Tyler Cowle, AMPC - Mortgage Broker

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Canada
Oshawa, ON
Tyler Cowle, AMPC - Mortgage Broker

Mortgage Broker/Principal Broker
Mortgage Foundations # 13614
Independently Owned & Operated

09/02/2026

📉 The 5% to 20% Down Payment Myth

A lot of buyers still think they need 20% down to buy a home, but that’s not the case at all 👇

💡 Most Canadians can buy with as little as 5% down.
20% is only required for homes over $1.5M - not for the average purchase.
And here’s the twist:
👉 Waiting to save 20% can actually push homeownership further away if prices rise while you wait.

Sometimes getting in sooner with 5% or 10% is the smarter long‑term move. Every situation is different, and that’s where strategy matters.

08/28/2026

🧠 Common Credit Myths Debunked

There’s a lot of misinformation out there about credit, here’s what you really need to know 👇

💡 Checking your own score doesn’t hurt it - that’s a soft inquiry.
💡 Carrying a balance doesn’t build credit - paying in full is best.
💡 Closing old accounts can lower your score by shortening your credit history.
💡 Your income doesn’t affect your score - but it does impact lending decisions.

Good credit isn’t about tricks, it’s about consistent, informed habits.

08/27/2026

🛡️ Protecting Your Credit From Identity Theft

Identity theft can damage your credit fast; but a few simple habits can keep your information safe 👇

💡 Check your credit reports regularly for accounts you don’t recognize.
💡 Use strong, unique passwords and enable two‑factor authentication.
💡 Be cautious with links, emails, and calls asking for personal information.
💡 Set up alerts with your bank or credit card to catch suspicious activity early.

Staying proactive is the best defence, a little vigilance goes a long way.

08/25/2026

🛠️ Fixing Errors on Your Credit Report

Mistakes happen, and even small errors can drag down your score if you don’t address them 👇

💡 Start by reviewing your full reports from Equifax and TransUnion.
💡 Highlight anything incorrect: late payments, balances, accounts, or personal info.
💡 Submit a dispute directly to the bureau with any supporting documents.
💡 Follow up to confirm the correction - updates can take a few weeks to appear.

A clean, accurate report is one of the easiest ways to protect and improve your score.

08/21/2026

🔍 How to Check Your Credit Report in Canada

Staying on top of your credit starts with knowing what’s actually on your report, and checking it is easier than most people think 👇

💡 You can request your full credit report for free from Equifax or TransUnion.
💡 Online access is quick, or you can request a mailed copy if you prefer.
💡 Reviewing your report helps you catch errors or outdated information.
💡 Checking your own credit is a soft inquiry; it won’t affect your score.

A quick check gives you clarity, confidence, and control over your financial picture.

08/19/2026

🤝 Co‑Signing: What You Need to Know

Co‑signing can help someone qualify; but it also comes with real responsibilities you should understand 👇

💡 You’re equally responsible for the mortgage if payments are missed.
💡 The full mortgage amount appears on your credit report too.
💡 It can affect your ability to borrow for your own future plans.
💡 Strong payment history helps both credit scores; missed payments hurt both.

Co‑signing is powerful support, just make sure it fits your long‑term financial picture.

08/18/2026

🔄 Why Your Score Might Change After Applying

Your credit score can shift right after you apply for new credit, even if nothing else changes 👇

💡 A hard inquiry is added to your report, which can cause a small temporary dip.
💡 Your utilization may increase if the new credit is activated or used right away.
💡 New accounts lower your average age of credit, which can impact your score.
💡 Some lenders report new credit lines before you even receive the card or loan.

These changes are normal, and your score often rebounds as the new account ages.

08/17/2026

🏦 Minimum Credit Scores for Mortgages

Different mortgage types come with different credit score expectations, here’s what lenders generally look for 👇

💡 Insured mortgages (less than 20% down) typically require a minimum score of 600–680.
💡 Uninsured mortgages (20%+ down) often need a minimum score of 620–680 depending on the lender.
💡 Alternative lenders may accept lower scores but with higher rates or stricter terms.
💡 Private lenders focus more on equity and income than credit score alone.

A stronger score gives you more options, and usually a better rate.

08/14/2026

🗂️ How Long Negative Info Stays on Your Report

Not all negative marks last forever; but some stick around longer than people expect 👇

💡 Late payments can stay on your report for up to six years.
💡 Collections usually remain for six years from the date of the first missed payment.
💡 Bankruptcies stay for six to seven years, depending on the bureau.
💡 Hard inquiries drop off after three years, though their impact fades much sooner.

Time heals, and good habits can help your score recover even while old marks remain.

08/13/2026

📈 How to Improve Your Score Before a Mortgage

If you’re planning to buy a home soon, a stronger credit score can open better rates and smoother approvals 👇

💡 Pay all bills on time, even one late payment can set you back.
💡 Keep credit utilization low by paying down balances or increasing limits.
💡 Avoid new credit applications in the months leading up to your mortgage.
💡 Check your report for errors and dispute anything that doesn’t belong.

Small, consistent steps now can make a big difference when it’s time to qualify.

Address

111 Eastlawn Street
Oshawa, ON
L1H7J9

Telephone

+19054405392

Website

https://www.mortgagefoundations.ca/

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