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First Time Home Buyer Incentive

  Hi, I am Lucia Gugliuzzi Mortgage Broker Before beginning your first-time home search, you should consider discussing with a mortgage broker in Ontario. The discussion will provide you with valuable insights into the advantages and drawbacks of the process. Here are some mortgage basics for your information. Mortgage benefit for First-time home buyers in Ontario. There are tax credits that only First-time Home buyers can use. Having large amounts of debt on your credit card can have a detrimental impact on your credit rating. To boost your credit score, you should: 1. Pay your bills on time: Late payments can have a negative impact on your credit score. Make sure to pay all your bills, including credit card bills, loans, and utilities, on time. [...]

August 23rd, 2023|

Importance of Working Capital and How to Calculate It

Working capital is really important for businesses. However, many business owners don't fully understand its importance or how to calculate it. In simple terms, it is the difference between a company's current assets and its current liabilities. It shows how much money a company needs for its daily tasks and is crucial for understanding its financial health. To enhance its working capital, a business can also decrease its short-term obligations. The company can avoid taking on unnecessary or expensive debt and try to get the best credit terms. The business should be cautious about its expenditures, both externally with vendors and internally with its available staff. When a business is very busy, the accounts for the things the business owns and owes money for are likely to change. Consequently, by the time financial data is compiled, it is likely that [...]

November 17th, 2021|

After the rate hike….what’s next!

Let's find out about the types of mortgage rates Variable-rate mortgages and lines of credit are subject to Bank of Canada changes. This will also affect Bank Prime rates, which can possibly cause financial stress. Since the last year, we have seen a significant change in mortgage rates. Based on the bond market, fixed-rate mortgages had already been trending upward. If you have a fixed rate mortgage, you aren't affected until it's time to renew. Remember that with the rate increases, we are not in a low-rate environment. So, this allows us to look at the next course of action. We've also seen mortgage rate increases by triple the rates available in January 2022. But rates have risen, so here are answers to the questions I'm getting: Should I jump into the market now? Actually, my advice is always [...]

January 25th, 2018|

The Advantages and Disadvantages of Buying a New Home vs. an Existing Home in Vaughan, ON

  Are you planning to invest in Real Estate? If you're planning on investing in real estate, then you're going to have two main options: to buy an existing home or buy a new home in Vaughan, ON. An existing home is a house that has been lived in before, whereas a new home is a house that has just been constructed and has never been lived in, although the term also refers to houses that are still in the pre-construction phase. There are a lot of advantages to this, but you may want to consider the drawbacks as well before you make a final decision. The Advantages of Buying a New Home: Customization options when you buy a pre-construction property If you decide to buy a home that's still in [...]

January 3rd, 2018|

Can You Afford to Buy a New Home in Vaughan,ON?

Is Purchasing a New Home in Vaughan, ON in Your Budget? Buying a new home in Vaughan, ON doesn't have to feel like an overwhelming experience. Below are some things to think about that might help you make a more informed decision. If you're throwing your hard-earned money away on rent each month, putting that same amount towards your own home could be an incredible advantage. However, it's also imperative to consider whether you can afford the costs associated with a mortgage, property insurance and potential repairs that might be necessary in the future. Evaluating Local Prices It's not uncommon for home prices to be unusually high in the majority of Canada but to be relatively low within a specific city. It can be tempting to move forward with purchasing a home even in the midst of spiking prices in [...]

December 20th, 2017|

Best Guide When Buying Your First Home in Vaughan, ON

  Buying a first home in Vaughan, ON is an exciting time in an individual's life. You may already have a family that needs more than simply a good structure to protect them against the elements. In addition, making sure your first home is a good investment can also secure your financial position in the future. Home seekers should consider a number of important points when looking for their first home: A Fairly Priced Home Finding the right home at the right price is every homebuyer's dream. You may have to do a significant amount of searching to find that perfect residence. Knowing how much you can afford and how big a mortgage is available to you at a good rate is an important part of this process. Many homebuyers find that pre-qualification for a [...]

December 6th, 2017|

Seven Inexpensive Home Staging Ideas for a Quick Sale for people in Vaughan, ON

  When your Vaughan, ON home is on the market, first impressions matter more than ever. If a potential buyer doesn't like what they see in the first few minutes, that bad start could color the rest of their experience. If you want your home to sell fast and for top dollar, you need to look at the property through the eyes of a potential buyer. That can be difficult to do, but it is vital to ensuring a profitable sale. You could spend hundreds of dollars on professional staging for your home, but you don't have to spend much money at all. With a few simple ideas and some common sense, you can make every first impression a great one. Here are seven inexpensive ways to stage your home. 1. Brighten up your mailbox [...]

November 15th, 2017|

Credit Card Debt vs Mortgage Debt for people in Vaughan, ON: Which Should You Pay Off?

It's always a good idea to pay down your debt when you have extra cash on hand. However, as you get started, you will probably be faced with several types of debt you can work on, and it's hard to know which is best. Your credit card has a maximum amount you can borrow and your monthly payments are based on how much you currently owe. Your mortgage, on the other hand, has the same payment amount each month and a fixed target payoff date; you don't add to the loan balance. The better type of debt to pay first depends on your situation. Choose the Most Financially Advantageous Path On a purely financial level, it is best to focus your extra payments on paying off the debt with the highest interest rate. In most [...]

November 1st, 2017|

Buying Your First Vaughan, ON Home? Be Prepared for These 5 Startup Expenses

  If you are in the market for your first Vaughan, ON home, you've probably saved a substantial amount of money for the down payment. You researched closing costs, sought out the best deal on a mortgage, and maybe even found pre-approval before you started shopping. But have you thought about the other expenses of home ownership? These little expenses can take first-time buyers by surprise. Here are five essential start-up costs that you need to include in your home ownership budget. 1. Changing the Locks The day you get the keys to your very own home will be one of the biggest days of your life, but you will want to get a new set of keys as soon as possible. You can expect to spend several hundred dollars rekeying all the locks in your home and having [...]

October 18th, 2017|
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Don’t just take my word for it.
See what my clients say.

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“Our experience with Lucia was a thoroughly enjoyable one. We felt fully supported during the entire process. We can’t wait to begin our next mortgage adventure with Lucia Gugliuzzi (Lic. 12296). Thank you so much!”

Alex P, from Richmond Hill, Ontario

A man with short hair and a red shirt.

” My experience with working with Lucia is a memorable one, she is very professional, but is also very down to earth as well, she knows her job very well, and is more than willing to go above and beyond for you. Thank you so much Lucia!”

Khem, from Markham, Ontario

Frances ProtopapasFrances Protopapas
02:50 28 Nov 23
I am so satisfied over the years of many mortgage transactions for myself that I had recommended Lucia to my children, whom in turn have used her many times with satisfaction. My children in turn have also referred Lucia to their friends for a great experience.We feel Lucia is experienced, knowledgeable and has good resources to then follow up with the lawyers to make sure the process is completed in a timely manner. Lucia is an honest, dedicated broker and I continue to recommend her to anyone that wants to get it right the first time.
Barry CaverlyBarry Caverly
18:53 16 Nov 23
We could not be more happy with the interactions we had with Lucia during our latest house purchase. She is so professional and represented us very well to the lenders and we feel she worked extremely hard to get us the best possible deal.We highly recommend her to anyone looking for a mortgage.
Katrina & NathanKatrina & Nathan
17:56 09 Nov 23
Lucia has been incredible to work with, and she has helped us tremendously in securing a great mortgage rate for our first home together! The level of professionalism she displayed from start to finish was impeccable. She was always attentive, would listening to our concerns, and always made herself available to answer our questions. She was always communicating with us and advocated for us throughout the process. Trust me, you will not get this kind of service anywhere else!
Eric AshfieldEric Ashfield
23:00 25 Aug 23
Lucia always offers calm professionalism and absolute dedication to my best interests. She is not judgemental but at the same time, she is practical and absolutely honest. I was right to trust her and you can too! A top, honest professional.
Kalidas KalimuthuKalidas Kalimuthu
22:11 17 Aug 23
Response and friendly communication move to next step.
Anjana SharmaAnjana Sharma
19:36 30 Jul 23
She is very knowledgeable and helpful. She guided us the right path just through a phone call.
Emelle YalcinEmelle Yalcin
18:39 20 Apr 23
Lucia is an AMAZING mortgage broker!! We trusted her to get us the best mortgage rate and she delivered AGAIN. She works very hard to get you the best deal and keeps you informed all through the process. She was an absolute pleasure to work with. I would highly recommend her to anyone, especially 1st time home buyers. Thank you Lucia!
Atena HAtena H
00:27 23 Dec 22
My family and I are living in our new home about half a year now and it would never have been possible without the skilled determination and expertise of Lucia. We were previously working with someone else before Lucia that ended very badly and we were left discouraged and without hope. Lucia came referenced to me by my boss and I'm still thanking him to this day. My husband didn't have much history in terms of credit being a travelling musician all his life, but somehow Lucia made the impossible happen. Securing us with a great rate, terms and borrowing account.She loves what she does and it shows! Its hard to find that these days especially in mortgage brokerage. I hope to work with her again someday if we every choose to move again. It would be a pleasure.
Dolores BrennanDolores Brennan
23:15 13 Dec 22
Lucia was an absolute pleasure to deal with, professional beyond words and totally went above and beyond to help us out with a very difficult financial arrangement. She is so knowledgeable about current market trends and has such patience and determination to make sure she gets you what you need was remarkable.I would highly recommend this amazing lady whose work ethics are incredible.
Ryan CurryRyan Curry
22:35 25 Mar 22
Lucia was able to help me secure my mortgage renewal at a great rate. I was under pressure to lock in the best rate as fast as possible and she made it happen without sacrificing a fraction of a point. She has great interpersonal skills and knowledge of the industry. She worked very quickly and efficiently. Her super quick response time to texts and phone calls was astounding. All in all a great experience. Thank you, Lucia!
Nat BarnesNat Barnes
17:41 08 Jun 21
I can't believe I'm writing this, but Lucia actually made getting a new mortgage a FUN experience! She is an absolute expert in her field, she is tenacious, and she clearly puts her clients first. But even more than that, Lucia is a genuinely kind and thoughtful person who took the time to get to know my family to understand our goals, limitations, and dreams for a new home. Every interaction with Lucia is enjoyable. At the end of the day, she got us exactly what we needed at a great rate... and made it a great experience. I recommend Lucia without reservation.
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