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My Rates

6 Months 3.10%
1 Year 2.29%
2 Years 2.14%
3 Years 2.24%
4 Years 2.39%
5 Years 2.34%
7 Years 3.09%
10 Years 3.69%
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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It PAYS to shop around.

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

BENEFITS OF MORTGAGE DEFAULT INSURANCE

If you're buying a home and are borrowing more than 80% of the home's value,the mortgage must be insured. This insurance protects the lender against borrower default, and enables them to give you mortgage financing for the purchase of a home with a small down payment.Mortgage default insurance can make a big difference in how quickly your mortgage loan is approved. Mortgage default insurance is not the same as life or disability insurance, which pays off your mortgage in full if you or your spouse dies. Lower down payment funding available Mortgage default insurance is a win-win solution for both home buyers and lenders. Lenders rely on mortgage default insurance to protect themselves from financial losses in case a loan is not repaid. Because lenders have this protection, they are willing to offer loans with very low down payments - as little as 5% of the loan amount. Buy your dream home For loans without mortgage default insurance, most lenders require a down payment of 20% of the purchase price. That's a lot of money, especially in today's housing market of fast-rising prices.Mortgage default insurance allows you to start enjoying the benefits of home ownership when it is financially right for you. How it works If you have less than a 20% down payment, you'll pay a mortgage default insurancepremium which can be capitalized into your mortgage.This premium will be based on the percentage you borrowed of your home's total value. Down payment Amortization Period Premium Rate 5% - 9.99% 25 Years 3.15% 10% - 14.99% 25 Years 2.40% 15% - 19.99% 25 Years 1.80% For example: For a $200,000 house with 5% down payment, 25 years amortization Purchase Value= $200,000 Down payment= $10,000 ($200,000 x 5%) Amount= $190,000 ($200,000 - $10,000) Insurance premium= $5,985 ($190,000 x 3.15%) Total Loan amount= $195,985 ($190,000 +$5,985) There are many types of mortgage default insurance products, allowing you to buy a home with a very low down payment. Please call me to see if mortgage default insurance can help you achieve your home ownership dreams.

SAVING FOR A DOWN PAYMENT

How will you save enough money for a down payment? Saving enough money to buy a home can seem over-whelming. But with a sensible savings or investment plan, you may get your down payment faster than youthink. 1. Personal Bank Accounts - open a personal bank account and set aside money specifically for your new home. Make a habit of paying into this account regularly, just as you pay your monthly bills.2. Investments (TFSA, Stocks, Savings Bond) as the money in your bank account grows, or if you already have money set aside, you may want to invest. 3. Using RRSP's towards your down payment - Registered Retirement Savings Plans are a good way to secure your financial future while enjoying tax benefits today. You may also be able to use your RRSP saving towards the purchase of a home. The current Home Buyers Plan lets first-time home buyers withdraw up to$25,000 from their RRSP to buy or build a home. The amount withdrawn is treated as a loan and must be repaid within a 15 year period, starting in the third year after the withdrawal.

MY LENDERS

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