As some of you know, we try to write these mortgage articles at Robert Floris’ Mortgage Architects, Hamilton often as if our roles were reversed. We share ideas that we would want to know if we visited our mortgage broker. We get these ideas by our very own clients.

    The last 5 years have been very kind to Hamilton and the golden Horseshoe. We have the greatest scenario happening for current householders, the market values have risen greatly and the interest rates have continued to decline. As mortgages mature, mortgagors should take a few minutes to analyze their current lifestyle and investigate whether slight changes to their renewal/refinance choices can save them money. For most of our clients we are talking about the greatest wealth savings decisions they will ever make.


    Again, who would not like a lower mortgage rate? But how do you apply it? The easiest and simplest way is to apply your old remaining mortgage payment to the lower current mortgage rate you are about to receive. Better still, if possible, increase that payment. Why? Remember rule #1: the faster you pay the mortgage, the greater the savings you will have.

    Conversely, if you’re living paycheque to paycheque, this is a wonderful time to have a lower payment.

    Robert Floris is a mortgage planner in Hamilton, Ontario located on the East Hamilton Mountain and server Hamilton, GTA, Ontario and the rest of Canada and specializing in mortgages, refinances, renewals, purchases, first time homebuyers and debt consolidation. Make an appointment for a free, no obligation consultation with Robert today at 905-574-9200 Ext. 215 or mortgages@robertfloris.com!

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