The current interest rate climate for mortgage brokers and their clients is dramatically different compared to just a year ago, requiring a whole new strategy when it comes to renewals.
As the winds of change sweep across the lending landscape, regulatory underwriting guidelines are growing ever tighter. This puts non-bank clients in a precarious position, and mortgage brokers are feeling the pressure.
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Prospective homebuyers wanting to take advantage of the federal government's new Tax-Free Savings Account will have to wait longer, despite the program's official launch date of April 1.
With interest rates and borrowing costs at record highs, it’s more important than ever to ensure your credit report is in good standing.
All mortgage brokers should have a comfortable working knowledge of how prepayment penalties are calculated and applied.
With variable mortgage rates potentially at a peak and fixed rates having recently retreated, borrowers are asking themselves the age old mortgage question: should you go fixed or variable?
Many mortgage brokers are fielding calls from clients concerned about rising interest rates and an uncertain economic outlook.
Mortgage professionals may be feeling angst these days with origination volumes well down from last year's highs. But it's in times like these that the value prospect of a broker is at its highest.
A new survey has found that 53% of Canadian mortgage borrowers are concerned about the prospect of higher monthly payments at renewal time.
Sometimes you just don’t know how good or bad you have it. Take the mortgage business, for example.
