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
Mortgage Brokers Get TD’s HELOC, At Last Oct 8th
After well over a decade in the market, TD is finally bringing its popular marquee product to brokers: the TD Home Equity FlexLine HELOC. Mortgage brokers have been bugging TD business development managers for this product for years. Until now, the bank has reserved HELOCs for its proprietary sales .... More »
Laurentian Bank slips to loss as mortgage book shrinks + MORE Mar 10th
Residential book declines amid softer housing activity while commercial lending expands as the bank pushes ahead with its transformation strategy.... More »
How Your Cell Phone Can Keep You From Getting the Lowest Mortgage Rate + MORE Nov 27th
Despite what you may have heard, your cell phone payment history does affect your credit score. Cell phone accounts work differently than a credit card or a line of credit. A cell phone is an open or “O” account, which means the balance has to be paid in full at the end of each month. [&.... More »
Strong payment discipline masks growing mortgage stress, survey finds + MORE Mar 25th
Despite strong payment performance, a growing share of borrowers report difficulty keeping up and are cutting back on spending to stay current.... More »
Can Mortgage Brokers Compete with Low Online Rates? Oct 23rd
As mortgage brokers, we should assume our clients and prospects have access to much of the same information we do. But sometimes they don’t, and in such cases we can focus on finding the best lender solution..... More »
The Latest in Mortgage News – Fallout of High Home Prices
– canadianmortgagetrends.com
Despite slowing price gains in Vancouver and a moderation in Toronto, average home prices are still notoriously expensive. So how are these prices affecting the lives of residents in these two cities? Thanks to a new comprehensive survey released this week, we finally have some answers: High Home Prices Taking Toll A new survey from […]
