Standardized penalties could be a negative for brokers… and clients
Be careful what you wish for – brokers hankering for standardized mortgage penalties could be undercutting one clear advantage they have over the banks.
A slight correction may be imminent, but is there cause for concern?
The most recent Bank of Canada rate cut highlights the current risks to the Canadian economy, according to one organization, arguing the housing market is 20 per cent overvalued.
Have a client struggling to save for a down payment?
Brokers can offer solutions now to clients who want to buy but don’t have enough for a down payment – taking a proactive approach to growing that book of business.
Mortgage for the teacher
Teach to take: It’s a mantra for high-flying brokers, writes Doren Aldana, offering a lesson in education-based marketing.
Brokers call for standardized penalties
Renewed frustration around lender penalties have forced one broker to make a FSCO complaint, but is it really time for Canada-wide regulation?
Lender: Brokers, be prepared
The head of one leading lender believes brokers should prepare for even tighter lending guidelines.
Brokerage reflects on 25 years
One mortgage company celebrated a quarter century in the industry at a recent gala event. From humble beginnings in the early 1990s, the company has not only grown, but thrived in a competitive market.
Broker sends warning to Ottawa
The Canadian government is reportedly considering tougher mortgage rules, but brokers warn that they would negatively impact the industry’s most crucial client type.
Brokers frustrated by big bank rates
Frustrations mount that the banks aren’t passing the entire savings onto their clients in the wake of another axed benchmark rate.
Lenders want the full picture on bruised credit
No one likes to talk about how they wound up with a poor credit rating, but brokers need to break through the silence and get the full story, so that lenders aren’t left in the dark.