This day in History March 16 2008

General Rob Skoko 16 Mar

This day in History, hard to believe that 15 years have already passed since the 2008 financial crisis in the United States. On March 16, 2008, Bear Stearns, the 85-year-old investment bank, narrowly avoids bankruptcy by its sale to J.P. Morgan Chase and Co. at the shockingly low price of $2 per share. The link […]

Read More

Is the CHIP Reverse Mortgage right for you?

General Rob Skoko 1 Mar

As a Canadian 55+, there are a variety of financial options available for you in retirement. However, this does not mean that every financial option is right for you, so it’s essential that you reflect on your retirement needs and choose a financial solution that best meets those needs. For example, the CHIP Reverse Mortgage […]

Read More

Bank of Canada Interest Rate Announcement May 2, 2022

General Rob Skoko 2 Mar

📣 Attention Variable Rate Mortgage Holders: Do Not Panic. 👉 The Bank of Canada raised its key interest rate by 0.25% today – just as they have been telling us that they would. Citing uncertainty due to the unprovoked invasion of Ukraine, high inflation, and a stronger than expected first-quarter growth, the Central Bank did […]

Read More


General Rob Skoko 11 Mar

REVERSE MORTGAGES IN CANADA DIFFER GREATLY FROM THOSE IN THE U.S. How much do you really know about reverse mortgages? Maybe you know that reverse mortgages can help Canadians 55+ access the equity in their home, tax-free. But there are many people who mistakenly think that Canadian reverse mortgages are just like those offered in […]

Read More

Buying the Best Home for You

General Rob Skoko 24 Jul

Before you begin searching for a home, it’s always helpful to think about your needs both now and in the future. And if you have any questions about the home-buying process or different types of real estate, you can always ask your mortgage professional or real estate agent for input.   Following are some things […]

Read More

Why Use a Mortgage Professional

General Rob Skoko 16 Jun

  There are generally two ways to get a mortgage in Canada: From a bank, or from a licensed mortgage professional. While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada’s largest banks, credit unions, and trust companies … offering […]

Read More

Budgeting Towards Homeownership

General Rob Skoko 7 Jun

Transitioning from renter to homeowner is one of the biggest decisions you’ll make throughout your lifetime. It can also be a stressful experience if you don’t plan ahead by building a budget and saving prior to embarking upon homeownership.   Budgeting is a core ingredient that helps alleviate the stress associated with money issues that […]

Read More

Mortgage options for the self-employed

General Rob Skoko 1 May

  If you’re self-employed, you may have a more difficult time obtaining financing for your real estate purchases than you encountered just 18 months ago thanks to the recent recession. And as of April 9th, 2010, Canada Mortgage and Housing Corporation (CMHC) raised the required down payment amount, as well as decreased the percentage at […]

Read More

Getting a Mortgage Pre-Approval

General Rob Skoko 1 May

  If you are looking for a new home, be sure you are pre-approved. With a mortgage pre-approval, a licensed mortgage professional can do a more complete verification prior to sending you shopping for a home, and with that done, the dollar figure you are going shopping with is actually what you can spend. The […]

Read More

Deciding which type of home to purchase

General Rob Skoko 29 Apr

  There is an endless supply of different types of homes available for purchase – ranging from condos to townhouses to fully-detached homes. The key is to decide what you can afford and which amenities you prefer before heading out shopping for a new home.   Your best first step is to seek the advice […]

Read More