More people using mortgage brokers

Report says first-time buyers, younger purchasers more likely to use brokers The percentage of Canadians using mortgage brokers to buy their homes has increased significantly, according to a report released yesterday. The Deloitte report, Winning Strategies in the Brokered Mortgage Marketplace, said that in the 1990s mortgage brokers numbered in the hundreds and were “lenders [...]

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Six suggestions for avoiding mortgage fraud

Whenever the housing market starts to heat up, so does mortgage and real estate fraud. Buyers rush through deals to avoid losing out, but can end up being scammed if they’re not careful. While there are no statistics on these types of fraud in Canada, in the United States, it is estimated to cost victims [...]

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Nine signs you can’t afford your mortgage

While plenty of individuals live from paycheque to paycheque, most consumers know they should be saving money and reducing debt. The recession has drummed that concept into everyone’s head as people have watched their neighbours and friends lose jobs and sometimes their home. Many people say that money worries keep them awake at night, but [...]

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