Mortgage brokers

Mortgage brokers

Complex mortgage rules boost value of mortgage brokers

   More complex mortgage rules boost the value of mortgage brokers.  The last quarter of 2016 brought considerable change to Canada’s residential mortgage business. In October, the Department of Finance Canada announced new mortgage rules that have had a tempering effect on the market. Then, in late December, the Office of the Superintendent of Financial [...]

By | 2017-02-08T16:10:24+00:00 February 8th, 2017|Mortgage Rules, Mortgage Tips|Comments Off on Complex mortgage rules boost value of mortgage brokers

Before selling your home

Before you start making repairs, before selling your home or marking dates on your calendar for an open house, it's smart to prepare a home selling plan. Of course, you want top dollar, but you could make costly home selling mistakes along the way if your enthusiasm for quickly selling causes you to run out [...]

By | 2017-01-04T01:02:18+00:00 February 16th, 2014|Home Tips|Comments Off on Before selling your home

Renewing and Renegotiating Your Mortgage

Overview When you bought your home, you probably signed a mortgage agreement that remains in effect for a certain period, called the term. When your mortgage term comes to an end, you will have to pay off your mortgage, renew it for another term or switch your mortgage to another lender. The end of your [...]

By | 2017-01-04T01:02:25+00:00 June 20th, 2013|Mortgage Products, Mortgage Tips|Comments Off on Renewing and Renegotiating Your Mortgage

What’s the difference between a mortgage broker and a bank

Bank vs. Mortgage Broker In the past, prospective home buyers turned exclusively to their banks for their mortgage needs, but you now have more options at your disposal with the growing presence of mortgage brokers. Independent mortgage brokers are licensed mortgage specialists who have access to multiple lenders and mortgage rates. They essentially negotiate the [...]

By | 2017-01-04T01:02:28+00:00 May 23rd, 2012|Uncategorized|Comments Off on What’s the difference between a mortgage broker and a bank

New Broker lender

It’s official:  MonCana has cleared the last of its regulatory hurdles, with its Calgary-based president setting a date to hang out his shingle. James Clayton, of the MonCana Bank of Canada, told late last week. “We expect to be open for business later in October.” The business represents the latest broker channel incarnation for [...]

By | 2017-01-04T01:02:36+00:00 October 5th, 2011|Uncategorized|Comments Off on New Broker lender