As of June 2022, we are currently seeing unnatural discrepancies in the size of mortgage loans borrowers will qualify for,...
JoinedApril 2, 2019
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Ross Taylor has been in the financial services sector for more than 30 years and is acknowledged as a leading expert in the Canadian mortgage industry. Ross has been a finalist on five separate occasions for national awards in the Canadian Mortgage Industry, and was the recipient of the Mortgage Professionals Canada Financial Literacy Leadership Award in 2017 and was a winner at the Mortgage Awards of Excellence in 2021. He writes an extensive blog at www.askross.ca/articles
For the past two years, appraisal valuations have rarely fallen short.
All eyes have been on the Bank of Canada’s rate tightening and its impact on variable mortgages, but now there are fresh concerns given the flurry of recent increases to 5-year fixed mortgage rates.
Some mortgage borrowers' confidence in variable rates may be tested as the Bank of Canada's overnight target rate starts its inevitable climb upwards, perhaps as early as this week.
Last year, we noticed an increase in the number of mortgage applicants who are still on probation at their jobs.
With fixed rates on the rise, a mortgage pre-approval can be a total game-changer.
As mortgage brokers, we should assume our clients and prospects have access to much of the same information we do. But sometimes they don’t, and in such cases we can focus on finding the best lender solution.
Proving the source of your clients’ down payments can sometimes be the most time-consuming part of arranging a mortgage. Even...
Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But...
As mortgage professionals, we are sometimes asked to solve problems slightly outside the scope of our mandate. Naturally, we must take care not to position ourselves as tax experts, accountants or lawyers.
