Mortgage Brokerage Chiefs Speak Out

Mortgage Brokerage Chiefs Speak Out The heads of Canada’s largest mortgage brokerages spoke at the recently-concluded CAAMP Forum in Vancouver. They opined on industry risks, rates, broker attitudes and competition, among other hot topics. Here are the highlights… The Panel Five brokerage industry leaders participated: Michael Beckett (Mortgage Alliance), Colin Dreyer (VERICO), Martin Leedham (Visiting from the Australian […]

When is the Best Time to Sell your Vancouver Home? – Consult with a Vancouver Mortgage Broker

When is the Best Time to Sell your Vancouver Home? – Consult with a Vancouver Mortgage Broker This is a very popular and common question which many people ask both their real estate agent and their Vancouver mortgage broker. The answer varies and is sometimes even hotly debated among the professionals. Clearly, some people favour […]

Dunning: Mortgage Rules (Round 4) Were Overkill – Consult with a Vancouver Mortgage Broker

“…The changes to mortgage insurance criteria are unnecessarily jeopardizing the health of Canada’s housing markets and the broader economy.” That’s the conclusion from economist Will Dunning inCAAMP’s just-released State of the Residential Mortgage Market report. (Link) Dunning says his research suggests the Finance Department has created “a policy-induced housing market downturn” that could reinforce existing […]

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 […]

Vast majority now favour fixed-rate mortgages – Ask a Vancouver Mortgage Broker

While it looks like interest rates will remain low for some time, there has been a large swing from variable to fixed-rate mortgages over the past year, says a new report by the Canadian Association of Accredited Mortgage Professionals. CAAMP’s annual report on the state of the residential mortgage market, released Monday, suggests that 79 […]

10 Quick Quotes from CAAMP’s Econ Panel

10 Quick Quotes from CAAMP’s Econ Panel This year’s CAAMP economic roundtable in Vancouver included chief economists from Scotiabank (Warren Jestin), National Bank (Stephane Marion) and Laurentian Bank (Carlos Leitao). Most of their discussion revolved around risk in some way or another. Here’s a quick rundown of 10 comments they made that stuck out: “The biggest risk […]

Pay off your Mortgage Before you Retire – From your Friendly Vancouver Mortgage Broker

Pay off your Mortgage Before you Retire – From your Friendly Vancouver Mortgage Broker Back in the old days, most people had planned to pay off their mortgage before they retired. Times have definitely changed and if anything the reverse seems true in today’s climate. The baby boomers could be facing some rough waters ahead […]

Association grows its reach- Consult with a Vancouver Mortgage Broker

Atlantic Canada is edging closer to real regulation, with the Nova Scotia government now eyeing the region’s fledgling association as a provider of basic broker education even as another province appears to drag its heels. “The province has indicated that MBAAC (Mortgage Brokers Association of Atlantic Canada) will be an approved provider of the minimum education requirement […]

New Mortgage Rules Take Effect November 1, 2012 – From you Vancouver Mortgage Broker

New Mortgage Rules Take Effect November 1, 2012 – From you Vancouver Mortgage Broker November 1 is the day when the new mortgage regulations are put out by Office of the Superintendent of Financial Institutions Canada (OSFI). These mortgage regulations are called the B-20 guidelines and apply to any mortgage lender which is federally regulated. […]

Reasons Why you Might Want a Second Mortgage – Ask a Vancouver Mortgage Broker

Reasons Why you Might Want a Second Mortgage WithVancouvermortgage rates so low, now might be an ideal time to take out second mortgage. When money is still cheap to borrow and you need a big chunk, you don’t have to max out those expensive credit cards, or get a more costly personal loan. If you […]

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