Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
TD launches agentic AI for mortgage and HELOC applications + MORE May 24th
The bank says its first autonomous AI model is already reducing parts of the pre-adjudication process from an average of 15 hours to less than three minutes..... More »
Q2 2020 Bank Earnings – All About Provisions and Mortgage Deferrals + MORE Jun 19th
For the second-quarter earnings season, all eyes were on the Big 6 banks’ credit loss provisions and mortgage payment deferral programs. With the onslaught of COVID-19, the banks granted payment deferrals to more than 700,000 Canadians to help prevent a wave of defaults. In their second-quarte.... More »
Canada’s home renovation costs are still climbing, but the pace is slowing Jan 11th
Home reno costs in Canada continued to climb in Q3, driven by higher roofing and window expenses, with many homeowners relying on their home equity to fund these projects..... More »
Locking in your mortgage could save you money, but it depends on your plans + MORE Oct 19th
Homeowners with variable mortgage rates have seen their rates rise over the past year as the Bank of Canada has raised its key interest rate target four times..... More »
What New Year’s credit deals promise—and why you should be wary Jan 17th
January is for fresh starts, but too many Canadians are held back by last year’s overspending. Lenders know about new year’s debt-hangovers, so you may be seeing more credit offers in your inbox—but be wary. Used incorrectly, that deal on a balance transfer or sign-up bonus could get you into .... More »
The Financing Hub Aims to Simplify Commercial Deals
– canadianmortgagetrends.com
For mortgage brokers who don’t do a lot of commercial financing, knowing where to take a deal can be a challenge. The Financing Hub wants to solve that. For the past year, the company has been quietly honing an online tool that: Lets a mortgage broker enter a commercial deal Gauges lender appetite for that deal, and then Facilitates that deal through to closing. “The Financing Hub is a digital solution that provides both the broker and the lender significant time and cost savings,” says founder Paul McGill. “It allows you as the broker-user to compile the important submission data and related application documents through the easy-to-use online READ MORE
