Tag Archive: Broker


Make a Mortgage Broker Part of your Financial Plan

For most Canadians, buying a home is the largest financial decision they will make in their lifetime. Yet, consumers across the country are more likely to painstakingly review dozens of investment possibilities for their portfolios than to scrutinize their mortgage choices. The mortgage world – like the investment world – can sometimes be confusing. There is a vast array of choices – open, closed, fixed, floating, long or short amortization, prepayment options, portability… and of course, the rate itself.

Making the right mortgage decision can have a huge financial impact over the long term. Many Canadians have an investment advisor to help them sort

7 Reasons to Use a Mortgage Broker

7 Reasons to Use a Mortgage Broker

For many people, mortgage payments are their single largest expense. Yet, when financing a home, most Canadians don’t comparison shop to ensure they’re getting the best mortgage rate and terms available. This mistake can cost homeowners tens of thousands of dollars over the course of their mortgage.

Here are seven ways mortgage brokers can help:

Access to competitive rates

Brokers deal with multiple competing lenders and can often access exclusive rates. Based on the number of mortgages brokers complete each year, they also have the power to negotiate rate discounts from lenders, which can be passed on to their

Mortgage Broker Bond – The Current Status of GMAC Bonds

The financial crisis currently felt all over the world, it is not only the average American that has been feeling the crunch.  Many business organizations, particularly those in the financial industries have been also feeling the effects of the current global financial crisis.  This is despite the fact that there has been a rise on the number of Americans now looking for means and ways to be able to cope financially with its effects.

Such was the case with the General Motors Acceptance Corporation, also known as GMAC.  Once a division under the General Motors Company, GMAC was founded back in 1919 in Detroit, Michigan and is currently now a separate business