Apply For A Pre-Approval Mortgage Ahead Of Time We have access to multiple major lending institutions across Canada, and have built a network of lenders who are ready to help the clients we serve, so your options are extensive. In addition to traditional lenders, we also know what’s being offered by credit unions, trust companies and private lenders. We also source your mortgage default insurance if your down payment is less than 20% of the purchase price. Apply for a pre-approval mortgage ahead of time so you will know how much you can afford and what your payments will be before you…

Is it time to renew your mortgage? If your mortgage is up for renewal soon you should take the time to meet with or get in touch with a professional mortgage broker to start looking at all the options you have available to you. At the time of mortgage renewal it is a great opportunity to assess if your mortgage needs have changed and decide what you want your new mortgage structure to look like going forward. At the end of your term your existing lender will offer you a moderate discount over the “posted rates” and all you have to do…

Are you considering consolidating your debts? Refinancing your mortgage in order to consolidate debt is very common and in most cases a smart thing to do. When sending several payments to different banks and creditors for credit cards, line of credit, and auto loans for example it’s easy to miss a payment. With high-interest rates, you can fall behind on your payments; which lowers your credit score. Consolidation combines your bills into one lower monthly payment, saves you the worry of keeping up with multiple loan payments every month, it’s easier to pay off your debt and it saves you money by…

Buying a home and need a mortgage? Congratulations, you’re buying a new home and have come to the right place for unbiased mortgage guidance. For many, buying a home is the biggest decision of their lives and can easily become stressful and overwhelming. It’s widely advised that you consulted a mortgage agent to ensure you reach your homeownership goal smoothly. Canadian Tailored Mortgage Solutions agents have built and had maintained working relationships with multiple lending institutions including banks, trust companies, credit unions, and other alternative lenders across Canada; which gives us access to many different mortgage products that helps us to better…

Considering A Private Mortgage? Let’s Discuss Your Options Private mortgages are ideal short-term secured loans lasting as little as 3 to 24 months per term (each deal varies from case to case). This mortgage is suited for individuals who almost qualify at a traditional lending institution but might need some more time to build up their credit, save for a larger down payment or grow their income or net-worth. Traditional lending institutions are stringently red taped and focus heavily on income and credit score. Private/Alternative lenders’ on the other hand, focuses primarily on equity and is more flexible in the way borrowers…

Maintain ownership and control of your home. Start living a better retirement today! With a Reverse Mortgage you can stay in the comfort of your home without having to move or sell, make no monthly payments, and live a financially stress-free retirement on your own terms. What is a reverse mortgage? A Reverse mortgage is a way for homeowners 55 or older to turn up to 55%* of the value of their home into tax-free cash. It is a loan secured against the value of the home, that does not require monthly mortgage payments for a long as you live in your home. Your…

Buying an investment property is rapidly becoming the preferred investing method in recent times. Since real estate values usually rise as time passes, it is considered a secure option to invest in. Nonetheless, to enjoy a profitable investment there are certain factors that you need to consider before buying an investment property. Decide on whether you are going to hold on to the property for an increase in real estate value before selling or are you going to make profits within a few months by renting out the property. Each of these types of investments comes with certain outcomes that require…

The Second mortgage will go behind the current first mortgage on the property the mortgages will take security on. Some reasons people may choose to do a second mortgage are: Debt consolidation / Pay off creditors House / Cottage renovations Pay off property taxes that are in arrears Extra cash flow Bring mortgage arrears up to date Avoid power of sale Purchase a second property Start up cash for a business Weddings, Tuition etc. Although second mortgages can help borrowers get out of tough situations, there are always additional costs to consider. Such as, higher interest rates, interest only payments, lender, brokerage, lawyer fees and appraisals. They are more expensive…

Do you have dreams of building your own home that suits your personality and lifestyle? There are options available to you to get you on the way to building the home of your family’s dreams. Building your home from the ground up can be a stressful process, we make sure getting a construction mortgage won’t be. It’s important to sit down with your mortgage professional and contractor to discuss your financing in the initial phases to come up with a realistic budget, expectations and estimated timeframe for building your new home. That information along with your proof of income/assets, credit history…

When in need of a commercial mortgage it’s very important to first discuss your situation and options with a mortgage broker as the criteria can greatly differ from that of a residential mortgage. Lenders will assess the property condition, value ,zoning, the borrowers financial situation, and what type of business to determine the best pricing and terms. Down payments required and rates for commercial mortgages vary and are determined on a case by case basis.

Renovations are a great way to increase your home value and enhance your living space. Tapping into your home equity in order to make things like your dream kitchen or bathroom a reality can be an easy solution. Your home value plays a big role in determining how best to structure your renovation loan. We work with our clients to tailor the best payment options for their needs and to ensure a well thought out exit strategy is discussed. When discussing options to finance your renovations, home equity loans, and home equity line of credits are all great options. The option we…