Mortgage Brokernews

Latest Comments

• Kevin R 2018-08-19 3:33:51 PM @ Kelly: Huh??? Most renewals are from 5 year closed terms expiring, so funded prior to 2016 & therefore B20 rules have nothing to do with the qualification, these people are grandfathered & qualified at the old rules. This is all about pricing & whether the mortgage was already insured at time of origination or if not, what the current LTV is.

• 2018-08-19 2:02:37 PM What a Nice gift to the major banks!!!!

• Kelly Rowe 2018-08-16 1:39:35 PM I think that it has everything to do with B-20. Most renewal or refi business I have done this past year have for the most part gone right to a credit union that is not following the B-20. I believe the federal government got exactly what they wanted and that was there Buddies, the Big 5 Banks got to keep their business because that business for the most part does not qualify to be moved..

• Charlesmenon 2018-08-16 9:09:40 AM Hii everyone...Have you used this new mortgage calculator for realtors??? Can you tell me the difference between it,s Lite & Pro version???

• Mike 2018-08-16 9:08:49 AM Lenders are getting very aggressive on renewals, offering rates below what we can offer in some cases. B20 has very little to do with it in our market place. Most renewal clients have great equity, improved income and can well afford their mortgages. Wow what a surprise and they got approved five years ago without a stress test. Shows that the finance minister does not understand math and economics. I think he is a lawyer.