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.
When it comes to advising clients on controversial mortgage products it’s best to leave the final decision with the client, say two leading mortgage brokers.
Opinion among brokers was divided about Investors Group’s recent rate promotion and just how good a deal it was for customers. We wanted cold, hard numbers, though, so we asked our readers how many were able to convert client inquiries into funded deals. Read on for the results.
Tightened lending regulations have made it tougher to fund deals but brokers are best served to put their noses to grindstone and work harder to find the right mortgage for their clients, according to two players.
The key is to “outsmart” the big banks, according to one broker, following one institution’s ad campaign plugging its lowest five-year fixed rate in recent memory.
News broke Tuesday that Investors Group had launched an unprecedented mortgage product but brokers have already poked holes in the offering.
The Royal Bank of Canada (RBC) made headlines Tuesday with its “employee pricing" mortgage offering but brokers are far from convinced that such a product exists.
The case of a recently deceased mortgage broker who is accused of committing fraud may trigger a shift among broker networks when it comes to allowing its brokers to operate independent MICs.
MortgageBrokerNews.ca spoke with the president of O’Leary Ventures who explained the decision behind shutting the doors on O’Leary Mortgages.
Opinion seems divided between incredulity and understanding among MortgageBrokerNews.ca readers after one broker’s deal was denied by a lender after disclosing his client’s pregnancy.