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 You Need to Know About Mortgages and Parental Leave

By Josh Perez • July 8, 2026
If the title of this article caught your attention, chances are your family is growing. Congratulations. If you’re thinking now is the right time to move into a home that better fits your growing family—but you’re unsure how parental leave affects your ability to qualify for a mortgage—you’re in the right place. Here’s the good news. Qualifying for a mortgage while on parental leave is possible when it’s done correctly. When you work with an independent mortgage professional, lenders can often qualify you based on your return-to-work income , as long as you can provide documentation confirming you have guaranteed employment waiting for you. A word of caution If you walk into a bank branch and disclose that you’re currently on parental leave, there’s a chance the bank will only allow you to qualify using your parental leave income. That can significantly reduce your borrowing power. Parental leave income is typically limited to 55% of your previous earnings, up to a weekly maximum. Qualifying on that amount alone can restrict your options and impact the type of home you can purchase. Why lender choice matters One of the biggest advantages of working with an independent mortgage professional is choice . You’re not limited to one lender’s rules or products. Some lenders will allow you to qualify using 100% of your confirmed return-to-work income , which can make a meaningful difference in your approval amount and overall options. What you’ll need to qualify Most lenders will require an employment letter that includes: Employer name (preferably on company letterhead) Your job title Original start date (to confirm probation has been completed) Confirmed return-to-work date Guaranteed salary upon return Lenders want reassurance that your income will resume once parental leave ends. You may also be asked to provide income history from the past couple of years, which is standard for most mortgage applications. One important note Whether or not you actually return to work after parental leave is entirely your decision. From a mortgage perspective, qualification is based on having a confirmed position available to you at the time of approval. If you have questions about qualifying for a mortgage while on parental leave—or anything mortgage-related—please connect anytime. I’d be happy to walk you through your options and help you plan with confidence.
Suburban two-story house with a front porch, two-car garage, and a large tree-lined lawn.

Gifted Down Payment in Ontario? Don't Skip This Step

By Josh Perz • July 7, 2026
Using a gifted down payment to buy a home in Ontario? Learn exactly what lenders require — and the common mistakes that can delay or derail your approval.