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Latest News
Canada's Mortgage Rules Could Leave Millennials Hanging, Study Says + MORE Oct 10th
Canada's new mortgage rules could leave millennials struggling to buy a home, realtors say.
But there are benefits, too. Such as keeping them from buying units they can't afford.
A Vancouver home for sale. (Photo: Jonathan Hayward/CP)
Millennials could lose as much as 20 per cent of their "purch.... More »
Brokers: How to Stay in Touch with Your Clients Oct 13th
It’s a mortgage broker’s job to remain in touch with their clients. But because years can pass between dealing with these clients, and perhaps for a lack of organization skills, that doesn’t always happen. Unfortunately, when it’s time to refinance or renew the mortgage, these fo.... More »
Lendesk Offers Documentation Collection Solution Feb 10th
For mortgage brokers looking to automate the tedious process of down payment verification, Lendesk’s release of Level in early December was something of an early Christmas gift. It is touted as the only product on the Canadian market that automates the collection of client bank statements on t.... More »
TD Bank sees mortgage volumes rise 7% in Q2, gains market share May 27th
Despite a slow real estate market and high interest rates, TD Bank reported a 7% increase in real estate secured lending (RESL) in the second quarter..... More »
Banks cutting variable mortgage rates to drum up business even as fixed rates rise + MORE May 18th
A number of Canadian lenders have slashed their variable mortgage rates in recent days, even as some of those same lenders are raising their fixed-rate mortgages..... More »
New Online Mortgage Stats
– canadianmortgagetrends.com
“No one wants to get their mortgage online,” I remember a veteran agent telling me when I started brokering in 2007. “People want to look you in the eye before they trust you with the biggest debt of their life.” I wonder if that broker would say the same thing today. He definitely won’t say the same thing a decade from now. Times can change before we know it as technology enables customers to do things online that many once thought improbable. Discover Home Loans released a recent survey that hints at how the landscape is changing. It’s U.S. data READ MORE
