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Neil Joseph
Jan 295 min read
Prime Rate drops to 5.20%: 6th Reduction since June 2024
Insights on Mortgage rates (Fixed & Variable) in sync with latest Bank of Canada's policy rate decision, shaping Prime Rate dynamics.
11 views0 comments


Neil Joseph
Dec 11, 20246 min read
Prime Rate drops to 5.45%: 5th Reduction since June 2024
Insights on Mortgage rates (Fixed & Variable) in sync with latest Bank of Canada's policy rate decision, shaping Prime Rate dynamics.
6 views0 comments


Neil Joseph
Oct 23, 20247 min read
Prime Rate drops to 5.95%: 4th Reduction since June 2024
Insights on Mortgage rates (Fixed & Variable) in sync with latest Bank of Canada's policy rate decision, shaping Prime Rate dynamics.
3 views0 comments


Neil Joseph
Oct 15, 20242 min read
Big News for First-Time Homebuyers: 30-Year Amortization for Insured Mortgages is Here!
30-year amortizations for first-time buyers are here! See how this change impacts affordability and your path to homeownership.
2 views0 comments


Neil Joseph
Oct 15, 20243 min read
Federal Government Says “Let’s Make It Rain” with New $1.5 Million Insured Mortgage Limit!
The insured mortgage limit is now $1.5 Million! Find out how this impacts first-time buyers and what it takes to qualify.
2 views0 comments


Neil Joseph
Oct 4, 20244 min read
Advanced Techniques: Supercharging Your Mortgage Pay Down
Advanced techniques associated with Loan Conversion can further accelerate your mortgage pay down and grow your investment portfolio faster.
4 views0 comments

Neil Joseph
Jul 22, 20243 min read
Navigating Retirement with a Mortgage: Financial Strategies for Peace of Mind
For many retiring in a mortgage-free home is just a dream. But, with planning and prudent financial decisions, you can still navigate it.
0 views0 comments


Neil Joseph
Jul 8, 20247 min read
Unveiling the Hidden Costs of Your Mortgage: Impact of Interest Costs
Our mortgages typically span over 25 years but are divided into terms as short as 1 to 5 years. This hides the true impact of interest costs
8 views0 comments


Neil Joseph
Mar 29, 20243 min read
Empowering Self-Employed borrowers: Maximum Mortgage at Minimum Income Tax
By leveraging bank statements instead of personal income tax returns, self -employed can get the maximum mortgage with minimum income tax.
8 views0 comments


Neil Joseph
Mar 18, 20243 min read
Downsizing Dilemma: Investing in a Bigger Down Payment or Diversifying Proceeds?
Once you've decided to downsize, the question of what to do with the purchase arises. No Mortgage, Small Mortgage or Invest proceeds?
3 views0 comments


Neil Joseph
Mar 18, 20243 min read
Achieving Mortgage Freedom: Strategies to Pay Off Your Mortgage Early
Mortgage Freedom is a beacon of financial freedom and security, and with determination and strategic planning, it's entirely achievable.
10 views0 comments


Neil Joseph
Mar 17, 20243 min read
Understanding the Opportunity Cost of Homeownership
While homeownership comes with different advantages, it's crucial to grasp opportunity costs inherent in this decision and balance tradeoffs
12 views0 comments


Neil Joseph
Mar 16, 20244 min read
10 Signs You have Too Much House
It's fine line between Homeownership and finding oneself caught in a nightmare of overextension. Having Too Much Home can be Real.
7 views0 comments


Neil Joseph
Mar 16, 20247 min read
Understanding the Financial Impact: Is Your Home an Asset or a Liability?
The question of whether a home is an Asset, or a Liability has long been debated. However, the answer is not always either or!
28 views0 comments


Neil Joseph
Mar 16, 20243 min read
Transform Your Mortgage into a Wealth-Building Tool
Loan Conversion leverages the tax-deductibility of investment loans to accelerate payoff of mortgage while building wealth at the same time.
40 views1 comment


Neil Joseph
Mar 16, 20243 min read
Hidden Costs: Uncover the True Cost of your Mortgage
Canadians cannot claim tax deductions on interest paid on their home. This means that every dollar of mortgage interest is after-tax dollar.
20 views0 comments

Neil Joseph
Mar 16, 20242 min read
Navigating Bidding War When Buying a Home
Home Buyers often find themselves caught in bidding wars wherein multiple buyers compete for the same property, driving up the prices.
9 views0 comments


Neil Joseph
Mar 15, 20243 min read
Debunking Misconceptions: Understanding Reverse Mortgages
Notion of considering a reverse mortgage might trigger feelings of failure in retirees. Let's dissect this notion about reverse mortgages.
3 views0 comments


Neil Joseph
Mar 13, 20244 min read
What if Interest Rate on Reverse Mortgage Outpaces Price Appreciation Rate?
If interest rate on reverse mortgage outpaces price appreciation rate of the home, borrowers may find themselves facing some tough decisions
4 views0 comments


Neil Joseph
Mar 12, 20243 min read
Is It Wise to Have a Mortgage in Retirement?
Should you carry a mortgage into retirement years, or prioritize paying it off before retiring?
3 views0 comments
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