Brian Patey Mortgage Broker NL: The Mortgage Group

Brian Patey || January 23, 2020

When it comes to mortgage break penalties, big banks are often the worst

Committing to a mortgage for five long years exposes people to the most insidious aspect of residential financing: prepayment charges. And when it comes to such charges – the penalties you pay come...

Brian Patey || January 10, 2020

How does income from a rental property create RRSP contribution room?

Q. I understand that net rental income creates RRSP contribution room—so, even as a retiree, I should be able to accumulate additional RRSP room. Does foreign net rental income add to RRSP...

Brian Patey || January 08, 2020

Reduce your holiday debt

Happy New Year! As we enter this new decade, do you have some spending regret? You promised to stick to a budget; you promised to scale down and have an old-school, back-to-basics, holiday. But some...

Brian Patey || January 03, 2020

Morneau Ordered to “Review” Stress Test - making the borrower stress test more dynamic

The directive from Prime Minister Justin Trudeau to Finance Minister Bill Morneau on Friday was short and sweet: “Review and consider recommendations from financial agencies related to making the...