Top Questions to Ask when Discussing Mortgage
Looking for mortgage brokers in Ontario that can help you obtain the home loan you need? Here are a few questions to ask to make sure you’re getting the best deal for you, and that you’re working with the right people. What’s the best type of mortgage loan for me? No one can tell you…
Read moreSome more Tips from Australia
While mortgages in Ottawa have been heavily scrutinized lately, our mortgage market has been often compared to that of Australia’s. And while these comparisons have largely related to mortgage insurance in the two countries, now it seems there’s another thing that Toronto mortgage brokers can learn from Australia. That’s how to talk to speak to…
Read moreWhat’s the Difference Between a Mortgage Broker and a Wholesale Mortgage Lender?
Many people know the difference between Ottawa mortgage brokers and bankers; one works for the borrower and suggests many different products from many different lenders, while one works for a bank and sells only their product. But what’s the difference between a mortgage broker and a wholesale mortgage lender? In fact, there are many. Wholesale…
Read moreMortgage Changes could Benefit Brokers
There’s been an awful lot of changes to mortgages in the last year or so. At the beginning of 2011 the federal government imposed stricter regulations on both amortization periods and then HELOCs and most recently, they’ve changed the oversight of the Canada Mortgage and Housing Corporation (CMHC.) This new governance of the Crown corporation…
Read moreShould Mortgage Brokers have to Reveal Commissions?
If you’re looking for a Toronto mortgage, and you need help from a Toronto mortgage broker in order to do it, you’ll be happy to know it won’t cost you a thing. In Canada, even though the broker is working for you, they get paid commissions by the lender in exchange for finding that lender…
Read moreWill there be “Fierce Opposition” to OSFI’s New Rules?
The Office of the Superintendent of Financial Institutions has been very busy lately, trying to come up with new mortgage rules to implement with lenders across the country, all in an effort to keep our bubble from popping and to keep Canadians from taking on more debt than they can afford. While stricter rules and…
Read moreHow to Choose REITs
On Friday in our mini-series about REITs in Canada, we looked at the different types of REITs you could buy. But there’s a lot more to choosing a REIT than just knowing whether you want one that deals in retail space or one that’s directly tied to Canadian mortgages. Just like any other shares you’re…
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