Justin Da Rosa is a journalist with Canadian Mortgage Professional.
With increased competition among banks and credit unions, one professional believes the move to a fee-only model could be the key to keeping brokers on top.
Some brokers are pointing to real concerns for those borrowers opting for Meridian’s 1.49 per cent offer – their objections having little to do with personal concerns about the lender’s sales strategy.
Brokers hoping for another gift from the Bank of Canada at Wednesday’s rate announcement may be out of luck, if experts pointing to new economic data are correct.
With a leading lender’s refusal to offer its broker partners access to a record-low rate promotion, some players are suggesting a boycott.
It was a bold rate prediction made by a solid source, but one that has already been shot down by the channel’s leading economist.
The credit union offering a record-low mortgage rate isn’t offering it to broker partners, despite interest within the channel.
Clients often are at the mercy of developers when they purchase pre-build condos; will the final product look anything like the showroom mock-up? One Toronto industry player highlights the potential discrepancies between the two in a hilarious video.
In what brokers hope is a precedent, media pressure appears to have saved a borrower from the hefty discharge costs associated with a collateral mortgage.
We asked readers if bank specialists were as skilled as brokers, and the results are in.
One broker believes clients now putting less than 10 per cent down will be more overleveraged than those who purchased with zero down.