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My Rates

1 Year 2.44%
2 Years 2.14%
3 Years 2.35%
4 Years 2.49%
5 Years 2.59%
7 Years 3.24%
10 Years 3.79%
*Rates subject to change and OAC
BROKERAGE LICENSE ID
10317
Mike Puccini Mortgage Manager

Mike Puccini

Mortgage Manager


Phone:
Address:
610 Wright Ave Unit 3, Dartmouth, Nova Scotia

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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. 

 

How to Shop for a Mortgage 


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

A 60% Stock / 40% Bond Portfolio Is Ideal?

A 60% Stock / 40% Bond Portfolio Is Ideal?But what about the standard investing gospel, like our much beloved 60/40 stock-bond portfolio? Well, in the most recent (and certainly not last) crisis, they provided about as much protection as a five-dollar umbrella in a hurricane, but you knew that. The real issue is that our bedrock principles actually have quite a poor long-term track record for safety and consistent returns.At first glance, the results of this standard allocation don't look so horrible: a long term average annual return of 4%. But this is a wonderful example of just how misleading statistics can be. The damning truth is such a portfolio suffered six collapses in the last century in which the losses exceed 20%...utter disasters that each took more than a decade to recover from in real terms. There is no reason to expect this pattern to change.The lesson is loud: in our ever more volatile and complex world, a long-only, domestic stock and bond portfolio is inadequate. Those traditional securities represent only a tiny sliver of the potential investment universe: many of the best opportunities are simply, elsewhere. Even more to the point, the biggest key to long term wealth is loss avoidance; and, I bet you've noticed traditional portfolios are subject to periodic, devastating, crashes.

5 Financial Reasons to Buy a Home

5 Financial Reason To Buy a Home1.) Housing is typically the one leveraged investment available. Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.2.) You're paying for housing whether you own or rent. Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord.3.) Owning is usually a form of “forced savings".Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.4.) There are substantial tax benefits to owning. Homeowners are able to deduct mortgage interest and little secret your Banker has not told you. On top of all this, capital gains are exempt from taxes. 5.) Owning is a hedge against inflation.Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition.Bottom LineWe realize that homeownership makes sense for many Canadians for many social and family reasons. It also makes sense financially.

MY LENDERS

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