One industry association is lobbying for longer amortization periods for first-time homebuyers, but brokers aren’t exactly sold on the idea.
Are broker channel lenders ready to fight the big banks on the prime side?
Canadians are becoming more educated about mortgages and turning to brokers in higher numbers, according to industry players.
It’s not just sports milestones measured in three – with one broker clinching the industry’s triple crown at this year’s Canadian Mortgage Awards.
The Canadian Mortgage Awards are set for this Friday, with the event’s sponsor – a leading lender – speaking to the importance of that recognition of excellence.
Brokers frustrated by appraisal management companies may have to look to lenders to bring about change.
One broker offered his advice for dealing with clients told by the banks to shop for rate, and the approach is nothing but classy.
One broker was surprised when a potential client admitted that a bank suggested he shop around for a better rate … and that the bank would beat it.
One former banker – and current broker – believes recent changes at RBC will sway more clients to choose brokers over the banks.
The verdict is still out for some, but many brokers are applauding the launch of a unified broker association being compared to the nation’s Realtor organization.