Make sure to download this handy infographic PDF to learn more about what the 5 Cs of Credit are. Before you submit an alternative lending deal to your lender, it’s important to dig deep into your client’s story. The more information gathered from your clients, the… Read More
Please share this article with your clients. Information in this article will help clients realize higher interest rates aren’t a barrier to home ownership. As a broker, you can guide your clients through a discussion about their finances and then steer the conversation to what really matters—the monthly mortgage payment. 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
With self-employment on the rise, mortgage brokers should know how to accurately interpret the information in company financials and income verification documents. For self-employed clients looking for a mortgage, proving income is more involved than providing a T4 and a letter from an employer. You’ll need to look at both… Read More
You might already have special funds set up to save for retirement and your children’s education. And you might have another account to save for that special vacation. But do you have an emergency fund? An emergency fund is money you set aside to pay for unexpected expenses or to… 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
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
Experienced mortgage brokers know their job extends beyond transacting mortgage loans. The true value of using a mortgage broker is their vast knowledge of product available, providing their clients with good advice and the right solutions. Keeping in touch with your clients at regular intervals ensures you are ready to… Read More
