Ross Taylor

Author's details

Name: Ross Taylor
Date registered: August 30, 2014
URL: http://www.bersa.co

Latest posts

  1. Five reasons the greater Toronto real estate market is different — February 16, 2017
  2. Private Second Mortgage Solved Big Problems — January 28, 2017
  3. Lowest mortgage interest rate — December 2, 2016
  4. Toronto Mortgage rates expected to rise – the Trump effect — November 15, 2016
  5. What if your appraisal comes in too low — July 16, 2015

Author's posts listings

Five reasons the greater Toronto real estate market is different

Five Reasons the Greater Toronto real estate market is different It has become trendy these days to write headlines which promise the end is nigh! It seems daily we read new articles from reputable banks, government bodies and media outlets declaring Toronto real estate is in a bubble. Recently BMO jumped on the bubble bandwagon. Toronto’s …

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Private Second Mortgage Solved Big Problems

Private Second Mortgage Solved Big Problems Here in the Greater Toronto Area I arrange private second mortgages on a regular basis. I feel private mortgages can be an excellent tool to solve a specific problem. The most common reasons to have a private second mortgage are: Pay off a consumer proposal early Debt consolidation Reputable …

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Lowest mortgage interest rate

“Ring ring” “Hello, Concierge Mortgage Group – how may we be of service today? “Hi I want to know your best five year rate” “Okay sir, no problem. Will that be a hi-ratio mortgage or are you putting down more than 20%?” “Why does that matter? I just want to know your best rate.” “Well …

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Toronto Mortgage rates expected to rise – the Trump effect

Toronto Mortgage rates expected to rise – the Trump effect Last week TD Bank decided to increase their Prime rate from 2.70% to 2.85%. Analysts speculated other banks would follow suit, but not as yet. Yesterday though, a number of significant players in the Canadian mortgage industry suddenly announced significant increases to their five year …

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What if your appraisal comes in too low

What if your appraisal comes in too low Some buyers are being pressured to limit (or even eliminate) conditions in their offer to purchase these days. If you need an inspection, get it done fast before you make your offer. If you are going to need a mortgage, make sure you are pre-qualified well in advance. But …

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What if your appraisal reveals problems

What if your appraisal reveals problems During the recent hot spring market, we had several instances where appraisals played a key role in determining the success of a purchase offer. Today I will share a few stories with you. They are all good examples of how even a rock solid pre-approval does not mean you are …

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Explain Mortgage Amortization Period and Term

Explain Mortgage Amortization Period and Term Mortgage professionals often fall into the trap of presuming knowledge and understanding of our terminology that simply isn’t there – especially with first time home buyers. I was reminded of this when an intelligent, financially responsible new buyer recently asked us how come her mortgage rate was going to …

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Ten reasons to have good credit

Ten reasons to have good credit As soon as my kids turned eighteen, I made sure they had two different bank issued credit cards. And from that day on, we began building their personal credit history. They all now have superb credit, and between them have enjoyed pretty much every benefit listed here. Your bank may …

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Tenants need good credit too

Tenants need good credit too If you have rented an apartment in the past, you know that landlords typically ask you about your credit history. Tenants need a good credit history as much as home buyers looking for a mortgage do. In fact, we believe all Canadians should pay attention to and proactively manage their credit …

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How to Protect Your Credit Score

How to Protect Your Credit Score Be proactive; Nip errors and problems in the bud before they happen. Create an online profile at www.equifax.ca and monitor your credit history once or twice a year. Keep your balances as low as possible relative to their limits. In a perfect world, you would always report zero balances even though you …

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Fixed or Variable Rate Mortgage

Fixed or Variable Rate Mortgage Most people select a five year term when buying, renewing or refinancing their mortgage. And the majority select a fixed rate mortgage over a variable rate mortgage (VRM).  Why is that? Which way to go is probably one of the questions we are asked most frequently in the mortgage business. …

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Pre-approval for a rental property purchase

Pre-approval for a rental property purchase All realtors want their clients to be pre-approved prior to house hunting, and all buyers should want the same thing. This is true even though there is never, ever a sure thing with pre-approvals – since buyer circumstances can change or maybe the property being purchased will not be …

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