With the recent rise in interest rates, industry conversations are naturally turning to the effect on Canadians trying to get a mortgage. And as much as potential home buyers may have had their frustrations about the mortgage stress test in recent years, that will help them cope with this rise… Read More
Understanding that Canadians are struggling with homeownership and mortgage affordability over the foreseeable future, there are some things you can do as a mortgage broker to address them directly. Whether your clients are looking for a new home or need to refinance, talking to an informed mortgage broker can really… Read More
Look no further than the recent interest rate hikes to understand why the mortgage stress test is so important. It protects the clients and the lenders if interest rates rise, and it’s in everyone’s best interest for the homeowner to afford their mortgage payments. We know mortgage brokers are between… Read More
Gross-ups and add-backs and adjustable rates… OH MY! There are so many tools available to help get a deal done, that it can be hard to keep track. Don’t fret; let us dig into a few you can use to help your clients see an approval. Gross-ups and add-backs can… Read More
What do your clients need? In short, they need your expertise on how to find the best mortgage product for their situation. Or they may be looking for ways to make changes to their current mortgage. When you maintain lasting relationships with your clients, it is more likely they will… Read More
This broker advice article covers best practices for mortgage brokers to effectively gather documents from their clients for mortgage approval. Correctly managing documents is one of the best ways to streamline closing a mortgage deal. You can save time (and headaches) by helping your clients put together their package of… Read More
If there’s one thing we’ve learned as technology marches forward—from phone calls to email and text—it’s that fraudsters will always find inventive ways to keep up. But even as we move to more sophisticated means of communication and security, there are still some basic things that posers do when it… Read More
Make sure to download this handy infographic PDF to learn more about what the 5 Cs of Credit are. Before you submit an alternative deal to your lender, it’s important to dig deep into your client’s story. The more information gathered from your clients, the quicker… Read More
There is an established and growing population of workers in the employment market where the concept of a full-time job has been replaced with a series of well-paying gigs. It is creating a new market for brokers and challenging lenders to redefine acceptable income sources. According to Statistics Canada, the… Read More
