Nothing says commitment like a mortgage + MORE Nov 30th

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.

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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 »

Brokers react to the government’s “nonsense” mortgage charter + MORE Dec 1st

The Liberal government last week unveiled a "new" Canadian Mortgage Charter aimed at ensuring lenders offer relief to mortgage borrowers who are struggling to make their payments..... More »

Is it time to search for bond alternatives for your balanced portfolio? + MORE Oct 20th

I was recently warned by someone in the financial sector that it’s not a great time to invest in bond ETFs. My current asset allocation is 60% equities and 40% bonds, so I’m wondering what alternatives would you suggest for that 40% portion of my balanced portfolio? At first I considered real.... More »

Chartered Banks Saw a Surge in Uninsured Mortgage Origination in Q3: CMHC Jan 28th

Chartered banks saw mortgage originations grow by 11% in the third quarter, a growing percentage of which were uninsured mortgages. Comparatively, non-bank lenders, including mortgage finance companies, trusts and insurance companies, saw mortgage activity rise 4%, according to the Canada Mortgage a.... More »

Why Do I Get Different Credit Scores from Different Websites in Canada? + MORE Dec 6th

Have you received a different credit score from a credit monitoring website than you did when applying for a car loan or mortgage? This isn’t just surprising for you: it’s a likely result. Canadians can use several free credit report sites to monitor their credit; they can also pay for .... More »

Mortgage Career: Verico Homeguard Funding Ltd.

– canadianmortgagetrends.com

Company: Verico Homeguard Funding Ltd. Position: Mortgage Underwriter (Full time, salary + bonus) Location: Newmarket, ON Apply to: info@homeguardfunding.com Mortgage Underwriter (Full time, salary + bonus incentive) Experience Required: 2 years+ experience in the mortgage industry, willing to train the right candidate Licences Required: Agent Licence considered an asset but not required The underwriter will be responsible for: Packaging applications originated by brokers and agents to our lender partners Preparing deal paperwork Reviewing loan documentation Working with clients, lenders and lawyers to ensure the timely closing of mortgage transactions Homeguard Funding Ltd. is a very well established and READ MORE

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Nothing says commitment like a mortgage

– moneysense.ca

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You can get married, but if you really want to to make a commitment to one another, take on a mortgage.
That’s because a mortgage is a commitment that survives, even if both of you don’t. Sounds a bit morbid but couples need to consider what happens should one of you die. If this were to happen, the surviving spouse would still be responsible for paying the mortgage. Yet, most couples base their mortgage payments on two incomes—and this can create a real problem should only one of you survive to pay the bills.
To help mitigate the risks of too many bills and not enough money, consider life insurance. To help you sift through the options, Bruce Sellery offers some insight.
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The post Nothing says commitment like a mortgage appeared first on MoneySense.

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What’s New With Lenders & Suppliers

– canadianmortgagetrends.com

Mortgage Professionals Canada’s National Conference has wrapped up in Vancouver. It’s the nation’s largest gathering of mortgage brokers and lenders. One of the best MPC events is perennially the Expo. It’s kind of like Christmas for mortgage brokers because you always discover new products and services to improve your revenue. On that note, here’s some of the news we heard on the show floor: B2B Bank: Is now the only national lender left who still offers a 35-year amortization. Bridgewater Bank: Is reportedly considering re-entering the prime lending market. Eclipse: Is one of the only B-lenders with its own MIC; it’s doing 85% LTV bundles again. Home Trust: Will be announcing a new READ MORE

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