Fighting rate by paying it forward
One Winnipeg mortgage broker is fighting the rate wars not by cutting into commissions, but by ‘paying it forward’ in $5 and $10 increments.
Making last year’s Commercial Top 10 boosted business: broker
One of CMP magazine’s Top 10 Commercial brokers from last year saw a definite uptick in business from making the list, raising his Google search profile and garnering attention from his residential counterparts.
Flaherty stays - better the devil you know
Mortgage brokers may have been ready to burn Jim Flaherty in effigy last year when he tightened the mortgage rules, but yesterday’s announcement by the Prime Minister that Flaherty would remain as finance minister drew a grudging sigh of relief across the channel.
Family loans for first-time buyers a fact of life, says broker
According to a BMO report, at least one in four first-time homebuyers look to family to help make the downpayment – a number that may be low and a situation that is all too common, says one Toronto-area mortgage broker.
RateHub sees more clients clicking on variable rate options
If brokers want a barometer on what people are looking for in a mortgage, they need only check out the latest tracking numbers from RateHub.ca.
Tough year doesn’t diminish CMP Top 75 broker list
One Top 75 broker worked “harder and smarter” during what was a tough year in the channel – and did so without resorting to rate sites.
Hamilton brokers bask in housing boom
Hamilton mortgage brokers have been enjoying a blockbuster June, as that city has led Ontario in new housing with an impressive 65 per cent rise in starts.
Man’s best friend is also a broker’s
A dog is man’s best friend, but for one Newfoundland broker, his black lab was so much more. He was part of the business.
Loyalty agreements 'embarrassing' for brokers
There is more talk of loyalty and exclusivity agreements in the channel – but most mortgage brokers refuse to handcuff clients with a piece of legal paper, and doubt it will become common practice.
Could higher rates have same effect here?
Brokers doubt higher interest rates here will have the same effect as in the U.S., where potential homebuyers are backing off in greater numbers.