Mortgage Tailors Blog

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Yearly Mortgage Checkup

With spring/summer approaching quickly, now is the perfect time to consider scheduling your yearly mortgage checkup. Spring is a popular time for a mortgage refresh. It’s also the most common time of year to buy or sell a property. There is no charge or obligation for having a Mortgage Professional

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Conditional Mortgage Approval

Conditional Mortgage Approval What does conditional mortgage approval really mean? Conditional mortgage approval is when a lender approves a mortgage based on the information, they receive from a mortgage broker. When they issue a commitment it comes with conditions. If the conditions are satisfied, such as income verification and down

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Are you ready to get out of debt?

Are you ready to get out of debt? Debt is something most Canadians carry. Getting out of debt provides both financial and emotional relief so eliminating the debt allows a fresh start. Let’s say you own a home for 7 years and carry 2 credit cards, one for 5,000, one

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What is an Insured Mortgage?

An insured mortgage is when there is less than a 20% down payment on a property. An insured mortgage (often referred to as a high-ratio mortgage) is one that is covered by mortgage default insurance. The default insurance is paid by the consumer. It is usually added to the mortgage

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Home Buying Process

The home buying process shouldn’t start by visiting a bunch of open houses or show homes. It should start with a personalized mortgage plan and include a budget. This is why your first step should be after deciding that you want to purchase a home is to seek a mortgage

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Credit Challenges

Mortgage Professionals can help guide clients with credit challenges, check out a few of our tips.

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Key to Good Credit

Key to a good credit score is based highly on repayment history.

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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,

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ReAdvanceable Mortgage

Get access to your home equity with a readvanceable mortgage.

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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

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