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Mortgage Broker vs Bank Lending

Mortgage Broker vs Bank Lending

1) What exactly is a mortgage broker? A mortgage Broker is someone who facilitates a mortgage for a customer. They basically underwrite the mortgage for the bank/lender, they assess each individuals lending criteria, and provide them with the knowledge of the term and conditions of their approval. 2) How does a mortgage broker get paid? A mortgage broker […]

Client vs Customer

Client vs Customer

As of July 1, 2014, the Real Estate Council of Alberta required all residential Realtors to use written service agreements with their clients. This not only enhanced consumer protection by outlining the roles and obligations of Realtors, but reduced the potential for conflicts and confusion. So what makes you a client? That often depends on […]