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Within Canada it is the provincial government who establishes the laws which regulate mortgage brokerage. Mortgage brokerage businesses within nearly all provinces must carry a provincial license. There are three major insurance companies in the country which insure high ratio loans: Genworth Financial, Canada Guaranty and Canada Mortgage and Housing Corporation. The Canadian Association of […]
There are several specific stuff you can do to lessen the cost of borrowing and shorten the duration of your mortgage. There are numerous benefits to shortening your mortgage. The main advantage is that you will end up paying less for the cost of borrowing the money. It is possible to free up money for […]
The mortgage broker’s responsibility is to be the liaison between the client or borrower and the financial lending institution is the process of negotiating a mortgage loan deal. The broker sells the mortgage loans to the individual borrowers on behalf of the businesses, based on the best criteria fit for a particular product. They take […]
The idea of obtaining a house for a first time buyer could be extremely daunting and many do not know if it is possible in their budget. With the variety of options obtainable to consumers, securing a mortgage has never been easier. Lenders will decide whether an individual is qualified when considering mortgage applications. They […]
