Blog - Edmonton Mortgage Brokers

Self- employed and looking to buy a home? Qualifying rules have changed!

October 5, 2018 By mt-admin

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[caption id="attachment_70" align="alignnone" width="930"] Edmonton Mortgage[/caption] With more than 410,000 Albertans who are self- employed, times have changed when it comes to qualifying for an Edmonton mortgage. With the B 20 Stress test in place having Albertans to qualifying at the Bank posted rate (currently 5.34%) many can qualify for…

Residential Market Update: Sherwood Park

October 5, 2018 By mt-admin

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[caption id="attachment_474" align="alignnone" width="1024"] Sherwood Park Mortgage Broker[/caption] Buying a home has a lot of benefits, such as being an excellent investment in your financial future, however, it could also be the biggest expense you ever have. This is why it is important to review the current market statistics for…

How Buying A Home Can Help Plan For Your Retirement

September 6, 2018 By mt-admin

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[caption id="attachment_445" align="alignnone" width="1024"] Sherwood Park Mortgage[/caption] If you are starting to plan your future, it might be time to think about purchasing a house. There are many benefits to owning a home, such as more privacy, artistic freedom to decorate your home however you would like, and community involvement.…

You Can’t Live In Your Car!

September 6, 2018 By mt-admin

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When qualifying for an Edmonton mortgage, your income, and debts that you have determine what purchase price you are able to buy at. I hear quite often from clients that they have worked hard to build and maintain great credit, saved a down payment and are ready to make the…

A Mortgage Pre-Approval – What is it? And why do you need it?

August 16, 2018 By mt-admin

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Due to all the Government Rule Changes, now more than ever do you require a Mortgage Pre-Approval in place before you go house shopping. With having to qualify for your home purchase at the Qualifying Rate of 5.34% for an insured mortgage, you may not qualify for as much as…

How A Purchase Plus Improvements Mortgage Works

August 2, 2018 By mt-admin

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[caption id="attachment_431" align="aligncenter" width="1024"] Purchase Plus Improvements Mortgage[/caption] If you are looking to buy an older home that needs some extra work done, than a purchase plus improvements mortgage may be the right option for you. As your local Sherwood park mortgage broker, our team at Mortgage Tailors is here…

Has Your Mortgage Application Been Declined?

July 25, 2018July 25, 2018 By mt-admin

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You have spent all this time and effort to complete your mortgage application then you're devastated when it is declined and don’t understand why? Knowing why a mortgage application is declined can certainly help you figure out what needs to be touched up in order to meet both lender and…

Renting vs. Buying in Sherwood Park

July 5, 2018 By mt-admin

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Taking the plunge into homeownership can be a daunting experience when you have always rented a home. You may be wondering if you should even make the change and buy a home or is it more beneficial to continue to rent? Well, as your local Sherwood Park mortgage broker, our…

Helpful Hints On Saving A Down Payment To Purchase A Home

June 19, 2018 By mt-admin

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As an Edmonton Mortgage Broker for over 17 years, I have heard many times over that I am tired of renting but have a hard time-saving money for my down payment. I am basically making a mortgage payment but instead paying it to rent. Saving a down payment can be…

How to Deal with Your Mortgage When Getting a Divorce

June 2, 2018 By mt-admin

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If you are in the middle of getting a divorce, you may be wondering what you have to do with your current mortgage. To help alleviate some stress, your local Sherwood Park and Edmonton mortgage broker has listed a few helpful options on ways to deal with your mortgage when…

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