Key to Good Credit

You may have heard that the key to a good credit score is making payments on time. If you missed or have been late in making payments to your credit source, the key is to change that immediately. Repayment hostory impacts your credit score significantly. Past credit history makes up…

Refinancing Your Mortgage

Have you ever thought about refinancing your mortgage? Refinancing your mortgage can provide a great source of equity to use to pay down debt. It can allow you to use the funds to complete some home renovations or top up your investments. The Mortgage Refinancing Process The process is simple,…

ReAdvanceable Mortgage

A readvanceable mortgage may be unfamiliar however, if you wonder about accessing your homes equity, this is the best product. You can access as much or as little as you wish. You can pay less when borrowing and become debt-free sooner. It's all up to you. This is due to…

Separation Agreements

Separation agreements, they are the key component required when looking to purchase a home. In today’s world, mortgage and lender qualifications become complicated with a “separated” marital relationship status. If you're married or civil partners seeking a legal separation, decisions about the house and mortgage will form part of the…

Low Rates!

Is it time to take advantage of low rates. If you took out a mortgage in 2016 and 2017, it might be time to explore an early renewal or refinance. Depending on what your mortgage penalty looks like, it might be worth it. We can add $3000 of your penalty…

Buying Your First Home.

Buying your first home? Here’s what you need to know. Buying your first home is one of the most exciting and rewarding moments in your life! People dream of the perfect home but not the perfect mortgage however Mortgage Tailors does. Our first-time homebuyer section guide's you through the steps…

Homeownership Steps

There are many steps to homeownership before getting the keys to a new home, and the biggest challenge these days is getting approved. Typically, most buyers would visit their local bank however in today's changing environment, mortgage brokers have more options to help secure a mortgage. Let’s look at why…

Mortgage Deferral

Mortgage deferral, how to stop Mortgage Payments during the Covid 19 (Corona Virus Crisis) To proactively ward off damaging your credit there is a Federal support program in place that you can stop or defer mortgage payments if you reach out to your current banks (lenders) directly. Preserving the stability…

Legal Separation?

Need a legal separation? Separating from a spouse is emotionally draining. This is often compounded when the largest asset in many relationships, the matrimonial home, is a factor. Sometimes, both parties want to sell and buy new homes but other times, one person may want to keep the home and…

Prime Rate Drops

Prime rate drops, how does this affect your variable rate mortgage? As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from me on the recent Bank of Canada announcement on changes to their…
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