Act Now to Save Thousands on Your Mortgage: Expert Advice from Josh Perez

Josh Perez • September 19, 2023

Are you in the market for a new home, thinking about renewing your mortgage, or considering refinancing in the next six to twelve months? If so, there's a crucial piece of advice that could save you tens of thousands of dollars: Act now! This invaluable insight comes from none other than mortgage expert Josh Perez, who emphasizes the importance of getting your mortgage application and documents in order as soon as possible.

You can save tens of thousands of dollars by doing this right now, and that is you need to hurry up and get your mortgage application and documents in now if you're looking at buying a home, renewing a mortgage, or refinancing a mortgage in the next six to

12 months.

The Current Mortgage Landscape

In today's ever-changing financial landscape, interest rates are more volatile than ever before. This volatility can have a significant impact on your mortgage options and costs. Josh Perez's advice revolves around securing and holding rate options for as long as possible, a strategy that can only be accomplished with a well-prepared mortgage application and updated documents in hand.


The Benefits of Early Action

So, why is early action so crucial? Here's how it works: when you submit your mortgage application early, you essentially "lock in" the current interest rates. This means that if interest rates rise during the next six to twelve months, you'll still enjoy the lower rate you secured. On the other hand, if rates happen to decrease, you'll have the flexibility to take advantage of the lower rates, thanks to your prepared application.


The High Cost of Procrastination

Josh Perez warns that leaving these crucial steps to the last minute can have serious financial consequences. Waiting too long before applying for a mortgage can result in hundreds of dollars in payment increases, not to mention tens of thousands of dollars in extra interest payments over the term of your mortgage. Moreover, procrastination can even impact your qualification status, potentially reducing your borrowing power when you need it the most.


The Bottom Line

In a market where interest rates can change rapidly, timing is everything. Josh Perez's advice is clear: if you're planning to buy a home, renew your mortgage, or refinance in the near future, don't wait. Take action now to secure your financial future. By getting your mortgage application and documents in order promptly, you'll not only save money but also gain peace of mind knowing that you've made a smart financial move.

Remember, it's not just about the home you want to buy; it's about the thousands of dollars you can save by acting decisively today. Don't let market volatility catch you off guard. Follow Josh Perez's expert advice and start your mortgage journey on the right foot. Your future self will thank you for it.



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What Older Canadians Should Know About Mortgage Financing

By Josh Perez • October 7, 2026
Retirement doesn’t always mean a mortgage-free life anymore. And that’s okay. Between higher home prices, rising living costs, and longer life expectancy, many Canadians are choosing to retire with a mortgage or refinance later in life to create more flexibility. The goal isn’t perfection. It’s having options that actually support the life you want to live. If you’re thinking about how a mortgage fits into your retirement years, you’re not alone—and you’re not out of options. Why work with an independent mortgage professional? Because retirement financing is not one-size-fits-all. Unlike a single bank, an independent mortgage professional can look across multiple lenders and solutions to find what truly fits your income, equity, and long-term plans—not just what one institution offers. Mortgage options available in retirement Traditional Mortgage Solutions Many retirees still qualify for standard mortgages. Pension income, investment income, and other retirement sources can often be used to support an application. If you have good equity and solid credit, this is often the lowest-cost option. Reverse Mortgages For homeowners 55+, a reverse mortgage can unlock tax-free equity from your home with no monthly payments required. There’s no income verification or medical questions, making it a helpful option for those who want to improve cash flow while staying in their home. Home Equity Line of Credit (HELOC) A HELOC allows you to access your home equity as needed and only pay interest on what you use. Many retirees appreciate the flexibility and like consolidating income and expenses in one place. Private Financing Sometimes life throws a curveball. If timing, income, or credit create challenges, private financing can act as a short-term bridge. It’s not usually the first choice, but it can provide solutions when traditional lenders can’t. If you’re approaching retirement—or already there—and wondering how your mortgage fits into the picture, let’s talk. A clear plan can make retirement feel a lot more secure and a lot less stressful.
Modern two-story house with a garage at sunset, warm lights on and a landscaped front yard

Self-Employed and Turned Down for a Mortgage? Your Income May Need a Different Approach

By Josh Perez • October 6, 2026
Self-employed in Ontario and denied a mortgage? Learn how lenders assess business income, documents, deposits, dividends, and alternative mortgage options.