CAAMP: Major Job Losses From Amortization Change – Ask a Vancouver Mortgage Broker

CAAMP: Major Job Losses From Amortization Change Killing 30-yearamortizations on high-ratio insured mortgages was a move that some criticized and some applauded. But few could measure the potential side effects when the decision was made last July. But now, Will Dunning, Chief Economist at the Canadian Association of Accredited Mortgage Professionals (CAAMP), has put out data […]

Brokers at par with banks on new mortgages – CAAMP. – Consult a Vancouver Mortgage Broker for more information

Broker gripes aside, the new mortgage rules may have helped them grow market share, with CAAMP’s latest report suggesting brokers are now even Stephen with banks in terms of new mortgage originations. Of consumers who consulted mortgage professionals, 47 per cent of 2,000 respondents obtaining mortgages this year did so through a bank, while 47 […]

More than 60% of Home Buyers Need Mortgage Insurance

More than 60% of Home Buyers Need Mortgage Insurance   With the new federal regs coming into play in the near future, what does this mean for your Vancouver Mortgage Broker? Will new home buyers get squeezed out, or are they going to have to pay through the nose to own a home? How will […]

34, mortgage and debt free: Here’s how

Over the past 18 months Moneyville has followed my early retirement journey which started as a dream to retire when I was 45. I’ve been working hard over the past few years to make the dream come true and I’ve managed to bring the target down to Freedom 42, just eight years from now. I’m […]

Nova Scotia’s Proposed Broker Rules

Nova Scotia has new mortgage broker regulations in the works and they look like a win for the province’s homeowners. In a nutshell, they provide NS borrowers with better disclosure and more assurance that the broker they are dealing with is competent and acting in their best interests. A few of the proposals may need […]