Healthy debate ensued among brokers, following a story about one big bank’s IRD calculations and the penalties in charges, with several calling into question the transparency provided by some lenders.
A recent Bank of Canada announcement has dredged up an age-old debate but is it one that should finally be put to bed?
It’s not for everyone, writes Anson Martin of Verico Fair Mortgage Solutions, but private financing can get the financing your client needs if the broker is willing to work for it.
Broker opinion is split -- following news that CMHC is considering banks to pay a deductible before mortgage claims are paid out – with some believing the move will lead to more careful underwriting and others thinking it could result in higher fees for clients.
Canadian brokers don’t buy the premise that a move from an up-front commission-based structure to a fee-based model will result in better loan quality.
One leading broker is accusing a competitor of using his name to attain leads through Google’s ad services.
Will there be a rate fluctuation in the next 30-45 days? It depends who you ask.
One leading broker has echoed the same sentiments of some of Canada’s largest broker networks: it is a lender’s products – and not it’s affiliation with one particular network – that will determine broker opinion.
A leading lender is enjoying significant growth and support from the broker networks across Canada following its investment in one of those networks.
One leading network’s “Purchase Plus Improvement” mortgage product gives clients access to up to $40,000 for home renovations. And as part of the product, one lucky couple took home $5,000 to help renovate their home.