• Access to more lenders
  • Unbiased and works for you, not the bank
  • More experience to help you decide what’s best
  • Meet when or where is convenient to you
  • Pre-qualifying for peace of mind
  • Your partner to solve issues and reduce complications
  • No cost for my services, in most cases I’m paid by the lender

Customers say:

“It was the best because it was so personal. Didn’t leave my livingroom.”

“Don’t feel comfortable negotiating best rate? Your Broker does it for you”

“Best way to get the best-priced and best-structured mortgage”

“The more the Broker’s experience, the greater the trust”

MAY  18  2012
THE MORTGAGE ALTERNATIVE Most Banks
6 mo. 4.45 4.55
1 yr 2.80 3.20
2 yr 2.90 4.00
3 yr 3.00 4.15
4 yr 3.20 4.25
5 yr 3.24/SPCL 4.35
7yr 3.89 5.35
10 yr 3.95 5.75

5 yr VARIABLE 2.90 %

50/50 5YR/VAR 3.20 %

PRIME 3.00 %

Is CMHC in trouble? Don’t think so. Here’s what a typical loan looks like:

  • Average outstanding mortgage amount: $162,157
  • Average equity: 44%
  • Borrowers with 20%+ equity: 75%
  • Borrowers with less than 10% equity: 8%
  • Insured borrowers with homes more than $400,000: 13%
  • Average credit score: 724
  • Borrowers with a credit score >= 700: 76%
  • Portion of insurance that’s high-ratio: 50%
  • Ratio of high-ratio mortgages with fixed rates: 75%
  • Ratio of high-ratio mortgages with terms >= three years: 88%
  • Portion of high-ratio borrowers ahead of their scheduled amortization by 1+ payment(s): 33%
  • Average amortization at time of approval: 25 years