Richard Tartaglia - Mortgage Broker

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Richard Tartaglia - Mortgage Broker

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Experienced Bank Mortgage Specialist gone Mortgage Broker, now with access to over 67 lenders in Canada. Dedicated to Working for you, not the banks!

Richard is a dedicated mortgage professional that puts his clients at the center of every conversation. He is passionate about providing an exceptional mortgage service experience, with timely responses and unique recommendations that meet his clients' specific financial needs. He graduated with a degree in Economics from McMaster University and started his career in banking in 2011 where he acquired numerous accreditations, licenses, and promotions. Throughout his 6+ years of experience he developed a very strong knowledge of mortgage financing and an extensive network of professionals in the industry. Richard won Scotia Bank's prestigious 'Best of the Best' award for overall performance on 3 separate occasions as Senior Financial Advisor. Richard left the bank to provide his clients with a wider variety of mortgage options and lenders, and now has access to over 50 lenders in Canada, including traditional bank mortgages. Whether you are looking to purchase a home, refinance, consolidate debts, or renew your mortgage, Richard will guide you in making the smart financial decision that works best for you! Since Richards business is built primarily through referrals from satisfied customers, your positive mortgage experience is essential!

10/14/2026

If you or someone you know is a first-time home buyer with an FHSA and your purchase is closing in December - read this!

Your FHSA could save you thousands more.

Most first-time buyers take their First Home Savings Account (FHSA) money out before closing. But the rules let you make your tax-free withdrawal up to 30 days after you get the keys, and that timing can be worth real money.

Heres how it works. Every January, each person gets a fresh $8,000 of FHSA contribution room. If you close in December, your 30-day window carries into the new year. That means you can:

1. Close on your home in December.

2. In early January, put in another $8,000 using the new years room.

3. Then make your tax-free withdrawal, still within 30 days of possession.

For a couple earning around $100,000 each, thats an extra $16,000 in tax deductions, or roughly $5,000 back in their pocket, just from the timing of one withdrawal.

One thing to plan for: if your FHSA stays invested until after closing, youll need other funds to cover your down payment and closing costs on closing day, then pay yourself back.

Thats exactly the kind of detail I map out together with my clients, along with their accountant.

If you or someone you know is buying a first home, send them my way to chat before they make any FHSA withdrawals.

05/28/2026

Is Your Mortgage Working For You?

If you're making your mortgage payment every month while also carrying a credit card balance, a car loan, or a line of credit - you're likely paying interest on both ends of a problem that one conversation could solve. Most people don't realize their mortgage can be the solution, not just another bill.

Here's the math. Credit cards charge 19-22%. Unsecured lines of credit run 7-10%. A well-structured mortgage or HELOC today sits in the 4-5% range. If you have equity in your home, consolidating that high-interest debt could dramatically reduce what you're paying every month - and free up cash flow you've likely been missing for years.

A common hesitation is amortization. Yes, refinancing can extend it - but your new lower payment becomes the floor, the minimum you're required to pay. Nothing stops you from paying more. Increase voluntarily and you're paying your mortgage off just as fast - but with the option to pull back if life gets unpredictable. That flexibility is what creates the breathing room to automate savings into an RESP, RSP, or TFSA, build a 3 to 6 month emergency fund, and start compounding your net worth year over year - with every dollar that used to go to high-interest debt now working for your future instead.

Here's what your bank will never help you with. Penalties aren't fixed - they fluctuate throughout your term. We have tools that pinpoint exactly when your penalty is at its lowest, so if breaking early makes sense, we can time it to minimize the cost. With more Canadian mortgages maturing this year than any other point in history, a lot of people are sitting in exactly that position right now.

If any of this resonates, DM me - A quick conversation is usually all it takes.

Your Success Doesn't Just Happen, We Plan For It.

And if someone you know is carrying high-interest debt and owns a home, feel free to share - it might be the most valuable information they receive this week.

03/18/2026

It’s been a little while since my last update, and with everything going on globally I wanted to give you a quick, up to date and simple breakdown on how this is impacting mortgage rates here at home.

As of right now, fixed rates are being pulled in 2 directions - up when bond yields rose due to surging oil prices (to about $95/barrel, the highest since 2022), and down when softer inflation data, weaker U.S. economic momentum, and a very slight pullback in oil prices provided some relief this week.

We’re in a bit of a tug-of-war.

Fixed rates could be a strong option right now given the uncertainty, but it’s worth noting that variable rates have recently moved below fixed - and have historically outperformed over time.

There’s no one-size-fits-all answer.

At the same time, the Bank of Canada is expected to hold rates this week at 2.25% for now. The reasoning is pretty straightforward: Inflation has cooled, but we have an oil wildcard. The bank doesn’t want to cut too early and risk inflation picking back up. At the same time, the economy is showing signs of slowing so they’re also not in a rush to hike.

With this being a big year for mortgage renewals, it’s important to stay ahead of things. We can hold rates for up to 120 days, and I’m having a lot of great conversations right now with clients locking in very competitive rates for upcoming renewals - all while navigating the current volatility. We’ve been securing excellent mortgage solutions that fit client’s needs and long-term goals.

The headlines matter, but your plan matters more. If you’re coming up for renewal or just want to explore current available options, it’s always worth a quick conversation to make sure you’re positioned properly.

Schedule a call here:

Address

5140 Yonge Street , Unit 1410
Toronto, ON
M2N6L7

Website

http://www.richardtartaglia.com/

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