Graham came recommended from a coworker of mine, and I'm glad I went with him. Friendly, knows what he's doing, and always got back to me quickly whenever I needed any help with anything.

25-Aug-17

Dale D.

Article Courtesy of Michelle Lapierre, Mortage Broker with Mortgage Tailors

This is a heads up to buyers and the Realtors who assist them! A couple of weeks ago we got to see an unintended consequence of the mortgage rule changes that now require a stress test on insured mortgages. Buyers with less than 20% down need to qualify at the Bank of Canada Benchmark Rate, not the lower contract rate they are actually getting.

The stress test has been in effect since last October. But, two weeks ago...

The Bank of Canada has raised its key interest rate as expected to 0.75 per cent — the central bank's first move upward in the cost of borrowing in seven years.

The bank's target for the overnight rate — at which major financial institutions make one-day loans to each other — moved up by one-quarter of a percentage point from 0.50 per cent.

In a statement accompanying the rate decision, the central bank said the Canadian economy has been robust, fuelled by household...

How To Prepare For Your Home Purchase

Recent mortgage rule changes have had a significant impact on a purchasers' buying power. More than ever, planning ahead for your purchase can impact your mortgage qualification. Knowing what mortgage lenders look for can help you to maximize your purchasing power. 

Understanding Your Maximum Purchase Calculation (GDS/TDS)

All mortgage lenders and insurers look at affordability ratios when reviewing your mortgage application....

Clear, concise, and professional.  Graham had 3 offers for us the first day our house was listed, with two of the offers being over list.  We are pleased with how he handled our sale and will not hesitate to refer him to others.

19-Apr-17

Justin and Monica