Robert Floris CFP, AMP
Lead Mortgage Agent
M08004919
1-855-55-TRUST
mortgages@robertfloris.com
Why Private Mortgages Are Skyrocketing? It was the early 90s, mortgage rates were escalating, a recession was coming and you could eerily feel the change in the housing industry. Since last year the feelings are the same. It’s not a nice [...]
What Are The Advantages/Disadvantages Of Paying Your Home Off Let’s be clear, there is no exact answer. We are all different in personalities and goals. I guess the correct answer could be what helps you sleep better at night. Certain [...]
Why I should consider refinancing my mortgage As life gets harder in Canada, people choosing to refinance their current mortgages have thought of different reasons in the past year as to the traditional reasons in the past. We will cover the [...]
Why contact a mortgage broker when your mortgage matures? Your mortgage is maturing and the financial institution sends out the current mortgage rates. Your first reaction is ouch. These new rates and payments are much higher than what I am [...]
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 [...]
Hi, this is Robert Floris from Mortgage Architects and this message is mainly for my variable rate clients and adjustable rate mortgage clients and clients who are maturing this year. As you all know, the Bank of Canada raised interest rates over [...]
Are interest rate increases over? The Bank of Canada as expected raised their prime rate by 0.25%. Is this it for the escalation of interest rates? Many consumers who have variable rate mortgages and lines of credit sure hope this is true. I [...]
Why Refinance Reasons Are Changing As a mortgage broker/banker, I always find it intriguing asking the purpose of the refinance. A purpose to me is a remedy. It must fix the the problem as an ultimate goal. During the period of the lower [...]
OUCH! 3 Harmful Government Mortgage Proposals The Government has made 3 mortgage proposals that if approved will greatly harm the Canadian real estate market.It is not often that mortgage news could affect our housing industry, but OSFI is proposing[...]
Forecast: 2023 Housing Market Forecast is such a terrible word. Why? No one really knows what is going to happen. How many people forecasted the rising mortgage interest rates of last year? I definitely did not. The Bank of Canada didn’t [...]