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My Rates

6 Months 3.10%
1 Year 2.44%
2 Years 2.14%
3 Years 2.34%
4 Years 2.59%
5 Years 2.64%
7 Years 3.24%
10 Years 3.79%
6 Months Open 3.10%
*Rates subject to change and OAC
BROKERAGE LICENSE ID
11995
Cecilia  Ragragio Mortgage Agent

Cecilia Ragragio

Mortgage Agent


Phone:
Address:
1024 Kennedy Road, Toronto, Ontario

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Many Canadian homeowners pay too much for their homes because they are not getting the best mortgage financing available in the market.

The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier.

But I’m here to help!

I’m a VERICO Mortgage Advisor and I’m an independent, unbiased, expert, here to help you move into a home you love.

I have access to mortgage products from over forty lenders at my fingertips and I work with you to determine the best product that will fit your immediate financial needs and future goals.

VERICO mortgage specialists are Canada’s Trusted Experts who will be with you through the life of your mortgage.

I save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal. So whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’m the VERICO Mortgage Advisor who can help you get the right financing, from the right lender, at the right rate.

BLOG / NEWS Updates

COSTS ASSOCIATED WITH CLOSING A HOME

Your mortgage isn't your only expense when buying a home. In fact, there are several closing costs that you must pay before you can take possession of your house (to take possession means the home is now legally yours). Many of these costs are listed below: Appraisal Fee: This is the cost for a professional to come to your property to assess its value. Your mortgage lender or mortgage default insurer may require an appraisal to determine whether the selling price is reasonable for that market. GST: You must pay the Goods and Service Tax (or Harmonized Sales Tax) on a newly constructed or substantially renovated home. Resale homes do not require a GST payment. Some of this can be recovered with the GST/HST rebate for new or substantially renovated homes. Home Inspection Fee: This covers the cost of a professional inspection of your home. Hiring an inspector is voluntary but recommended for resale homes, and usually costs $400-$600. Property Insurance: Since your lender has a large stake in your home, they will often require you to purchase insurance against fire and weather-related damage. It is also a good idea for you to purchase 'contents' insurance to protect your valuables. Land Transfer Tax: This is a tax charged to buyers in most provinces, usually based on the purchase price. Legal Costs: This includes fees charged by your lawyers or notary for services such as conducting a title search, drafting a title deed and preparing the mortgage, and registration fees. This will cost over $500. Mortgage Default Insurance:High-ratio mortgages (those with less than 20% down payment) generally require mortgage default insurance. The cost is usually added to the mortgage and ranges from 1%-3.25% depending on the amount of your down payment. Mortgage Life Insurance: Special insurance coverage to cover the cost of your mortgage in the event of death or severe illness is available from most lenders. Moving Expenses: Costs will vary, depending on whether you do it yourself, rent a truck, or hire professional movers. Prepaid taxes, Utility Bills and Other Charges:Any previous owner may have prepaid some bills before the closing date, which you will have to reimburse them for. All taxes, utility bills, and other charges incurred after the closing date become your responsibility. Utilities: Most utility companies charge for hooking up your services and replacing any previous owner's names with your name on the bill. (Source: Genworth Financial)

10 WORST FIRST-TIME HOMEBUYER MISTAKES

Are you gearing up to buy your first place? Arm yourself with these tips to get the most out of your purchase and avoid making 10 of the most costly mistakes that could put a hold on that sold sign. 1.Not Knowing What You Can Afford As we've all learned from the subprime mortgage mess, what the banks says you can afford and what you know you can afford or are comfortable with paying are not necessarily the same. If you don't already have a budget, make a list of all your monthly expenses (excluding rent). Subtract this total from your take-home pay and you'll know how much you can spend on your new home each month. 2.Skipping Mortgage Qualification What you think you can afford and what the bank is willing to lend you may not match up, so make sure to talk to your mortgage broker and get pre-approved fora loan before placing an offer on a home. Beware that even if you have been pre-approved for a mortgage, your loan can fall through at the last minute if you do something to alter your credit score, like finance a car purchase. 3.Failing to Consider Additional Expenses Once you're a homeowner, you'll have additional expenses on top of your monthly payment. You'll be responsible for paying property taxes, insuring your home against disasters and making any repairs the house needs. If you're purchasing a condo, you'll have to pay maintenance costs monthly regardless of whether anything needs fixing because you'll be part of a building strata. 4.Being Too Picky Go ahead and put everything you can think of on your new home wish list, but don't be so inflexible that you end up continuing to rent for significantly longer than you really want to. First-time homebuyers often have to compromise on something because their funds are limited. 5.Lacking Vision Even if you can't afford to replace the hideous wallpaper in the bathroom now, it might be worth it to live with the ugliness for a while in exchange forgetting into a house you can afford. If the home meets your needs in terms of the big things that are difficult to change, such as location and size, don't let physical imperfections turn you away. 6.Being Swept Away Minor upgrades and cosmetic fixes are inexpensive tricks that are a seller's dream for playing on your emotions and eliciting a much higher price tag. If you're on a budget, look for homes whose full potential have yet to be realized. First-time home buyers should always look for a house they can add value to, as this ensures a bump in equity to help you up the property ladder. 7.Compromising on the Important Things Don't get a two-bedroom home when you know you're planning to have kids and will want three bedrooms. Don't make a compromise that will be a major strain. 8.Neglecting to Inspect Before you close on the sale, you need to know what kind of shape the house is in. You don't want to get stuck with a money pit or with the headache of performing a lot of unexpected repairs. 9.Not Choosing to Hire an Agent or Using the Seller's Agent Once you're seriously shopping for a home, don't walk into an open house without having an agent. Agents are held to the ethical rule that they must act in both the seller and the buyer parties' best interests. 10.Not Thinking About the Future It's impossible to perfectly predict the future of your chosen neighbourhood, but paying attention to the information that is available to you now can help you avoid unpleasant surprises down the road. (Source: Globe Mail)

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TD Bank Scotia Bank First National B2B Bank Home Trust
MCAP Merix Industrial Alliance Optimum Canadiana Financial
Equitable Bank ICICI Bank Fisgard Capital  RMG Mortgages Street Capital