Broker focus, Variable rate impact, GTA, Best for borrowers, More

Alta West maintains broker focus as it gears up for 2023

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23 November 2022

Top news Alta West maintains broker focus as it gears up for 2023 The company's solutions are a strong fit for the current market, executive tells CMP Which mortgage type is best for borrowers in the current market? Plus: The pros and cons of choosing a shorter mortgage term Extra wiggle room with 35-year amortization With interest rates on the rise, affordability is a big concern for borrowers. In this scenario, the borrower needed to pay off some debt. Our expert BDM worked with the mortgage broker to help lower their client's monthly payments and free up some ratio room. The solution? Refinancing on a 1-year term at 6.19% with a 35-year amortization. Now, the client has an extra $800 monthly to pay off debt. Deal done. Bridgewater Bank Recent homebuyers to find rate increases painful: BoC Mortgage renewal will not be a good time for Canada's borrowers… How did the GTA new home market perform in October? The market is still reeling from the pronounced slowdown seen in the overall Canadian housing sector this year, new report says Last Chance to Register Don't miss out on the Canadian Mortgage Summit this Thursday! Register before it is too late! Canadian Mortgage Summit How did average home prices shift across Canada's cities last month? Statistics Canada reveals the latest Avison Young on the recent shift in the Winnipeg office market The return to the geographic centre has seen increasing momentum New podcast: Support for Canada's mortgage brokers How one company prioritizes BDMs and created a successful credit policy Community Trust International news Is 2023 the year of rent-to-own? Examining the challenges of homeownership and a possible solution RBNZ announces November official rate And it's going to hit mortgage holders hard Government to crack down on buy now, pay later Borrower checks fall short, says broker Mortgage downturn: taking the long view Adopting long-term strategies might be the best answer, says CEO

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