Boc Sept 7th Rate Announcement
Bank of Canada Rate Hike Announcement
After yet another Bank of Canada rate increase, we can expect the banks’ prime rate to increase commensurately. Here is the full fallout of the latest rate hike: ...
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Mortgage Stress test - Everything you need to know and more
Mortgage Stress test – Everything you need to know and more
Many homebuyers ask me how the new mortgage stress test rules affect them. Is the mortgage stress test just for purchasing a home? Do you have to pass the stress ...
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When Do You Need a Co-Signer For Your Mortgage?
When Do You Need a Co-Signer For Your Mortgage?
Mortgage qualifying rules are stricter than ever before. Mortgage rates are rising, and homes are more expensive in Canada. In this market, it's not always easy qualifying for a mortgage ...
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Recent Articles

what are your options for debt relief as a homeowner
When a Homeowner Has Too Many Debts
If you’re a homeowner who wants to get on top of their debts in today's market, we generally offer 3 solutions. This morning, Doug Hoyes and Ted Michalos posted a ...
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Boc Sept 7th Rate Announcement
Bank of Canada Rate Hike Announcement
After yet another Bank of Canada rate increase, we can expect the banks’ prime rate to increase commensurately. Here is the full fallout of the latest rate hike: ...
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Should I Convert My Variable Rate Mortgage to Fixed?
Should I Convert My Variable Rate Mortgage to Fixed?
Homeowners in Richmond Hill, Mississauga, Toronto and the GTA with variable interest rate mortgages watch in dismay as the Bank of Canada ratchets the Overnight Rate. Should you convert to ...
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Variable Rate Mortgages Are About To Hit Their Trigger Rate
Variable Rate Mortgages Are About To Hit Their Trigger Rate
What is about to happen to variable rate mortgages? Most variable rate mortgages have static monthly payments, which protect the borrower’s cash flow from changes to the Prime Rate. Four ...
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COVID-19

How to Fix or Rebuild Credit Fast in Canada
How to Fix or Rebuild Credit Fast in Canada
Situations often arise where a new mortgage application, or car loan/lease, is impacted by a credit score that's lower than ...
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COVID-19 Impact on Canadians' Financial Well-Being
COVID-19 Impact on Canadians’ Financial Well-Being
Running commentary and news updates on COVID-19's impact on banking, real estate, mortgages, government relief programs, personal credit, and other ...
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COVID-19 EI Benefits and CERB Updates -- Q & A from Social Media
COVID-19 EI Benefits and CERB Updates — Q & A from Soc...
Stay at home orders have forced many Canadians to be temporarily out of work and collecting government benefits for the ...
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COVID-19 Q & A: Is It Possible to Renew a Mortgage While In a Consumer Proposal?
COVID-19 Q & A: Is It Possible to Renew a Mortgage While In ...
A reader asks whether COVID-19 has affected her ability to renew a mortgage while still in a consumer proposal, and ...
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Mortgages 101 -- What You Need to Know Before Applying For a Mortgage
Mortgages 101 — What You Need to Know Before Applying For a...
Most first-time buyers lack sufficient funds to purchase their home outright and require loan financing (a mortgage) to make it ...
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Good Credit Hygiene Saves Over $100K On Typical Mortgage
Good Credit Hygiene Saves Over $100K On Typical Mortgage
Many services are available to give Canadians free access to their credit scores, but the problem is they all provide ...
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What Does a Private Mortgage Cost?
What Does a Private Mortgage Cost?
Private mortgages have a number of costs you may not expect, and different terms and benefits than traditional mortgages. Rather ...
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Private Mortgage FAQs: What Is a Private Mortgage and When Would You Need One?
Private Mortgage FAQs: What Is a Private Mortgage and When Would ...
Despite increasing in market share by nearly 50% in less than a year, most Canadians don't know what private mortgages ...
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How To Bypass Canada's Mortgage Stress Test When It Gives a False Negative
How To Bypass Canada’s Mortgage Stress Test When It Gives a...
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases ...
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What is a Consumer Proposal?
What is a Consumer Proposal?
Consumer proposals are an important part of the Canadian insolvency process, and are the main alternative to filing for bankruptcy ...
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Using Home Equity Loan to Pay Off CRA Tax Debt
Using Home Equity Loan to Pay Off CRA Tax Debt
Tax arrears Is a debt that can't be negotiated away, with a creditor you can't afford to ignore. It's never ...
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Mortgage Pre-Approval In Canada: What It Is & How To Get It
Mortgage Pre-Approval In Canada: What It Is & How To Get It
Mortgage pre-approval is used by lenders to “vet” borrowers and estimate spending ability for a home purchase. Seven factors determine ...
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First Time Home Buyers Ontario: Everything You Need to Buy Your First Home
First Time Home Buyers Ontario: Everything You Need to Buy Your F...
In this primer for first time homebuyers, we examine how you know you're ready to take the leap, 7 steps ...
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Can You Be Denied A Mortgage Renewal? Mortgage Renewal Advice From ASKROSS.ca
Can You Be Denied A Mortgage Renewal? Mortgage Renewal Advice Fro...
Canada's mortgage stress test and a new international accounting standard -- IFSR 9 -- are creating tremendous uncertainty for mortgage ...
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mortage renewal 700450X THUMBNAIL (1)
Mortgage Renewal Tips For Ontario
Auto-renewing your mortgage is easy, but can be a very poor financial decision. These top 3 mortgage renewal tips will ...
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Alternative Mortgage Lenders Explained
Alternative Mortgage Lenders Explained
The media paints alternative lenders as shadowy, less-than-reputable lenders who prey on desperate homebuyers. We look at the important role ...
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Buying a Home After a Consumer Proposal
Buying a Home After a Consumer Proposal
Buying a home after a consumer proposal is a real possibility, but you must prepare for the credit history challenge ...
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Two Ways To Pay Off Your Consumer Proposal Early
Two Ways To Pay Off Your Consumer Proposal Early
Once your consumer proposal is approved, a new reality sets in and you adjust to a life of better budgeting ...
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The Myths About Co-Signing For a Mortgage
The Myths About Co-Signing For a Mortgage
What makes a strong mortgage co-signer? Not a great job, nor huge equity with tiny mortgage, nor a fantastic credit ...
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Private Second Mortgage Solved Big Problems
Private Second Mortgage Solved Big Problems
Private mortgages are great tools for solving specific types of problems. Homeowners who need to consolidate debts or pay off ...
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Early Pay Off Of Consumer Proposal Led To Best Mortgage Possible
Early Pay Off Of Consumer Proposal Led To Best Mortgage Possible
When the bank said 'no' to mortgage renewal because of a consumer proposal, switching to an alternative lender and paying ...
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You Must Review Your Credit History Before a Mortgage
You Must Review Your Credit History Before a Mortgage
Discovery of errors on a credit report at the last minute could have cost homebuyers the home they wanted if ...
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Why Refinancing Makes Sense
Why Refinancing Makes Sense
Refinancing your mortgage can be a great tool to achieve many different financial goals, from saving money by lowering your ...
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All Articles

Rising Interest Rates and Your Mortgage
Rising Interest Rates and Your Mortgage
Mortgage interest rates rise and fall for many reasons. Some borrowers feel the full impact of these gyrations as they have a variable rate ...
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Rebuilding Credit After Consumer Proposal or Bankruptcy
Rebuilding Credit After Consumer Proposal or Bankruptcy
After you file a consumer proposal, expect your score to drop into the low 500’s, maybe even lower than that. No matter how bad ...
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What is a Consumer Proposal?
What is a Consumer Proposal?
Consumer proposals are an important part of the Canadian insolvency process, and are the main alternative to filing for bankruptcy. We answer 5 of ...
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Using Home Equity Loan to Pay Off CRA Tax Debt
Using Home Equity Loan to Pay Off CRA Tax Debt
Tax arrears Is a debt that can't be negotiated away, with a creditor you can't afford to ignore. It's never fun being hit with ...
Read More
Is Mortgage Pre-Approval Worth It
Is Mortgage Pre-Approval Worth It
Whether shopping for a new home, have a mortgage renewal coming up, want to refinance or just want to know how much you're able ...
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Mortgage Pre-Approval In Canada: What It Is & How To Get It
Mortgage Pre-Approval In Canada: What It Is & How To Get It
Mortgage pre-approval is used by lenders to “vet” borrowers and estimate spending ability for a home purchase. Seven factors determine the amount, both for ...
Read More
First Time Home Buyers Ontario: Everything You Need to Buy Your First Home
First Time Home Buyers Ontario: Everything You Need to Buy Your F...
In this primer for first time homebuyers, we examine how you know you're ready to take the leap, 7 steps to become a homeowner, ...
Read More
How to Fix or Rebuild Credit Fast in Canada
How to Fix or Rebuild Credit Fast in Canada
Situations often arise where a new mortgage application, or car loan/lease, is impacted by a credit score that's lower than expected. Frequently errors, or ...
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How to Improve Credit Score in Canada: Tips, Myths & Real Case Studies
How to Improve Credit Score in Canada: Tips, Myths & Real Ca...
Your credit score always matters no matter if you are buying a home, renting an apartment, leasing a car or any number of things ...
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Can You Be Denied A Mortgage Renewal? Mortgage Renewal Advice From ASKROSS.ca
Can You Be Denied A Mortgage Renewal? Mortgage Renewal Advice Fro...
Canada's mortgage stress test and a new international accounting standard -- IFSR 9 -- are creating tremendous uncertainty for mortgage renewals, including for some ...
Read More
mortage renewal 700450X THUMBNAIL (1)
Mortgage Renewal Tips For Ontario
Auto-renewing your mortgage is easy, but can be a very poor financial decision. These top 3 mortgage renewal tips will help you get the ...
Read More
Alternative Mortgage Lenders Explained
Alternative Mortgage Lenders Explained
The media paints alternative lenders as shadowy, less-than-reputable lenders who prey on desperate homebuyers. We look at the important role that alternative and private ...
Read More
getting a mortgage after a consumer proposal
Getting A Mortgage After A Consumer Proposal
Suppose you were in a consumer proposal and it’s now completely paid off. You have received your completion certificate from the trustee and now ...
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Buying a Home After a Consumer Proposal
Buying a Home After a Consumer Proposal
Buying a home after a consumer proposal is a real possibility, but you must prepare for the credit history challenge. 3 scenarios for buying ...
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Using Home Equity Loan & Mortgage Refinancing to Pay Off Your Consumer Proposal Early
Using Home Equity Loan & Mortgage Refinancing to Pay Off You...
If you are a homeowner in the middle of a consumer proposal, it's good to know you can get a home equity loan or ...
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Two Ways To Pay Off Your Consumer Proposal Early
Two Ways To Pay Off Your Consumer Proposal Early
Once your consumer proposal is approved, a new reality sets in and you adjust to a life of better budgeting and without credit, it’s ...
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The Joy of Helping Families Find the Right Mortgage
The Joy of Helping Families Find the Right Mortgage
Here, Tenely gives us the highlight reel of the amazing military families that recently walked “through the doors” of Ross Taylor and Associates and ...
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Demystifying Military Moves and Mortgages
Demystifying Military Moves and Mortgages
Demystifying Military Moves and Mortgages. Get the full scoop on a successful move in this VIDEO starring Tenely, mortgage agent and military spouse extraordinaire ...
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The Single Biggest Mistake Made By First Time Home Buyers
The Single Biggest Mistake Made By First Time Home Buyers
Can You Guess The Biggest Mistake First Time Home Buyers Frequently Make? Hint: It’s NOT choosing the wrong paint colour! As a first time ...
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What You Need to Know About Mortgage Co-signing
What You Need to Know About Mortgage Co-signing
Thanks to tighter mortgage qualification rules and higher-priced real estate—particularly in the greater Vancouver and Toronto areas—it’s not always easy to qualify for a ...
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