Mortgage brokers are useful resources for borrowers in difficult financial circumstances. They have access to lenders that work with nontraditional borrowers and can help buyers find the best interest rates. While a broker can cost up to 2% of the loan amount, they can save borrowers from mistakes. These brokers can close many loans quickly....
It is difficult to predict what the property market will do in the future. Many national surveys and national media reports are not always representative of the local property market. Media coverage of property values often focuses on the whole property market, which means that a 10% change could affect all 1.3 million properties. In practice,...
In Canada, mortgage brokers are regulated by the Mortgage Brokers' Regulatory Council of Canada (MBRC), a forum for provincial regulators that coordinates regulatory practices. MBRC members include the nine provinces except Prince Edward Island, and Quebec. There are four stages in the certification process, including courses in professional...