Josie DiMatteo-Pontes - Mortgage Agent

02/16/2016

The new mortgage rules on homes that cost over $500,000 have kicked in (http://yhoo.it/1okYmde)

Homebuyers can still put down 5% on the 1st $500,000 of a home purchase but will now be required to put at least 10% on the portion of the purchase above $500,000.

Homes over $1 million still require 20% down payment.

New federal rules for Canadian mortgages have now gone into effect.

12/14/2010

Your second HST benefit payment is on its way...check your mail or bank account for an early Christmas gift...

08/16/2010

For some it's a sign that the summer is nearing an end while for others it's time for celebration! Time for some fun Back to School ads...[Foot Locker] - http://bit.ly/bgXjaD | [Staples] - http://bit.ly/9VZZub | [OfficeMax] - http://bit.ly/c3i6F8

Most wonderful time of the year is playing while buying school supplies at Staples.

07/02/2010

HST is now in effect....gas prices over $1.00 again as a result! Hopefully this will create jobs as the government promises it will...

05/31/2010

The weather is not the only thing heating up...thankfully so is our economy!! http://bit.ly/9WnpiP

GDP expands 6.1% in the first quarter, biggest rise in a decade; loonie rises

05/26/2010

With plenty of talk around the upcoming HST, were you also aware of the Ontario Sales Tax Transition Benefit? Essentially it's a benefit of up to $1,000 that is meant to help Ontarians adjust to the new tax. Make sure you file your taxes on time for 2010 and hopefully you already have for 2009 as well. http://bit.ly/bhCso4

03/12/2010

Households that spend more time planning eventually amass more than FIVE times the net worth of those families that devote less time...

http://bit.ly/aKhMIE

The households that spend more hours planning eventually amass more than five times the net worth of those families that devoted less time, writes personal finance blogger Chaya Cooperberg

03/09/2010

With home sales strong and the Spring time expected to continue the pace...lenders are trying to build market share by aggressively offering lower rates...now may be a good time to consider refinancing.

http://bit.ly/cqd0y7

Shop around for sweet deals -- and there are at least a couple

03/01/2010

The Canadian economy expanded by a greater-than-expected 5 per cent in the fourth quarter, raising the likelihood of interest rate hikes later this year. http://bit.ly/d71k6G

Gross domestic product expands at fastest clip in nearly a decade in the fourth quarter, making rate hikes more likely

02/16/2010

"The government is lowering the maximum amount Canadians can withdraw when refinancing to 90 per cent of the value of their homes, from the current 95 per cent, and requiring a 20 per cent down payment for government-backed mortgage insurance on “speculative” investment properties."..contact me for more details...http://bit.ly/cmivvN

Finance minister unveils new mortgage rules needed to prevent ‘negative trends' from developing

01/28/2010

"What are the potential savings if you reduce the rate on a $300,000 variable-rate mortgage taken out last spring to current levels? Close to $2,000 per year, assuming you make 26 biweekly payments. With a five-year term, you could be looking at **more than $6,000 in cumulative, after-penalty savings** if you make your move now." - http://bit.ly/cRn0wZ

With a 10-year mortgage, you're entirely insulated from the coming cycle of interest rate increases

01/20/2010

A reminder that you only have until January 31 to have your home renovation related purchases qualify for the Home Renovation Tax Credit (HRTC) - http://bit.ly/4MBTjd

This page provides information about the home renovation tax credit (HRTC)