What is a mortgage originator and what to look out for in one?

Finding yourself a good mortgage originator is one of the most important things you need to do before buying a home or refinancing one. This is because getting a home loan is probably the largest financial transaction you will ever make in your life, and you have to be more than prepared for it.  Therefore, […]

Mortgage Origination 101: All You Need to Know this 2021

Every time new mortgage rules take effect, changes also happen in the mortgage origination world. For example, at the beginning of May this year, the Office of the Superintendent of Financial Institutions or OSFI in Canada declared that they would increase the qualifying rate for homebuyers with a down payment of 20% or more. This […]

How do mortgage lenders handle mortgage loss?

Mortgage lenders are necessary for homeowners and property owners who often need mortgages to buy their dream homes and properties. This is because owning a property these days requires more stringent requirements and assessments, including the client’s financial capability. Mortgage companies exist to help aspiring homeowners with their funding needs. However, as lenders, there is […]