Broker Lender Applies for Bank Charter – Need real estate financing – find a Vancouver mortgage broker

Broker Lender Applies for Bank Charter Within a few years, you may have another option when it comes to banking. The fourth-largest broker channel lender by market share, Street Capital, has made public its intention to become a licensed bank. So not only will the company offer real estate financing, but also traditional banking products. […]

Noose Tightens for Potential Homebuyers Standing on Edge – Find a trusted mortgage broker in Vancouver

Noose Tightens for Potential Homebuyers Standing on Edge Anyone who has worked in the real estate business knows how important first time buyers are for residential real estate prices; this includes your trusted mortgage broker in Vancouver. The fact is, new buyers make up a substantial volume of the water on which home prices float. […]

Hurdles Rise for Entry-Level Buyers

Residential real estate relies on first-time buyers, like McDonalds relies on kids loving hamburgers. We need constant demand from young people to keep home prices on the incline. So what happens when it gets harder for fledgling buyers to qualify for the same priced house? With other things equal, prices should drop to meet that new […]

Cashback Down Payments set to meet their Maker- See A Trusted Mortgage Broker

Cashback Down Payments set to meet their Maker New information suggests that mortgages with cashback down payments could go the way of the dodo, or Yanghzee pink river dolphin if you will. Just about every trusted mortgage broker in Vancouver has been advising against cashback mortgages for some time, but only in the last few years has […]

Another Entrant Joins the Residential Mortgage Space

Another Entrant Joins the Residential Mortgage Space Even in the midst of a slowdown in Canadian mortgage growth, startups continue being attracted to the residential mortgage space in Canada. Among the newest group of entrants, we find CMLS Financial Ltd.; the company will launch a lending channel for residential mortgages in the early part of […]

Canada among 7 best housing markets in the world

While much of the world is seeing home prices depreciate, there are a few countries where home prices are on the rise.Canada ranked among Germany, Switzerland and Hong Kong in the top 7 housing markets. Global Property Guide’s latest report shows, however, that even the strongest housing markets are losing momentum as the economy falters. […]

CMHC Updates- Best Mortgage Rates in BC

CMHC Updates The largest mortgage insurer inCanada, Canada Mortgage and Housing Corporation (CMHC) is nearing it’s limit on how much mortgage default insurance its allowed to underwrite. Of its $600 billion capacity allocated to it by the government, only $24 billion remains. Mortgage default insurance protects the lending party in the event that a homeowner […]

Hows your Mortgage War Chest?

Hows your Mortgage War Chest? Would you walk a tightrope without a net? Skydive without a quality parachute? Rock climb without a harness? Then why do so many people go into a mortgage without emergency funds? Any honest mortgage broker will tell you this is a bad idea. It’s a metaphorical extreme sport if you […]

To Buy or not to Buy, that’s a Pretty Big Question (part 1)

To Buy or not to Buy, that’s a Pretty Big Question (part 1) This is part 1 of a 2 part series on down-payments for first-time buyers. A recent survey from TD Canada Trust indicated that 60% of recent homebuyers were not pleased with their down payment. A larger down-payment benefits the buyer in a […]

Online Marketing for Brokers – New Broker Rankings Indicate Trend

New Broker Rankings Indicate Trend Broker rankings for 2011 were recently released by CMP. As is typical, most of the industry’s brokers (including many Vancouver mortgage brokers) have been left out; many simply aren’t willing to submit their deals to the survey. Regardless of the exclusions, it does provide some insight into the brokerages of […]

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