Super Brokers News
When is the Last Time You Checked Your Credit History?
By: The Super BrokerFind out how credit rating affects your mortgage rates and eligibility for most mortgage products.
Do You Know What Your Home Insurance Policy Covers?
By: Elias KellendonkOf over 1,500 Canadians questioned, nearly 25 per cent stated that they did not know what their insurance policy entitled them coverage to.
Credit Granting in Canada Can Foster Dependence
By: The Super BrokerPaying the absolute minimum amount on your credit card debt will cost you thousands of dollars in accrued interest.
Online Mortgage Calculators: Homebuyers Make Use
By: Elias KellendonkThe online mortgage calculator does all the math for you, and is a great asset in determining your true budget for home buying.
Straw Borrowers Face Fraud Charges
By: Elias KellendonkCanadians that believe they can allow others to use their names and credit records to attain mortgages on a property are mistaken. Doing as much can result in jail time and large fines.
Canada’s Mortgage Broker Count Plateaus
By: The Super BrokerCAAMP says that there are nearly 20,000 Canadians holding mortgage broker and mortgage agent licenses in Canada. Of these 20,000 mortgage professionals, it is assumed that only 12,000 are currently active.
Rising Canadian Mortgage Balances could see Downward Shift
By: The Super BrokerAmidst falling housing prices, Canadian mortgage balances have risen for nearly a third of Canadian home owners.
Making Pre-Payments Before you Discharge your Mortgage
By: Elias KellendonkThough rules vary from lender to lender, making a hefty pre-payment towards your mortgage before you discharge can yield positive effects.
Does Low Rate Mean Low Quality?
By: Elias KellendonkSome mortgage brokers believe that professionals offering the lowest mortgage rates are sacrificing the value of professional guidance for rock bottom Canadian mortgage rates.
Private Mortgage Insurers Re-Surface in Canada
By: The Super BrokerIn recovery from the mid-2007 crisis faced by mortgage default insurance companies, private mortgage insurance has become popular once again.