Mortgage amortization. Term. Payment schedule. Renewal and refinancing. These are all phrases you’ll hear over the lifetime of your mortgage, and they’re all connected. One frequent question people have about mortgages is “What does amortization mean?” First, what exactly is amortization? The mortgage amortization period explained So, what is the… Read More
You can plan and prepare for a lot of scenarios in life, but the first few months of 2020 have been an undeniable reminder and a sobering lesson of how quickly things can veer off course. With a big shift in day-to-day life, emotions and money are inextricably linked, so… Read More
There is a story behind every consumer proposal. As a mortgage broker, you’re the one who will hear those stories and put together mortgage solutions for your clients who may also be in consumer proposals. Finding the right mortgage solution in these situations may not be easy, but… Read More
Are you aware of all the tools available to make income verification easier on you and your client? Are you looking for an easier way to help self-employed mortgage seekers? As a broker, you really want to help your clients find the best possible mortgage, and… Read More
Download this entire guide in our shareable PDF: What to expect during the mortgage process —————————————————————————————————————————— The mortgage process can seem daunting and overwhelming for the best of us. It’s so big in fact, that we had to break it up into five parts! A mortgage is a big… Read More
Please share this article with your clients by downloading the PDF below. It provides information about how to calculate debt to income ratios and the effect it can have on mortgage qualification. If you have questions, contact one of our expert BDMs or award winning underwriters to offer tailored… Read More
Please share this article with your clients by downloading the PDF below. It explains the process of verifying the source of their down payment. Buying a house? If you don’t buy property regularly—and most people don’t—you may need a refresher on the rules for mortgages and down payment sources. Not only… Read More
When shopping for a mortgage, clients are probably looking at rates, not realizing that they should be asking their mortgage broker about payments. Of course, they want the lowest interest rate they can get, but the rate tells them nothing about what they can afford, the most critical part of… Read More
Please share this article with your clients by downloading the PDF below. It explains common terms that will help them choose the mortgage that best meets their needs. Choosing a mortgage is one of the most important financial decisions you’ll make. Open vs. closed mortgages. Fixed vs. variable rates. Amortization… Read More