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
DLC Takeover Bid Collapses Dec 21st
Unexpected drama is unfolding with one of Canada’s leading mortgage brokerages. Back in September we reported how DLC was making a play to retake control of itself from Founders Advantage Capital Corp (FA). The deal was to lead to increased investments in broker technology and new acquisitions of .... More »
Bank CEOs see mortgage risk easing as attention turns to political uncertainty + MORE Jan 8th
The heads of Canada's biggest banks are finally seeing risks around mortgage renewals easing, only for worries about tariffs and political uncertainty to take their place..... More »
Big Bank Mortgage Rates Rising: What it Means for You May 3rd
Four of Canada’s Big Six banks have now raised their posted mortgage rates since last week, sparking concern by homebuyers and existing homeowners about the implications. TD kicked off this round of rate increases last week by raising its various mortgage terms, including an astounding 45-bps .... More »
1.4 million Canadians missed a credit payment in second quarter + MORE Aug 20th
There’s a deepening divide among consumers, even as the rate of missed credit payments dipped, a new Equifax Canada report shows.
It shows 1.4 million Canadians missed a credit payment in the second quarter. While that’s up by 118,000 compared with the same time last year, it’s down sligh.... More »
CMHC consumer survey reveals the importance of follow-up contact by mortgage brokers + MORE May 13th
There was a simple but important lesson for mortgage brokers in CMHC's 2023 Consumer Survey released Wednesday: follow-up contact leads to more satisfied clients..... More »
Mortgage Career: First National – Jr. Residential Mortgage Underwriters
– canadianmortgagetrends.com
Company: First National Location of position: Toronto, Ont. or Vancouver, B.C. Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Jr. Residential Mortgage Underwriters We are hiring Jr. Residential Mortgage Underwriters (‘Fulfillment Specialists’) at First National Financial LP! Closing Date: Open Hours of Work: 8:30 a.m. – 5 […]
Mortgage Career: First National – Residential Mortgage Underwriters
– canadianmortgagetrends.com
Company: First National Location of position: Toronto, Ont. or Vancouver B.C. Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Residential Mortgage Underwriters We are hiring Residential Mortgage Underwriters at First National Financial LP! Closing Date: Open Hours of Work: 8:30 a.m. – 5 p.m. Office Location: Either […]
Real Estate Success Secrets
– ratesupermarket.ca
Whether you’re scraping together savings for your first home, or contemplating your next move in the market, Canadian real estate can be a tad… overwhelming. This week, we’ve touched on some of your biggest home buying questions, from saving for a second home, down payment loopholes, and even buying property out of the country.
Read on for our full coverage, plus the week’s top headlines.
Can I Still Get a “Zero Down” Mortgage With a Credit Union?
By law, every homebuyer must make a minimum 5% down payment on their new home purchase when taking out a mortgage from a federally regulated lender (think the 5 big banks). But what about credit unions, which are regulated provincially?
The truth is, zero-down mortgages do still exist at some of these lenders. But is it ever a good idea to get one?
Read Allan’s Blog | Can I Still Get a “Zero Down” Mortgage With a Credit Union?
Why Your Starter Home May Be Your Only Home
The traditional way into the housing market is to start small, build equity, and move on up to a bigger and better home later on…
Read on for our full coverage, plus the week’s top headlines.
Can I Still Get a “Zero Down” Mortgage With a Credit Union?
By law, every homebuyer must make a minimum 5% down payment on their new home purchase when taking out a mortgage from a federally regulated lender (think the 5 big banks). But what about credit unions, which are regulated provincially?
The truth is, zero-down mortgages do still exist at some of these lenders. But is it ever a good idea to get one?
Read Allan’s Blog | Can I Still Get a “Zero Down” Mortgage With a Credit Union?
Why Your Starter Home May Be Your Only Home
The traditional way into the housing market is to start small, build equity, and move on up to a bigger and better home later on…
INFOGRAPHIC: 3 Easy Steps to Save Over $100,000 On Your Mortgage
– ratesupermarket.ca
Want to pay less for your mortgage? It’s possible to cut down the amount you’ll pay by thousands of dollars – you just need to shake up your monthly mortgage payments. Check out these 3 easy steps for paying your mortgage off as fast as possible.
Ready to start mortgage shopping? Check out today’s best rates>
The post INFOGRAPHIC: 3 Easy Steps to Save Over $100,000 On Your Mortgage appeared first on MoneyWise.
DLC Makes Purview Free to Its Agents
– canadianmortgagetrends.com
Superbrokers love to tout their technology, but too often that technology consists of non-value-added web apps. Dominion Lending Centres (DLC) has an online tool that’s relevant. It’s called the Property Valuation System (PVS) and it’s a version of Teranet Purview, a property information system. With the PVS, a mortgage broker can: Instantly obtain property value estimates […]
