Gina Burgio, Mortgage Agent

By
Mortgage and Lending - VERICO Designer Mortgages Inc.
Serving clients throughout Ontario, Canada. Home Purchase financing, Mortgage Renewals, Mortgage Refinancing, Debt Consolidation and more.

ARCHIVED BLOG POSTS

2010 

In response to the recent Financial Post article (link below), do you feel like the tighter mortgage rules will show a great deal more cheating? I'm torn because I know that a 20% downpayment from an investor is difficult, though not "impossible" as this article states, to find for some investors...
03/31/2010
We all expected to see this but I'm surprised to see it happening so soon. Undoubtedly rates will now only continue to rise. GB   Banks bump up mortgage rates Other banks expected to follow suit www.cbc.ca Mortgage rates have begun to rise from their record lows, with news Monday that several Can...
03/31/2010
Canada Housing Trust, the financing arm of the nation's housing agency, sold 27% of its debt offering this week to investors outside Canada, suggesting growing international appetite for Canadian debt. Canada Housing sold $6-billion of five-year, 2.95% bonds maturing in March 2015 with a price to...
03/23/2010
By ALEX J. POLLOCK Suppose we agree that we would like our society to have widespread home ownership and a property-owning citizenry. Does it take government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac with implied taxpayer guarantees, tax advantages for the interest paid on home...
03/19/2010
  Frank and Susan Williams bought a house near Hamilton, Ont., this month, they followed a time-honoured tradition of using leveraged financing. With mortgage insurance they only had to put down 5% of the $270,000 purchase price. They went with a closed variable rate at 2.25% and amortized the lo...
03/18/2010
Half the office has plans to go partying tonight...okay, more than half the office!  In the wee hours of the morning, I caught myself wondering what is the origin of St. Patrick's Day and why is it celebrated on March 17th? It turns out that today is the anniversary of St. Patrick's death around...
03/17/2010
TORONTO -- The Canadian dollar rose to its highest level since July 2008 on Tuesday after the U.S. Federal Reserve held benchmark interest rates near zero, as expected, and renewed its promise to keep them exceptionally low for an extended period. Building on momentum from firmer oil and equitie...
03/17/2010
Great story today on Gail Vaz-Oxlade. I love her show and I think she is doing wonders to educate Canadians on debt and knowing their financial situation. GB Don't just fall into a debt hole Roma Luciw From Monday's Globe and Mail Published on Monday, Mar. 15, 2010 12:00AM EDT Last updated on Mon...
03/16/2010
I heard an interesting fact today about the financial state of first time homebuyers: According to reports, 75% of 18-34 year old first time homebuyers would be in trouble if their paycheck was delayed one week. That's huge. Mortgages are expected to rise up to 3 percent over the next two years. ...
03/11/2010
I can forsee this spring in Canada being huge for mortgages and real estate. With an already booming real estate market and incredible mortgage rates business looks like it will be great. I can imagine a big push on sales before the HST comes into play. And with spring already being the prime se...
03/11/2010
Rainer
24,428

Gina Burgio

local_phone(877) 345-6265
Contact The Author

Enter your email address:

Delivered by FeedBurner