Can this couple make a savings plan for now, and down the road? + MORE Sep 26th

Company: Search Mortgage Corp. Lic #12652 Position: Mortgage Agent Location: Greater Toronto Area, ON Mortgage Agent   Years of Experience Required: 1 year or no experience if you have a strong sales, mortgage or banking background. Are licences or Registrations Required? No City of Job: Mobile Mortgage Agent within the GTA. Training is mandatory at our Mississauga location. Interested Candidates May Submit Resume To: Info@SearchMortgage.ca   Busy real estate brokerage has just opened a residential mortgage brokerage and needs 5 full time mortgage agents to handle their incoming leads. Leads come in a form of home buyer leads inquiring on READ MORE

Laura and Liam want to take a vacation, buy a new car and pay down their mortgage, but don’t want to sacrifice retirement-spending goals

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At just 23, and with no mortgage and no dependents, Blair is able to sock away about half his paycheque. He’s set up a TFSA at a discount brokerage and makes automatic contributions to a portfolio of low-cost mutual funds. (Photograph by Jaime Hogge)
Blair Stiver knows something about crunching numbers. The 23-year-old from King City, Ont., is a newly minted graduate in accounting and is now working as a bookkeeper for a nearby printing company. He’s even built a spreadsheet plotting out a three-year plan for his TFSA. “I want to get as much in there as I can now to give it more time to grow.” For young people just starting their careers, the TFSA offers something their parents never enjoyed: the possibility of building a retirement nest-egg that will grow entirely tax-free. Not only might they be able to avoid investing in taxable accounts, they might never even need an RRSP…

Three out of four Canadian bank customers say their primary bank fails to meet their expectations. That’s according to a recent survey by FIS, whose findings identify key areas where banks must improve. Banks get high marks for things like in-person service, convenience and online connectivity, but fall short in terms of fairness of fees, following through on promises, rewarding loyalty and transparency of pricing. These shortcomings are something to heed for all bank challengers, including mortgage brokers and credit unions. As a whole, Canadian banks got a 76 out of 100 satisfaction rating (with 100 being the goal). Credit READ MORE

As the largest mortgage broker firm in Canada, Dominion Lending Centres (DLC) collects loads of valuable statistics. So when we asked for data on how mortgage rate buydowns are affecting brokers, we were very happy it obliged. Here is some of the information the company provided to CMT. Note: These figures do not include Mortgage Centre Canada, which is owned by DLC:   The above numbers highlight some notable trends: There’s been only a slight downtrend in broker compensation per deal, suggesting pressure on brokers to buy down mortgage rates has been less than first thought. Since the bulk of successful brokers are READ MORE