Broker strategies, New mortgage rules, Purchasing power, Housing affordability, More Great Chef 06.06 How can brokers maximize their chances of getting a deal approved? View web version | Forward to a colleague 09 October 2024 Top News How can brokers maximize their chances of getting a deal approved? Top lenders on what's needed to get a deal over the line – and it starts with clear communication Feds tweak mortgage insurance rules to spur secondary suite construction Government announces latest bid to tackle supply shortage Extra wiggle room with 35-year amortization Borrowers often worry about having extra funds available for the basics, including outstanding bills. Our expert BDM helped their broker lower a client's monthly payments and free up some ratio room by refinancing on a one-year term with a 35-year amortization. Now, the client has an extra $800 monthly to pay off debt Bridgewater Bank How has Canadians' purchasing power changed in recent years? Lower-income households have faced the biggest shock amid higher rates Rate drops help boost housing affordability: RBC Is the tide turning for homebuyers? Manitoba government commits millions for new housing investment trust The goal is to launch three housing projects within the next year Council fast-tracking affordable housing funds Measure aims to accelerate construction International News Mortgage rate optimism is at a 30-month high – so why aren't homes selling? Consumer housing sentiment has surged "Brokers, show self-employed workers they can get a mortgage" Lender suggests many working for themselves fear they won't be approved Bank charged for misleading practices Alleged breaches in fair dealing Financial stress hits 10-year high Rising costs of living and housing affordability challenges are major factors Want to change how you receive these emails? You can manage your preferences or unsubscribe. © 2024 KM Business Information Canada Ltd. 317 Adelaide Street West, Toronto, ON Privacy | Conditions of Use | About us | Contact us Share this Share on FacebookTweet on TwitterPlus on Google+
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