Far too many Canadians simply walk down the street to their local bank when they need a home loan, even though good mortgage brokers could earn them a much better rate by negotiating with different lenders to ensure they’re getting the best possible mortgage rate. That’s changing, though, as more and more homebuyers and homeowners [...]
As we have noted in the past, relatively recent changes to legislation and lending guidelines have made it tougher for new and lesser-qualified borrowers to get home loans. What sometimes gets lost in the discussion about tighter credit, however, is that home loan rates in Canada are at a historic 60-year low. In other words, [...]
Recent Comments