Equifax Launches Income Verification System + MORE Jan 23rd

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
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Personal finance expert Laleh Samarbakhsh shares her advice on the best ways to take advantage of the increased rates..... More »

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Mortgage rule changes and increasing interest rates—surprisingly—weren’t the top motivators for prospective homebuyers in 2017, according to a new survey from the Canada Mortgage and Housing Corporation (CMHC). Instead, the 2018 Prospective Home Buyers Survey found that improved accessibil.... More »
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New mortgage rules sending borrowers to alternatives + MORE Feb 7th

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Can I cancel my mortgage life insurance? It’s too costly + MORE Jan 26th

Q: My daughter and her husband did not earn enough, so my wife and I decided that we would help them by putting her name on the mortgage for the purchase of a new-build condo in Hamilton, Ontario. We opted to go with RBC and the mortgage was approved at a rate of 2.65%. In order to get the mortgage.... More »

Equifax Launches Income Verification System

– canadianmortgagetrends.com

Lenders across the country are trying to build their own versions of the evolutionary, if not revolutionary, Rocket Mortgage. But there’s one problem. Unlike in the U.S. where income/employment verification services are already available, Canada hasn’t had a good solution. That has now changed. Equifax has formally launched Verification Exchange, a product it’s been piloting […]

Continue Reading On canadianmortgagetrends.com »

The success of reverse mortgages will depend to a large extent on whether mortgage brokers provide effective, objective advice on the suitability of these products

Continue Reading On theglobeandmail.com »

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