At Tailored Finance, we take care of everything from shopping for the very best rate and terms, to ordering appraisals, doing the paperwork, and scheduling the closing so that you can continue your daily routine without hassle or inconvenience. Call us today to get your pre-approval so that you know the terms, conditions, payments and rate in advance. Shopping for a home? Be confident and negotiate the best price and conditions knowing your financing is in place.
Our Mortgage Professionals have easy access to the very best products and services from financial institutions across Canada. We make it our goal to research the best solution to your financial needs, whether that solution comes from your personal bank, or from one across the country. Typically, your financial institution is restricted to the products and policies of that institution, limiting your options. Tailored Finance Mortgage Professionals work for you, not the bank!
The Tailored Finance Inc. mortgage division has an array of home financing solutions that are only available to our mortgage professionals and their clients through a proprietary low to medium interest rate mortgage product lines, coupled with member training, technology, and a leading edge company, our mortgage professionals are the best equipped to serve you in fulfilling your home-ownership and financial dreams!
We work with the very best Banks, Credit Unions, and Private Lenders to get you the best rate and products that you deserve, and our Staff at Tailored Finance Inc. work overtime to get your deal done.
Tailored Finance Inc. Professionals work for you, and not the banks; therefore, they work in your best interest. From the first consultation to the signing of your mortgage.
We specialize in 1st, 2nd and 3rd Mortgages, Private Mortgages, Renewals, Refinances, and Equity Takeout.
While removing equity from your home can be a good idea, you should do so with caution and fully understand the benefits and possible risks. The best thing you can do is to consult a licensed mortgage professional and financial planner to discuss opportunities to make your home’s equity work for you.
A fee is charged for the most challenging credit solutions, and it’s especially under those circumstances that a Tailored Finance mortgage professional can help you by having access to Banks, Credit Unions, and an array of Private Lenders and Investors, to give you the kind of help, that your bank cannot.
Whether you are first-time buyer or an experienced buyer with excellent credit, Tailored Finance Inc. has access to the very best products and rates available across Canada. Give us a call (416) 939-0161… we think you’ll be pleasantly surprised at our excellent customer service. We offer a one on one consultation from start to finish that will take you through the whole process.
The purchase of a home is the largest purchase most people make during their lifetime. At Tailored Finance Inc., we want each and every purchaser aware of the many mortgage options available to them prior to their purchase and closing date.
Now, more than ever, financial institutions are regularly launching new products and programs, making it easier to get into that new home sooner. Today, interest-only loans, self-employment programs, rental purchase programs, vacation property programs, and a host of other innovative financing alternatives are dotting the home purchase landscape, making homeownership a reality for more people than ever.
There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional.
While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada’s largest banks, credit unions, trust companies, and financial institutions; offering their clients more choice, and access to hundreds of mortgage products! As a result, clients benefit from the trust, confidence, and security of knowing they are getting the best mortgage for their needs.
Whether you’re purchasing a home for the first time, taking out equity from your home for investment or pleasure, or your current mortgage is simply up for renewal, it’s important that you are making an educated buying decision with professional unbiased advice.
If you are buying a Brand new home from the Builder, we will walk you through the pre-qualifying stage and stay with you right up until closing, weather its your first home or your 2nd home, we help you to better understand your options, and help you to navigate from the Builders to the Banks to the closing process, that way you can be better prepared no matter when your closing date is.
Canadians purchase homes for a variety of reasons. Some want the stability of owning their own home, while others also look at home ownership as an investment vehicle. No matter what the reason, the truth is that home ownership has proven itself to be a good stable investment over time, and one which many Canadians are profiting from.
While many people have chosen to purchase their first home during these times of lower interest rates, there has also been a large movement to refinance home loans and pull out equity for home improvements, investments, college expenses, and even high interest debt consolidation. Canadians have been borrowing against their home’s equity in record numbers, taking out billions of dollars in cash each year.
In years past, many saw their homes as a shelter of safety, yet today, they are more than ever before, willing to borrow against the equity owned in their homes to further their investment portfolios, get out of debt, send their children to university, make improvements to their home, or even boost their RRSP contributions. Where home equity was once sat upon, today it is often used to one’s advantage.
The Reverse Mortgage in Canada is Defined as…
Before being able to understand if a reverse mortgage is the best decision for your situation, it is important to understand exactly what is a reverse mortgage and the details of the product that is being offered. At the most basic level, reverse mortgages in Canada are specialized loans against the value of your home, issued by HomEquity Bank as a “CHIP Reverse Mortgage.” Designed as a means of providing access to the equity that has built up in your home, it is considered “reverse” because you do not make payments on the loan; the loan provides payment to you. No payments are due as long as you own your home. More details will be included in the following segments so you will understand exactly what this means for you and your retirement.
Reverse Mortgage, who qualifies?
Criteria for Qualifications include:
– Home owner age 55 and older
– No income qualification
– No Credit Requirement
– Qualify for up to 55% of the home’s Value, based on clients age, property area, description and value.
– Money can be received as a lump sum, planned advances over time or both.
– No payments required until the house is sold or both owners move out
– Owner maintains title and complete control over their home.
We have access to several Banks and also Private Lenders at our disposal that are available to help us if you are in need of a Second Mortgage, they offer completive rates and flexible plans to suit your individual needs, ask us how we can Tailor Make a plan that works for you and your unique circumstances.
Commercial Mortgages are designed for businesses and investors who wish to purchase or refinance commercial, income producing properties and offer a flexible way to raise capital.
Some common commercial mortgage products provide funding for:
Raw land financing
Start ups financing
Mortgage Protection Insurance protects your investment while helping secure your family’s financial well being in the event of death of you and/or your spouse. Should something tragic result in the passing of you or your spouse, the mortgage on your home would be paid off, allowing surviving family members to use other existing insurance to carry on with life, maintain their lifestyle and recover from your loss.
The mortgage insurance offered through Tailored Finance has some great features that traditional bank mortgage insurance doesn’t provide. That includes portability – so when it is time to renew your mortgage you won’t lose your coverage (or have to re-qualify) no matter how many times you change homes or lenders in the future – and premiums don’t increase with changes in health or as you get older.
In addition, Mortgage Protection Plan includes two vital insurance products for your mortgage protection: Life Insurance and Total Disability Insurance.
With this coverage in place, your mortgage is protected not just in the event of death, but also if a serious accident or illness leaves you unable to work. Most traditional term life policies only cover you in the event of death.
The team at Tailored Finance walked us through the whole home buying process from start to finish, we felt as though they went above and beyond to get us into our new home.
We were surprised to find out that Tailored Finance worked with so many Large Banks and private intuitions so they were able to help us regardless of our past credit issues.
Tailored Financed shopped around to get us the best rates with all the Major banks, they gave us our options and guided us on how to choose the rate and term that we felt comfortable with.
We were getting calls from Creditors, and paying large interest on our Credit cards, Tailored Finance helped us to use the Equity in our house to consolidate our bills, and Thanks to them we now have excellent credit.
Tailored Finance Inc. Lic #12722
1315 Pickering Pkwy
T: (905) 837 9040
F: 1 (866) 456 9211