage and whether you are in a fixed or variable rate mortgage, this has[...]
Before answering the question, what is a collateral switch mortgage, we should first answer the question, what is a collateral mortgage? A collateral mortgage is a mortgage where the lender has registered a larger amount on title on [...]
What happens if my appraisal comes in low? In a declining real estate market like the one we are having, it can be a serious problem when securing a mortgage if the appraised value comes in lower than expected. At the moment we are [...]
Should I declare bankruptcy? Bankruptcy may seem like an easy solution. But if you are thinking about declaring bankruptcy, make sure you understand all of the consequences and make sure that it is worth it! We have had clients who [...]
What is the best mortgage product for you? Fixed or variable mortgage? Sean and I get asked the question more than any other question. As advisers, we do try to study the trends of mortgage rates and where they are going in the near future and [...]