It may seem odd to be planning a mortgage exit strategy before your clients have even signed on the dotted line for their new mortgage, but it’s actually good customer service. It’s also your opportunity to show them how an alternative mortgage can be a critical piece to their long-term… Read More
Bridgewater Bank is a Canadian Schedule I chartered bank that offers your clients the protections of the big banks but with more personalized customer experience. If you’re a broker who understands everyone’s situation is unique (because life happens) and that every client should be treated as an individual, not a… Read More
You’ve put together a great mortgage deal and your client is happy. Do you know how to ask your customer for a review? Getting a mortgage is a major financial decision—one that will affect your clients for years to come. As a mortgage broker, you do everything you can to… Read More
As a mortgage broker, having a strong personal brand is important. It helps current clients recognize you and potential clients find and differentiate you. As clients are looking for their perfect broker more and more online, via a quick Google search or social media, it’s becoming important to build an… Read More
If disaster struck tomorrow, would your business survive? How would you contact clients and lenders? Could you continue to generate sales and future business? For many small to medium-sized brokerages, a sudden and unexpected interruption in operations could be harmful. It’s the responsibility of every business to stay ahead of… Read More
Life isn’t predictable – regardless of how much planning we do. Major life events can be stressful; they have a huge impact on our day-to-day lives and the ability to get approved for a mortgage. That’s why getting your client’s story is so important. As a broker you want to paint… Read More
Since the appraised value of property is the foundation of the loan, appraisals can be a heated topic in the mortgage world. Each section of an appraisal plays a role in helping underwriters fund your deal, but when it comes down to it, there are a few elements that carry… Read More
You may notice your clients reacting when they hear they’re being considered for an alternative mortgage. They’re likely worried about the higher interest rates. We’re here to help you put your clients’ minds at ease by explaining the benefits of taking an alternative mortgage and how it can be used… Read More
Income and employment history matter… a lot. The Office of the Superintendent of Financial Institutions (OSFI) says income must be “rigorously” verified; however, there are lots of ways your client can prove their income. Related: Verifying Income & Understanding Income Verification Documents Here are 6 tips that’ll help… Read More
