mortgage tips

How new mortgage brokers are overcoming the challenges of today’s high-rate environment

January 23, 2024 No Comments

It’s no secret that the current high-rate environment has been challenging for mortgage borrowers and mortgage professionals alike.

Why mortgage brokers should know prepayment penalty calculations inside and out

March 17, 2023 No Comments

All mortgage brokers should have a comfortable working knowledge of how prepayment penalties are calculated and applied.

Attention Brokers: How Many of You are Doing Website Audits?

April 11, 2022 No Comments

The word “audit” has such a bad reputation, it should be a four-letter word, not five. You hear audit, and you think “hassle.”

10 Reasons Why Homebuyers May Not Qualify for the Best Rates

April 5, 2022 1 Comment

As mortgage brokers, we know that homebuyers are sometimes disappointed when they can’t qualify for the best rates. They inevitably always come back with one burning question: why?

7 Tips for New Mortgage Brokers

March 30, 2022 1 Comment

If you’re a new mortgage broker, you’ll realize soon enough that there’s actually a great deal in this business that we have no control over.

Can You Qualify for a Mortgage While on Probation at Your Job?

January 10, 2022 No Comments

Last year, we noticed an increase in the number of mortgage applicants who are still on probation at their jobs.

best practices for down payment verification

Best Practices to Verify Your Clients’ Down Payments

May 25, 2021 3 Comments

Proving the source of your clients’ down payments can sometimes be the most time-consuming part of arranging a mortgage. Even when handled well, the process

A Pre-Approval Does Not Guarantee a Mortgage Approval

April 27, 2021 1 Comment

Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But the truth is a buyer

Don’t Let These Unexpected Closing Costs Catch You Off Guard

August 21, 2020 2 Comments

First-time homebuyers are often on a tight budget, where every dollar is carefully accounted for. Yet, many report confusion when told how much money to bring to their lawyer’s office to complete their home purchase.

9 Ways to Keep Your Credit Score as High as Possible (Part II)

July 7, 2020 1 Comment

In our previous post, we spoke about the fact that there are so many credit score providers out there, all providing different results, and chances