The Homebuyer’s Guide to Fixed and Variable Mortgage Rates

Mohamed Konate

Mohamed Konate, MBA Mohamed Konate is a licensed Mortgage Agent (FSRA #10530, Mortgage Alliance) and Life & Health Insurance Broker (Elite Harvest Financial) based in Whitby, Ontario, serving families and businesses across the Durham Region and throughout Ontario. With over 15 years of experience in the Canadian financial industry — including senior roles at major banks — Mohamed combines deep expertise in mortgages, life insurance, and financial strategy to help clients buy homes, renew or refinance their mortgages, and protect their families with tailored insurance solutions. He is also the founder of MyRateCompass.ca, a trusted Canadian personal finance website offering unbiased insights and practical tools to empower consumers. Mohamed holds both a Bachelor’s and MBA in Business Administration from Quebec universities, and is passionate about making complex financial decisions simple and accessible. 👉 Learn more about working with Mohamed – Mortgage Broker in Ontario 👉 Connect at EliteHarvestFinancial.ca

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Published by Mohamed Konate | Updated Aug 25, 2025

The Homebuyer’s Guide to Fixed and Variable Mortgage Rates

Reading Time: 4 Min Fixed vs. Variable Mortgages: A Simple Guide (Canada) Fixed vs. Variable Mortgages: A Simple Guide When you’re shopping for a home loan, you’ll make a key choice: a fixed-rate or a variable-rate (adjustable) mortgage. Both have pros and cons. Understanding the differences will help you pick what fits your budget, goals, and comfort with risk.… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Understanding Credit Card Rental Car Insurance

Reading Time: 2 Min The world of finance is complex, and rental car insurance is no exception. Peeling back the layers of credit card rental car insurance, a common yet intriguing feature on many cards, is quite an adventure. Credit card rental car insurance can get complicated, so this section breaks down the key details in a straightforward way… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Smart Shopping: Proven Ways to Save Big on Holiday Spending

Reading Time: 5 Min The festive period brings cheer and festivity, yet it can strain your wallet with the cost of presents and social gatherings piling up. However, there are ways to save money and stay within your budget while still enjoying the holiday season, we’ll provide effective advice on economical holiday spending in this guide. 1. Plan… Continue reading

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Published by Mohamed Konate | Nov 22, 2023

Understanding Canada’s Minimum Wage Structure

Reading Time: 3 Min Grasping the concept of minimum wages in Canada is complex due to the different rates found throughout its provinces and territories. Let’s thoroughly explore the intricate details of minimum wages within the nation. Federal Minimum Wage in Canada Starting April 1, 2023, Canada introduced a nationwide minimum wage of $16.65 an hour, previously determined… Continue reading

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Published by Mohamed Konate | Updated Feb 04, 2025

What is the total cost of ownership for a car ownership

Reading Time: 2 Min Purchasing a car extends beyond the initial price at the car showroom. The actual costs begin accruing when you hit the road after the purchase. Many aspiring car buyers must fully grasp the comprehensive expenses of car ownership. To make a well-informed purchasing decision, it is imperative to comprehend the multiple elements that factor into… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Types of Credit Cards in Canada

Reading Time: 4 Min Types of Credit Card Previously, owning a credit card was easy: one card for one person and for all transactions. Today, you can own two or more credit cards depending on your lifestyle. With a range of fees, interest rates, and reward programs, it’s now more important to know which credit card best suits… Continue reading

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