Rising household debt levels – especially around mortgages – are once again raising broker concerns about Canadians’ ability to meet any future changes in interest rates
The difference between the interest on an ARM over a fixed-rate loan has shrunk compared to where it was just a few years ago –tempting even the most risk-tolerant of clients, say brokers
The results are in, and the number of brokers who charge cancellation fees – touted as the best protection against rate shoppers – may surprise you
A respected broker-channel veteran is identifying a possible solution to client churning, although lacklustre interest on the part of brokers throws its effectiveness in doubt
The second quarter saw brokers veer from variable rate mortgages, even as most pundits abandoned predictions for a rate hike at the Bank of Canada and others actually anticipated a drop
Brokers are increasingly frustrated by lender “live deal” specials – some calling those offers little more than unproductive poaching
A former underwriter – and current broker – believes he knows why an increasing number of deals are falling apart at the last minute
It’s a small segment that punches above its weight, and it’s causing a lull in business for brokers in one major city
Falling home prices are causing issues for clients looking to refi in a market more accustomed to price hikes
Low interest rates have a growing number of millennials buying homes instead of renting, but lenders need to be careful, warn industry analysts