Many of Canada’s big banks offer clients the opportunity to skip payments on their mortgages. While this can work to their advantage, mortgage brokers are not big fans of strategy.
Canada’s largest producing team in the banking channel has chosen to switch to the broker side by joining Mortgage Alliance.
Mortgage Alliance announced Monday a partnership with Personal Lending Solutions (PLS) aimed at making alternative lending more accessible to brokers.
Mortgage Alliance asked the public to vote on the company’s next national television ad… and the results are in.
The general consensus among brokers is that government tinkering with lending rules is an unwanted annoyance; but do brokers in smaller markets have it worse than others?
The challenges of the traditionally slow winter season are now being compounded as banks contact past clients 120 days ahead of renewal – and just out of reach of a broker's 90-day rate hold.
In a marketing initiative likely to garner the interest of cost-conscious clients, Mortgage Alliance has now partnered with Petro Canada for the launch of its Mortgage Alliance Fuel Savings business card this week.
Brokers are hungry for a credit rating system that many banks use and where Beacon scores appear to be trending higher.
Are you doing enough to keep your clients from leaving you for a bank? How about for another broker?
Some brokers still aren’t completely sold on the idea of variable rates; despite the rising in fixed and the Bank of Canada announcement Wednesday suggesting ARMs may remain at historic lows until 2015.