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.
Latest News

Canadian banks set for strong results as trade, housing risks loom Feb 19th

As Big Six prepare to release earnings, rising household debt, slowing mortgage growth could weigh on outlook .... More »
 home equity

Opinion: S&P Overstates Broker Fraud Driver + MORE Mar 22nd

A few weeks ago, S&P said Canadian bank risk was rising, and it blamed mortgage brokers in the process. The rating agency wrote: “…The growing share of residential mortgages originated via brokers, compound the risks of high household debt and house prices…As brokers do not bear credit ri.... 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 »
 property

Ontario Housing Market: Increased Opportunity for Investors! + MORE Apr 6th

Rental vacancies are ridiculously low and demand for rental units is high… and growing! That’s just a sampling of the opportunistic real estate investment news Ted Tsiakopoulos, CMHC’s Regional Economist for Ontario, shared recently at the Canadian Mortgage Brokers’ Associat.... More »
 secure line of credit

Mortgage up for renewal? Read this first + MORE May 9th

New mortgage rules and higher interest rates may make it more difficult for you to renew your 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 »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!