Cognitive Capital
250 Consumers Road, Suite 905 M2J 4V6 Toronto, ON, Canada

Consolidate debts from higher-interest rates to one single lower interest rate

What an awesome way to mix parenting & marketing working from home! Who wants $100??

INTEREST RATES ARE PLUMMETING!!! If you are in a closed mortgage of 3% or more, you can save $10's of thousands of dollars in interest over the next 5 years by breaking your mortgage now and taking advantage of these lower rates. If you want to find out what your penalty is and how much you could be saving give me call! 647-355-1823

The Bank of Canada has dropped their qualifying rate for the first time in over a year! 5.34% --> 5.19%. This will allow potential buyers to afford a little bit more in mortgage financing. Hopefully we will continue to see this downward trend in the future...... Read about it here: https://www.theglobeandmail.com//article-canadas-mortgage/

Always a good day catching up with our lenders!

"Why is my interest rate with a major bank higher than my neighbours with an institution I've never heard of before?" I get asked this question a lot. While there can be many reasons, the most simple is this. Your major bank is brand name. It's like the Mercedes of mortgages, but ultimately does the same thing a Toyota does....get's you from A-B. Unlike a Mercedes however, nobody sees you driving your mortgage around... and it doesn't increase your social status. ... While major banks have a lot of brand power, they also have a lot of overhead costs to give you access to a branch on almost every street corner. Your neighbours lender, although you might have never heard of them before, is regulated by the exact same body as the bank... however, all they do is mortgages. There are no costs for branches, and no attention being given to any other type of product (i.e., chequing & saving accounts, investments, insurance, etc). The upside to this is that they are literally experts in exactly what you are looking for... a mortgage. They spend all of their time understanding the ins and outs, and often provide better service to your mortgage than a major bank can simply because that is all they do. That being said, this is not to discredit the brand name banks, I know plenty of clients who are not so concerned about rate, but more about their mortgage product itself. Sometimes that unique product is offered at a major bank. Something to think about when shopping for your next mortgage: what is most important to you? -Saving money on interest costs? -Flexibility of your mortgage product? -Both?

Yesterday I spoke with a realtor who said "all broker's have access to the same stuff, and nobody can get approved for a mortgage". While I respectfully disagree with that statement for a number of reasons... there is a huge difference between having "access" to a lender and having a "relationship" with them. Having "access" gets your clients file in line with the potential of being approved in 2-4 business days and closed over 10 days after that.... Having a relationship gets your clients file to the front of the line, approved in a few hours, at a lower rate than your competitors, and closing in 4 business days. I don't simply have access to lenders... I have relationships with them. Another happy client, another skeptic realtor turned believer, and another win for my competitive self I love what I do.

How long have you been making minimum payments on your credit cards, line of credit, and personal loans? Is your balance even moving...? Are you enjoying your new home renovations as much as you could be with the debt left behind reminding you your dream kitchen costed more than you thought it would? ... Is your credit score suffering?

Are you a home owner in a consumer proposal or bankruptcy? Did you know that you can wipe out your remaining balance and save yourself hundreds of dollars a month by doing so? The best part? Fast-tracking your credit repair. ... Ask me how!

Had a fantastic time at the 2019 Canadian Mortgage Awards! Congrats to all the winners, and cheers to a successful remainder of the year!!

Educating yourself is the to success! I want all my people to get rich; the city of Toronto is a brand at this point. We’re an NYC in the making... only better, ya feel me . Owning property here will be VERY lucrative for you, and generations to come!! Make sacrifices now... roll around in your lambo later. Ya heard it here first What situations can you get away with putting 5% down? 5% down on the first $500,000... 10% down on the next $500,001-$999,999 (I forgot a 9 in the video... shoot me, I’m too focused on yelling at the camera) 20% down on $1,000,000+ 20% down on rental properties UNLESS you’re facilitating housing I.e., duplex, triplex, or other multi unit homes. #GTAMortgageBroker #Mortgages #Investing #Financetips #Toronto #RealEstate See more

"What is your best rate"? MY best rate is x... but that doesn't mean it is your best rate! Would you prefer a quick answer or an accurate answer? Would you prefer an empty extravagant promise or a realistic, less extravagant, option?... I get this rate question a lot, and often from people unwilling to tell me anything about themselves. They are often frustrated when I give them a range of rates, as opposed to one rate. What a lot of people don't know is: your rate depends on you, not on me. Here are just a few things that determine what rate you qualify for: -How you make your money: salary, self-employed, commission? -What is your credit? -What is the loan amount compared to the value of your home? -Is your mortgage going to be insured by CMHC or a comparable body? -Where is your property/what is your property like: is it in a major city on municipal services, or is it in the boonies on a well and septic tank? These are things to keep in mind next time you ask your mortgage professional "what is the best rate you can get me"? Be weary of mortgage professionals who quotes you a rate without knowing anything about your situation. You may find yourself disappointed later when you provide your information and realize that rate is not actually available to you. Take the 5 minutes to have a quick chat and let your mortgage professional understand your current situation and future needs so they can provide you with the most accurate options. That way YOU have the power to choose, as opposed to being a few days from the closing of your house, realizing the option you thought was available isn't, and now you have no time to find an alternative.

Thinking about refinancing to consolidate your debts or take cash out of your home for renovations? Here are 3 things to think about: 1. INCOME: do you make enough money to support the size of an increased mortgage?... 2. EQUITY: is there enough equity available in your property to access? 3. CREDIT: there are lenders for all credit types, which do you fit in with? These are the first 3 things I speak to new clients about. Everyone's time is important, I don't like wasting mine, and I don't want to waste yours either! These 3 simple things can determine quickly what options are likely to be available to you.

Huge success story from a recent refinance! This family is saving big $$ in 2019! www.farrugiamortgages.com

Average rent is expected to increase 11% this year in the GTA. Hard to believe this, considering it is already so difficult to find a comfortable and affordable space.

Question: I’m looking into purchasing my first home, how do I know if I’ll qualify for a mortgage? Here are 3 simple things to consider: 1 Credit Score 2 Downpayment ... 3 Income These 3 things work together to determine where and what you qualify for! When one factor changes, the others are likely to be affected too. My first video... exciting and nerve wracking. Looking forward to answering more questions and hopefully getting a few guest speakers to enlighten the next generation about the world of finance and how to absolutely crush it. Whether it’s managing your own, or learning something new to make money, hopefully you can learn a few things. #mortgagebroker #mortgage #financetips #mortgagetips

I wanted to share a recent success story with you guys. This client found themselves experiencing serious financial difficulties after her and her husband were both laid off in the same year. By the time they secured new full-time positions, they had accumulated a significant amount of credit card, personal loan debt, and even a second mortgage. They were fearful of losing their home....until they met me. ... I gave them 2 options. See the proposal sheet attached for more details. The benefit of the first: peace of mind. The simplicity of one simple payment, and great monthly savings. The benefit of the second: double the monthly savings. Both options also give them a large amount of cash back, so they have savings for the next time they see a rainy day. Not only did I provide options to solve the problem today, but I also ensured they had security for the future as well. This client went with option 1. Why? They had been so stressed with all of the payments they had accumulated, they wanted the peace of mind in knowing they only had one payment, even if it meant passing up on additional savings. The point here is that every client is completely unique, and so are their needs. The other point, is that there are many ways to look at and solve the same problem. All you need is a mortgage professional who knows how to do it. If this seems like something you or someone you know could benefit from, get in touch with me 647-355-1823. I'd love to show you what options are available to you.

With home affordability at its lowest point in over a decade... it is crucial now more than ever to have a mortgage professional who REALLY knows what they are talking about. How a mortgage professional structures your file to a lender can be the difference between getting approved and getting declined. Rather than taking no for an answer, let's talk about HOW you can get into the market, or HOW you can save money on your mortgage and other debts. ... A lot of young people are taking advantage of pre-builds. Saving hundreds of thousands AND building their equity net worth. Ask me how! Also, Check out this article: https://www.cnbc.com//mortgage-refinance-applications-hit-|linkedin&par=sharebar

To all my young-adult followers looking to get into the housing market: you're getting better rates than your parents. Here's why... https://business.financialpost.com//why-your-neighbours-ki