Are shorter mortgage amortizations always better? No – Ask a Vancouver Mortgage Broker

ROBERT MCLISTER- Special to The Globe and Mail For years we’ve been taught that shorter mortgage amortizations are better. Most people in the mortgage business don’t challenge this premise and certain lenders preach it as gospel. Consider this recent statement by a bank spokesperson: “Choosing a shorter amortization is the most responsible approach to home financing. […]

Are Automated Home Evaluations Too Risky? – From your Friendly Vancouver Mortgage Broker

Are Automated Home Evaluations Too Risky? – From your Friendly Vancouver Mortgage Broker How do automated evaluation systems such as emili which is used by CMHC, or Excel, which is used by Genworth, compare to the efficiency of human home appraisers? This Vancouver mortgage broker examines this interesting and challenging issue in more detail. This […]

emili Criticisms Resurface- Adil Virani – Vancouver Mortgage Broker

The Globe and Mail has taken another look at automated home valuations, casting a dark shadow on their efficacy. It’s the paper’s second take on this topic since October. (Here’s the prior story: CMHC’s emili Under Fire) Like the last go-round, this story is laced with concern. Some of that concern is justified given that: a) housing finance […]