Robert Floris CFP, AMP
Lead Mortgage Agent
M08004919
1-855-55-TRUST
mortgages@robertfloris.com
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 [...]
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 [...]
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 maximum mortgage amortization? Before answering the question what is the maximum mortgage amortization, we should first explain what an amortization is. Our clients will often get confused between the term of the mortgage and the [...]