CRA clampdown highlights broker value-add
The recent Canada Revenue Agency interest in people claiming their condos as homes instead of investment properties is long overdue, says one mortgage broker, also suggesting the crackdown illustrates the role brokers can play.
Broker, meet your Frenemy, Rate Site
Sure, brokers may have lots of dark feelings about these comparison sites, writes industry vet Ron Butler, but here is exactly how they can turn that foe into friend
Top three mortgage frauds and how to spot them
Mortgage fraudsters are upping their game in this soft market, and brokers need to remain vigilant to avoid getting caught in their web, according to industry experts, identifying the latest fraud indicators to look out for.
Top originator urges niche brokering, focus on property investors
With an originations slowdown sending brokers scrambling to diversify their portfolios, a top Ontario player is arguing “niche” brokering may actually be the best way forward.
Working with investor clients
Rental properties generate extra income for consumers. As a broker, specializing in the real estate investor market could be your preferred way to make money. CMP continues its special focus on niche markets
The tax tips (and traps) you should know now
As a mortgage professional, it's not your job to give tax advice, but there are a few mortgage scenarios where a little bit of tax knowledge can go a long way to helping your clients. TDMP's Sandy Aitken shows you how
Mortgage Mentor adds rental financing tool to its line-up
The Vancouver-based software company Mortgage Mentor just announced the launch of its latest product, the Rentalsman, an interactive database of major Canadian lenders that provide rental and investment property financing.
Don't like the current market? Buy globally
Since its arrival in Canada last December, Lloyds TSB has seen growing customer interest in the International Mortgage Service according to Luke Stuart, the business development manager in the company's Toronto representative office.