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…

Identity Theft

Identity theft has been on the rise so I thought I would share some information to protect yourself from identity theft. How to Spot Identity Theft 1. Review your credit report regularly to spot suspicious account openings. 2. Check banking transactions regularly. Report anything strange immediately. 3. Recognize, and look…

Budget for Closing Costs

If you have been thinking of buying a home, you’ve probably started saving for the down payment. But have you considered how much you will need to save for the closing costs? If you haven’t, you are not alone., most people often forget or do not plan for closing costs.…

Condo Doc Review

Condo Document Review When you purchasing a condo, you are buying into a business. You want a nice condo, but you also want to buy into a well run and financially healthy condo corporation. During your condo purchase, you will have an opportunity to review the condo documents. They outline…

First Time Homebuyer?

What you need to know! If you are ready to step into homeownership by buying your first home, the easiest way to have a smooth and stress-free home buying experience is to do the following: 1. Find A Good Mortgage Broker Ask for recommendations from friends and family. Check them…

Mortgage Pre-Approval

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…

Mortgage Decline?

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…

Rates & Rule Changes

Due to the recent Government Rule changes, putting a large down payment on a home in Edmonton doesn't mean you get the best rates anymore. Savers with a larger down payment literally get you a higher interest rate than someone who puts less than 20% down payment. Within the last…

Why Get Pre-Approved?

Why get pre-approved? Are you shopping the market for a new home but have no idea where to start? Well our team at Mortgage Tailors can help guide you throughout the Sherwood Park mortgage process. If you are a first time homebuyer then you may not know about the perks…