Gold-buying broker raises concerns

Gold-buying broker raises concerns By Vernon Clement Jones Some brokers fear it may tarnish the industry’s reputation. But a business advertising broker services – at the same it hawks “cash for gold” – is nonetheless focused on customer service, said the jeweler/mortgage professional behind it. “I am a licensed mortgage agent,” Harold Gerstel, otherwise known […]

Lower Qualification Rates on Conventional Mortgages. A Trend?

One year after most banks started using posted rates to qualify conventional mortgages, we’re starting to see some loosening of those policies. Three weeks ago, Scotiabank lowered its conventional qualifying interest rates, and last week FirstLine (a division of CIBC) did the same. Lower qualification rates impact debt ratio calculations and make it easier for […]