Mortgages By Jeff - TMG The Mortgage Group

09/04/2026

Wishing you all a safe and happy Labour Day weekend!

09/02/2026

Today, the Bank of Canada held the policy rate, yet again, making it 7 months straight at 2.25%.

What does this mean for your mortgage or mortgage considerations? Reach out and let's discuss!

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

08/27/2026

With summer winding down, now is a good time to give your mortgage a quick check-in before busy fall routines begin. Reviewing your home financing now can save you time and money later.

Take a moment to check in with your current rate, renewal cycle and even consider refinancing options so you can go into the busy fall season with complete peace of mind.

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08/19/2026

When shopping around for your mortgage, lenders often have similar, if not the same, rates.

But that's not where the comparison ends.

It's important to understand the nuances of the lending terms. Mortgage Brokers compare prepayment allowances, porting rules, penalty rates, and skip payment options, among other things, to ensure your mortgage is best suited to your unique situation. We take the time to understand and ensure you are paired with a mortgage that fits your financial goals.

Not sure where to begin? Buying a home is one of life's biggest decisions. Working with an experienced Mortgage Broker takes away the guesswork. You gain peace of mind with clear explanations and guidance every step of the way.

08/10/2026

Thinking about using your skip-payment option on your mortgage? Pausing a payment can give your bank account some quick relief, but it's not without cost.

When you skip a payment, the lender adds the missed interest straight to the total amount you owe on your home. This means you will end up paying interest on top of that extra balance. Without plans to make up for that payment in the short term, you could end up adding thousands of extra dollars to your home loan over time.

Be sure you run the numbers before hitting pause, so you are not surprised when your term finishes.

08/04/2026

When your mortgage is coming up for renewal, you can expect your current lender will be sending out their early renewal offer with the promise of the best rate and likely a promotional discount. But that quite often isn't your strongest option.

It's easy to just sign back the auto-renewal to your current lender, but that can be costly if you're not asking the right questions.

• Is that rate truly competitive? Often times lenders save their best rates for new clients, not renewal clients.
• Is this term right for you? A lot can change in a 5-year mortgage term. Now's the time to make sure you're not restricting yourself.
• Do you have any debt worth consolidating? You can roll other debts into your mortgage and save on higher interest rates at renewal time.

Most importantly, be in the know and don't leave money on the table. Trust an experience mortgage broker to be on your side and make sure you secure the right mortgage for your current budget and lifestyle.

07/31/2026

Enjoy the Long Weekend!

07/28/2026

Considering a move? A conversation with Debbie and I can help with your decision.

Big changes often begin with small decisions.

If a move has been on your mind, now might be the perfect time to start exploring your options.

Debbie is always happy to answer questions and help you create a plan.

07/27/2026

Are you considering investing in real estate for a rental property?

A clear plan involves research into the market and thoroughly understanding your financing options.

Instead of jumping into looking for active listings, begin with market research into the areas you're interested in buying. Identify the style of property you're interested in (detached, Semi-detached, condo, tri-plex etc) and learn what you can realistically generate in monthly rental income.

Next, consider costs outside of the mortgage including property taxes, maintenance fees, condo fees, and allocate funds annually into savings to be ready for repairs and professional management if you plan to be hands-off. Allow wiggle room for tenant transition periods expecting vacancy between old and new tenants.

Finally, have a mortgage broker you can trust to guide you through the process. We can review your goals and build a customized financing strategy that ensures your investment is set up for long-term profitability!

Having a smart mortgage plan will also support your pre-approval process.

07/22/2026

Looking for ways to pay down your mortgage faster? One successful strategy that's not too tight on the budget can be switching to an accelerated by-weekly payment schedule. By making half payments every two weeks instead of monthly payments, you will have paid 13 full monthly payments in the course of a year instead of 12. And that extra payment goes directly onto the principal balance saving you thousands in interest over time.

If your mortgage is $400,000 at a 5% interest rate with a 25-year amortization, accelerated by-weekly payments would take approximately 3.5 years off of the mortgage, saving close to $40,000 in interest payments!

Ready to see how much time and money you can save on your specific mortgage? Let’s chat and look at the numbers to see what makes the most sense for your budget!