Housing affordability continues to remain stable across Canada, creating the perfect environment for savvy home hunters. With more houses available on the market, buyers are becoming much more competitive, rushing to complete their purchase agreements. Situations like this often lead to costly buyer errors, as anxious home hunters make hasty, uninformed choices. These mistakes are sometimes impossible to reverse, so be careful. Continue reading
Category Archives: FamilyLending.ca
Re/Max Report Predicts Robust 2012 Canadian Housing Market
The Canadian housing market showed exceptional resilience in 2011, according to Re/Max’s annual housing marketing outlook. Published early last week, the report states that an estimated 460,000 homes are expected to be sold this year, a significant increase over last year’s 44,010 properties.
Re/Max credits low interest rates for the housing market’s success, along with tight inventory levels and increased urban demand. And while the European debt crisis and worsening American recession continue to plague the global marketplace, it appears to have had little effect on the Canadian housing market. The country’s economic foundations actually grew in the past year, thanks to the addition of more than 200,000 jobs and slow but steady GDP growth. According to Re/Max’s report, economists are already looking forward to increased growth and renewed investment in 2012. Continue reading
Mortgage Agent/Broker Job Positions
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.
Are Your Ready to Buy?
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
Should You Sell Your House By Yourself?
Do you really need a listing agent to help sell your home? More and more home sellers are opting to go it alone when listing their property, but is the risk really worth the reward? For many, the answer is yes. Listing your home on your own can cut out on average about 6% in commission costs. That’s about $18,000 on a $300,000 home. Is a selling agent’s experience worth the cost? The mortgage brokers at FamilyLending.ca have investigated both sides of the coin, and offer up the following pros and cons to consider: Continue reading