The Bank of Canada has opted to freeze rates for the 11th consecutive time, maintaining the 1.0% interest rate this morning.
The stay is consistent with Governor Mark Carney’s statements from October that forecasted no changes for the foreseeable future. The current Chairman of the Financial Stability Board insists that the Bank will remain flexible, in light of world and domestic future developments (specifically the never-ending European debt and banking crisis). Continue reading
It’s a sad but stark reality: when buying real estate, far too many Canadians fail to take the basic precautions or perform standard due diligence prior to submitting an offer. Instead of running the numbers, comparing mortgage rates, and consulting with a professional mortgage broker, home hunters are simply throwing caution to the wind and diving into the housing market head first. This approach is crazy – real estate is typically the largest and riskiest asset someone could ever buy. The housing crisis of the past few years has certainly showed us how problematic and unpredictable investing in real estate can be. Continue reading
Mortgage Broker/Agent
PART/Full Time – commission with Bonus
Location: Ontario
Submit resume to: careers@familylending.ca
FamilyLending.ca is looking for experienced Mortgage Brokers / Agents in Ontario.
Responsibilities:
Review and analyze mortgage applications.
Complete an interview with the borrower in order to properly assess their current financial situation and determine solution.
Review and understand such items as paystub, EI statements, bank statements, credit reports and various other forms of documentation to determine eligibility mortgage loan
Assess and interpret financial information in order to identify the best possible mortgage lender and product solution for the borrower.
Recognize and implement available strategies for each borrower.
Provide an objective and meaningful analysis to management as to mortgage solutions and placement.
Ability to navigate and understand internal systems: MS Word, Excel, Outlook, Filogix
Provide a concise note summary on each account regarding the borrower’s interview and analysis.
Adhere to privacy policies and brokerage and legislative procedures as outlined in the MBLAA and Brokerage Compliance Program.
Work closely with internal brokerage departments within FamilyLending.ca to ensure continuity amongst each department.
Requirements:
Min. 2 yrs experience in Mortgage Industry.
Educational requirements/exemptions have been previously met to become immediately licensed by FamilyLending.
MS Word, Excel, Outlook, Filogix
Strong communication skills between internal and external sources.
Analytical and organizational skills
Ability to effectively balance multiple tasks and assist the team as required
Management skills an asset.
Underwriting experience an asset
Ability to understand and interpret credit bureaus, income documents and bank statements
Ability to deal with customers and obtain their comfort level and provide exceptional service.
Maintain a POSITIVE team attitude
FamilyLending.ca is an equal opportunity employer. It is the Company’s policy to recruit and select applicants for employment solely on the basis of their qualifications, with emphasis on selecting the best qualified person for the job. FamilyLending.ca does not discriminate against applicants based on race, color, religion, sex, national origin, or disability or any other status or condition protected by applicable legislation.
Feeling a little wet behind the ears while shopping for your first home? Well, instead of looking listings up online, why not spend the day out and about visiting open houses in your target neighbourhoods? Even if you’re still in the window shopping phase, open houses are a great place to learn the ins and outs of your local market, refine your first time home buyer wish list, and get realistic about what you can afford based on a mortgage pre-approval. Continue reading
You’ve had it with your roommates and you’ve had it with paying rent. You’re ready to move out and you’re seriously considering taking the leap into homeownership. But just because you want to buy a home, doesn’t mean you should. Before you start planning your housewarming party, take a minute to sit down and consider everything that comes along with homeownership. From mortgage rate trends to better budgeting, there’s more to buying a house than simply signing an offer. Continue reading