A broker-only 2.98
The road reps won't like it. Heck, many brokers may not like it, either! But Mortgage Alliance has now handed its members a 20/20 five-year mortgage at 2.98 per cent; specifically tied to its very successful RightMortgage.
MAC team in top 10 of cancer walkathon
The Mortgage Alliance MAC Rally of Hope team raised nearly $200,000 making it the 6th largest fundraiser in the recently concluded annual Weekend to End All Women’s Cancer walkathon in Toronto.
Keep calm and broker on
Here, according to leading broker network execs, is what the new mortgage rules mean for mortgage professionals
Brokers: Cut pooling? Cut volume requirements
Fair is fair, says one seasoned mortgage professional: If lenders are bent on scrapping volume pooling, then, they must consider lowering their minimum volume requirements.
MAC brokers win GIC referrals
Mortgage Alliance is now widening the revenue stream of its brokers and agents, winning them GIC referral opportunities with a major lender.
Answering the call
In an ever-increasingly complex industry, broker Nera Emmanuel has built her business upon simple things such as returning phone calls and staying in touch with clients
Banks keeps clear of rate wars
Banks are avoiding what appears to be a looming rate war by sticking to five-year fixed rates at or around 3.09 per cent even as other lenders race toward 2.84 per cent.
MAC Rally of Hope completes 7,500km ride
The MAC Rally of Hope pulled into St. John’s, Friday – some 12 day after setting off from Port Moody, B.C., in its annual motorcycle ride to raise funds and hope for cancer causes.
Time to lower minimun volume requirements?
Stricter mortgage rules threatening to cool down the housing market are fueling broker hopes lenders will soon lower their minimum volume requirements to compensate for a drop-off in business.
A-lenders playing BFS by the letter
A-lenders are already observing the strictest letter of the law on BFS applications, argue brokers largely dependent on those deals and now forced to shift as much as half of them to alternative lenders.