5 Part Guide: The Mortgage Process & How To Get Approved

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 transaction that involves a substantial amount […]

Why Are Debt Servicing Ratios Important When Applying for a Mortgage?

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 solutions to your clients. Whether you’re […]

Why Mortgage Payments Matter More Than Mortgage Rates

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 making a mortgage decision. You […]

3 Reasons Why Smaller Broker Houses Appreciate Bridgewater Bank

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 number, we think you’d be […]

Verifying Income & Understanding Income Verification Documents

As a mortgage broker, you need to be able to accurately interpret the information you read in company financials and income verification documents. Your client’s income is key in determining how much credit lenders might extend to them. But not all clients will have an employer letter and pay stub ready to hand over. For […]

Know The 5 Cs of Credit to Accelerate a Submission

Make sure to download this shareable, one-page PDF: Consumer credit tips. —————————————————————————————————– 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 the process will be. Accelerate your submission and look like a star broker! Lenders analyze deals […]

6 Tips for Coordinating a Smooth Income Verification

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 make income verification a breeze with underwriters: For your clients […]

Refinancing the Home During Divorce or Separation

Divorce is unfortunately associated to another big ‘D’ word; debt. It’s common for couples going through a divorce to generate debt. Whether that’s splitting assets, lawyer fees or simply old debt incurred while married. As couples separate and work to reestablish themselves, they will be doing a lot of financial juggling and refinancing might be […]

Mortgage Delinquency: How To Help Clients While Building Relationships

The economy is tough in many parts of the country right now, possibly affecting some of your clients’ ability to make mortgage payments. Mortgage delinquency/default is an incredibly stressful situation where a trusted advisor like you can help immensely. In fact, offering delinquency/default advice is an excellent way to add value to your business, separating […]