Tower Mortgage - Indi Mortgage "The Independent Mortgage Company"

10/27/2026

Do you have a variable rate mortgage? Predictions are we will see an increase of .25 tomorrow.

Increases sound scary and can be stressful but let's work through this.

If you have a variable rate mortgage, your current rate is likely in the 3.50 - 3.95% range currently. An increase of 25 basis points would put these rates to 3.75 - 4.20%.

Current fixed rates, if you were to lock in now, are sitting well above these rates.

With today's economy affecting many pocket books, the better decision is to decide what is the highest payment you could tolerate. Locking into a fixed rate now can negate any interest savings you currently had and increase your current payment more now than what a 25 basis point increase will...

A conversation about any concerns you have could make things seem brighter! Reach out and let's talk it through!

10/04/2026

Wrapped up 3 nights in Chester today. Every time feels like it needed to be a longer stay.

10/03/2026

Conwy Castle

10/02/2026

10/01/2026

It was a full day of planes trains and automobiles to make it from YYZ to LHR. The best part of all was the final leg on the train to Chester. Feeling mighty jet lagged, Peter D Jones , the train manager made that all go away with his friendly visit. He also gets passengers going and meeting each other by promoting Connect Four matches. After the game, it's mandatory to take a picture with wacky sunglasses. Fun fact, he has one from last month with Will Arnett . Thanks Peter! Dave can't wait to take you golfing in the rocky mountains

09/29/2026

Don't wait for January 1st! Now is a great time to prepare for the upcoming holiday madness...

Need a budget spreadsheet? Comment BUDGET and I will send you one!

09/08/2026

September long.

09/02/2026

The Bank of Canada stayed the course.

09/01/2026

in August. Weddings, Walks, Water

08/24/2026

"I don't want my credit report pulled!!!". I hear this often...

The reality is, I cannot properly help you with your mortgage needs if I don't look at your credit REPORT.

Your credit report is compromised of your score - but that is only one part and can change any time you make a payment, charge on your line of credit/credit cards, as well as a credit pull

The WHOLE credit report gives much more information that the score may not necessarily include:

**How long you have had credit for
**How much credit you have and how much you owe against it
**How often you pay on time....or don't....

For instance -

You can have a decent FICO score, but have some late payments from a year and a half ago. Lenders will have questions on this. You also may have an unpaid bill from an old utility account that is either a mistake, or you didn't know about. I once had a borrower show as deceased on their credit report!

The good news-unless you are actively seeking credit (applying for credit cards, loans, financing a car) having a credit pull as part of a mortgage application will either not negatively impact your credit score or only by a few points, and this will probably bounce back the next month anyway!

The biggest things affecting your credit score are not making payments on time and owing more than 65% of your available limit

If you have any questions about how your credit report works, DM or drop your questions in the comments