The Power of Belief and Relationships in Building Wealth: Insights from a Mortgage Expert

Josh Perez • March 19, 2024

I've got something important to share – something that could potentially change the way you view your financial journey. You see, after spending over a decade in the mortgage industry, I've come to realize that one of the most significant obstacles people face is their own self-doubt.

"Surrounding yourself with the right people who share your drive for progress can fast-track your success. It's about tapping into opportunities, having meaningful conversations, and ultimately building wealth."

Let's rewind to 2009 when I first dipped my toes into the world of mortgages, starting out in the banking sector. Fast forward to today, and I've had the privilege of engaging in countless conversations about people's financial situations. And let me tell you, I've witnessed some truly remarkable transformations.


Imagine sitting down for a casual coffee chat with me and browsing through my extensive database. You'd be amazed by the stories we'd uncover – tales of everyday individuals who defied the odds and achieved extraordinary financial success. But here's the kicker – these success stories weren't fueled by sheer luck or chance. No, they were the result of unwavering belief in oneself and the power of relationships.


You see, I firmly believe that surrounding yourself with the right people can propel you toward your goals faster than you ever thought possible. It's about forging connections with individuals who share your passion for progress and are eager to support you on your journey. These connections open doors to opportunities, spark insightful conversations, and ultimately pave the way for wealth-building endeavors.


I've seen firsthand how expanding your network and embracing a positive mindset can lead to incredible outcomes. It's about believing in yourself and the limitless possibilities that lie ahead. Together, we can turn dreams into realities and create a future filled with financial abundance.



So, let's embark on this journey together – one filled with optimism, determination, and unwavering belief in our potential. Together, we'll unlock new opportunities and chart a course toward financial prosperity.

Here's to believing in ourselves and the incredible journey that lies ahead.


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Deposit vs. Down Payment: Key Differences for Homebuyers

By Josh Perez • February 18, 2026
When you’re buying a home, two terms often cause confusion: deposit and down payment . While they’re related, they serve very different purposes in the homebuying process. Here’s what you need to know. What Is a Deposit? A deposit is the money you provide when you make an offer on a property. Think of it as a show of good faith that proves you’re serious about purchasing. How it works : Typically, you provide a certified cheque or bank draft that your real estate brokerage holds in trust. If your offer is accepted, the deposit remains in trust until the deal moves forward. If negotiations fall through, the deposit is refunded. Connection to your down payment : Once the sale is finalized, your deposit becomes part of your total down payment. Why it matters : The amount is negotiable, but a larger deposit can make your offer more attractive in a competitive market. Keep in mind, however, that if you back out after conditions are removed, you risk losing your deposit. What Is a Down Payment? Your down payment is the amount you contribute toward the purchase price of your home when securing a mortgage. Minimum requirement : In Canada, the minimum down payment is 5% of the home’s purchase price. Anything less than 20% requires mortgage default insurance. Sources : Down payments can come from your savings, the sale of another property, RRSP withdrawals (through the Home Buyers’ Plan), a gift from family, or even borrowed funds. Example: How They Work Together Imagine you’re buying a $400,000 home with a 10% down payment ($40,000). When you make your offer, you provide a $10,000 deposit . Once conditions are met, that deposit is transferred to your lawyer’s trust account. At closing, you add the remaining $30,000 to complete your full down payment. The lender provides the rest—$360,000—through your mortgage. The Bottom Line Your deposit shows commitment and secures your offer, while your down payment is what makes the mortgage possible. Together, they work hand in hand to get you into your new home. 📞 If you’d like clarity on deposits, down payments, or any other part of the mortgage process, let’s connect. I’d be happy to walk you through it step by step.
Cozy armchair next to a small wooden table with a mug and an open book. Sunlight streams through a window.

Is a 5% Down Payment a Mistake? Here’s the Unpopular Truth.

By Josh Perez • February 15, 2026
Discover why a 5% down payment isn’t always irresponsible. Learn when a low down payment is a smart financial move for Ontario homebuyers and when it’s a risk.