Alona Rodas - Mortgage Broker

08/27/2026

Have you ever heard of compounding frequency on your mortgage? It sounds boring. It’s not.

Compounding is how often interest gets calculated and added to your balance. The more often it happens, the more interest you pay on interest, even at the exact same rate.

Fixed rates compound semi-annually by law. Variable rates depend on the lender, and with some, your compounding frequency even follows your payment schedule. Switch to biweekly or weekly payments, and interest can start compounding that often too.

Small difference on paper. Real dollars over 25-30 years.

08/25/2026

You want to sell and buy a house? That’s when portability comes into play.

If you’re mid-term on your mortgage, porting means moving it, rate and all, to your new property without paying the penalty. But it’s not the same everywhere. Some lenders let you blend and extend. Others only port your exact balance. Some won’t port variable at all.

This is why the rate is never the only thing that matters.

08/24/2026

Most people only ever think about their mortgage penalty. Almost nobody asks about their prepayment privileges, the part that actually works in your favour.

An annual lump sum limit, usually 10-20% of your original balance, plus the ability to increase your regular payment. Use both, and you can cut years off your mortgage without breaking your term.

Some lenders even let this lower your break penalty. Ask what your privileges actually are.

08/21/2026

The closing went smooth because your broker made twenty calls you never heard about.

Lender follow ups, condition chasing, last minute fixes, the stuff that never makes it into a text update. That’s the job behind the job.

08/21/2026

🏆 I’d love your support! 🏆
I’m excited to share that nominations are now open for the Canadian Choice Awards – Mortgage Broker category!
If you’ve worked with me, referred a friend or family member, or simply feel I’ve earned your support, I’d be incredibly grateful if you took a moment to nominate me. ❤️
Every nomination means so much and helps support my business and the clients I’m passionate about helping.
Thank you to everyone who has trusted me with their mortgage journey and continues to support my business. It truly means the world to me! 🙏
If you’d like to nominate me, please vote for:
Alona Rodas – Mortgage Broker
Thank you! 🥰

Canadian Choice Award recognizes the best businesses in Canada of all sizes from SMB to mid-size enterprises. Give the recognition!

08/14/2026

Variable rate penalty: three months interest. Guaranteed.

But not every lender calculates it the same way. Some use your contract rate, others use their prime rate, and that gap can mean real dollars.

Rate alone never tells the full story.

08/13/2026

So you chose the stability of a fixed rate. Smart move, for a lot of people.

But if you ever break it early, the penalty isn’t just about your rate. It’s about how your lender calculates the IRD, and that’s not the same everywhere.

Some use their discounted rate. Others use their posted rate, the inflated sticker price nobody actually pays. That difference alone can mean thousands.

Ask how the penalty is calculated before you sign, not after you need to break it.

08/12/2026

Your bank might give you a decent rate. But will they tell you if it’s not the best one out there?

That’s the difference a broker makes. I shop 45+ lenders so you don’t have to guess.

Drop a “RATE” in the comments and I’ll run your numbers.