Friday Mortgage Round Up – March 2nd, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up – March 2nd, 2012

As if BMO’s 2.99% 5 year fixed rate that rocked the mortgage world wasn’t enough, they have now issued a public warning to brokers along the lines of “ready or not, here we come”. They’re looking to grow fins and be a shark in the market by building up their mortgage sales force and capturing market share. Plus, find out what really happens behind the mortgage scenes. Continue reading »

Mortgage Professional On The Front Line To Homeownership

Mortgage Professional On The Front Line To Homeownership

Increasingly Canadians looking to buy a house are seeking more information from the professional helping to secure their mortgage. They look to their mortgage expert for good financial advice, guidance and some level of consultation on what most likely is the biggest investment of their lives. Mortgage experts are now on the front line when giving advice to new homeowners on how much they should borrow and at what rate. Continue reading »

What are the Banks’ Posted Rates for?

What are the Banks’ Posted Rates for?

Only the most naïve customer would pay the “posted” rate for their mortgage. (You didn’t pay the posted rate…did you?!?). Whether you use a third-party mortgage broker, or simply walked into your nearest bank branch and spoke with their mortgage specialist, you almost certainly were offered a discount off the posted rate. So why do financial institutions bother having these rates? Continue reading »