Trusted Tips and Resources

Trusted Tips & Resources

Trusted Regina mortgage expert gives us some valuable information about Refinancing.


Refinancing...is it for you?

Canadians today face many reasons to refinance their mortgage. For example, you may have been working at improving your credit score and now qualify for a new mortgage with a better discount, or you may want to stabilize your payments by changing from a variable rate mortgage to a fixed-rate. Refinancing is also a good option to pull out equity for consolidating debt, home improvements, investments, college expenses, and more.


Refinancing isn't necessarily a bad thing or term

There are many things that play a role in whether or not refinancing is a good move.  The first thing is to determine what your overall goal is by refinancing.  It can answer many questions for you including providing you with these benefits.  Why do you want to refinance?

  • Getting a rate that reduces your monthly payment while being low enough to offset the costs of refinancing is one common reason to refinance
  • Paying down higher interest debts like credit cards or loans or lines of credit .
  • Having your monthly payment reduce to help you pay off your mortgage quicker as your not incurring more debt but able to now focus on just paying the mortgage off
  • Buying a rental property or 2nd home(cottage).
  • Increase your quality of life now, maybe buying a boat or trailer for those family outings.
  • Doing some investments and get a higher rate of return on your investments and borrowing the money at a lower rate for the mortgage.
  • consolidate their high-interest debt to reduce their overall interest rate and free up hundreds of dollars in cash flow every month.
  • Doing some much-needed renovations to your home using the existing equity to increase the value of your home it's a win-win.

Here is something most people don't know when considering when doing a refinance all costs can be included in the mortgage including lawyer fees and penalties. 

When done correctly, a refinance can save families money on long-term interest.

If you are curious to know how much can save if you refinance your mortgage this calculator will help you find out!. 


Trusted Regina Financial Advisor Chris Worby talks about Household Finances and the 25 % rule.

Finding the shortest and safest route to any of your dreams requires planning and only with a carefully thought out financial plan can you be sure to make the most of your resources and to protect against risks along the way.  At Worby Wealth Management, Chris will do his best to help you achieve those dreams with a plan that is tailored to your specific needs and based on your individual situation.

Let Trusted Regina Financial Advisor Chris Worby of Worby Wealth Management help you live your dream!

Expert Financial Advice Regarding Household Finances.


The truth is that financial management is boring. I mean, it sounds interesting when you watch movies and they’re yelling, “Buy, Buy! Sell, sell!” But this behaviour does not make you rich – in fact, it can have the opposite effect.

Smart people understand one thing – tactics do not win the battle, logistics do. And one of my best pieces of advice is the 25% rule.

It essentially breaks down like this: If you want to attain financial security contribute 25% of your net monthly income towards your net worth. It is very important that financial security has very little to do with being ‘rich’ but everything to do with having the resources available to have options throughout your life.

Net worth is composed of two things: Assets and Liabilities. I think of liabilities as the hole requiring filling and think of the assets, as the mountain you build with your resources.

A few notes about each. Paying down credit cards does not fit into the asset/liability described above. Credit cards are consumption. If you have already made errors and are carrying balances, then you need a plan to pay them down and it can be worked into a liability repayment plan. However, further credit card debt becomes consumption rather than a liability.

Big expenses – trips, renovations, etc. should be paid for with funds that have been saved in advance; they should not be financed. The reasons are many. First, once you start down the ‘financing fun’ road, it can be hard to maintain discipline. Second, a trip paid for and fully funded is less stressful. Third, something you pay for as you go tends to be better planned out and fits your budget – and studies show that planning your spending is almost as fun as the actual spending.


Building assets is then the ‘exciting’ part, right? “Buy, buy, sell, sell” and all that. Actually, it is very hard to get rich quickly and fairly easy to get rich slowly. Using pension plans and RRSP, TFSAs and RESPs to accomplish your family’s plans can be done well over time but the ‘get rich quick' schemes rarely work out.

Find a strategy you are comfortable with and run it as a discipline. If you are going to buy and hold, never deviate. If you are going to move with certain market cycles like a momentum system, or act as a value manager, do this and never change it. Make sure you do your homework upfront to get a working system and then never change. Mistakes in investing come from emotion.

But none of that happens without a strategy – and the spending strategy that works best is using 25% of your net, monthly income to build your net worth. Not only do you have funds available to build assets and pay down liabilities but you also create a buffer in case something bad happens. You aren’t living at capacity with your finances, you have options.

And that is financial security.


Some of the services that Worby Wealth Management can help you with: 

TRUSTED REGINA FINANCIAL ADVISOR Chris Worby from Worby Wealth Management helps you live your dream!



Trusted Regina welcomes another amazing new partner Prairie Boys Spray Foam!

We are so pleased to announce this great addition to the Trusted community!  

When I spoke with Cody's references I quickly found out that not only did they had a great product, but they were an amazing crew. The testimony below is an excellent reflection of why they have been approved to be a Trusted Regina partner.

"At the start of my reno's for the basement suite portion I was asked about insulation batting or spray foam?? Once I was informed spray foam would not only help with keeping in heat in the winter but would keep water out in the summer I jumped at the chance. 

Cody and the crew from Prairie Boys Spray Foam were amazing with the work that was done. In one afternoon they were in and out and all done with no mess and no fuss. Once the install was done there has been not only no water issues in the basement suite, but the temperature in the area has also improved greatly. No longer needing to have the heat cranked upstairs to keep the basement warm. 

I will definitely be going back to Prairie Boys for insulation in the future and will be passing along the name for others as well.”  Jolene Kainz

Prairie Boys Spray Foam will help create comfort in your home by insulating with 2 pound polyurethane spray foam insulation. Whether it’s a new construction or renovation project, Prairie Boys Spray Foam will increase the efficiency in heating and cooling your home. Air leakage will be significantly reduced while energy cost savings will grow.




Prairie Boys Spray Foam strongly recommends insulating: Wall Cavities, Garages, Additions, Crawl Spaces, Attics, Roofs, Ducts, Rim Joists and basements.

For more information about Prairie Boys Spray Foam check out their listing. 




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Saskatoon, SK   S7K 1N7
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