https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-ottawas-first-time-home-buyer-incentive-who-wins-and-who-loses/ It’s an especially good tactic for short-term homeowners to save interest and premiums, on the backs of taxpayers. “That’s gaming the system,” says mortgage broker Shawn Stillman of Toronto-based Mortgage Outlet Inc. “But that’s not what the government wants. It wants people in their houses long term because it’s losing money if they’re not. […]

https://financialpost.com/real-estate/mortgages/meet-the-alternative-mortgage-lender-whos-become-a-last-resort-for-desperate-homebuyers-bigger-banks-wont-touch ‘We tell the borrowers if you are dishonest to us, it’s like pulling a loaded gun on yourself’ When prospective borrowers sit down in the boardroom to negotiate a loan at one of Canada’s largest alternative lenders, they’re greeted by a sculpture of a gun with its barrel twisted back toward the shooter.

  https://torontostoreys.com/million-dollar-mortgages-toronto-lowestrates/ Shawn Stillman, principal broker at Mortgage Outlet, told LowestRates he’s now seeing larger mortgages in the GTA than he did before the pandemic. “Up until this year, mortgages of $1 million or more have been rare,” said Stillman. In the 10 years Stillman has been a mortgage broker, he told LowestRates he’s done […]

  https://www.mortgagebrokernews.ca/news/tips-for-rookies-from-some-of-canadas-top-brokers-332612.aspx “Top brokers are having record years,” said Mortgage Outlet’s Elan Weintraub. “I think newer people are not necessarily getting in on that.” Weintraub’s advice for mortgage newbies was simple: Work your asses off. “When I look at this panel, this panel of top producers, they’re literally all working eight, ten, twelve hours a […]

  https://www.realtor.ca/blog/postpage/14024/1361/everything-you-need-to-know-about-reverse-mortgages Now more than ever, Canada’s experienced homeowners are tapping into their home equity in exchange for cash, a process known as a reverse mortgage.  Over the years, this type of mortgage loan has grown in popularity among seniors. In fact, in January 2020, reverse mortgage debt reached a new record of $4.03 billion, […]

  https://www.mortgagebrokernews.ca/people/shawn-stillman-faith-and-grit-are-a-brokers-most-powerful-tools-330040.aspx The road to success in the mortgage space is a craggy, winding one – a fact that Shawn Stillman (pictured), broker and co-founder of the Toronto-based Mortgage Outlet, emphasized in his advice to industry newcomers. Another indispensable component to long-term success is a focus on the exact needs of one’s customers. “I try […]

  https://www.mortgagebrokernews.ca/people/phil-cragg-on-what-makes-a-mortgage-professional-a-top-contender-329580.aspx With an established track record of service to first-time homebuyers, owners seeking refinancing, and individuals with bruised credit alike, Phil Cragg of Mortgage Outlet has risen through the ranks to become one of the organization’s top Ottawa-based professionals. Cragg attributed his success to an appetite for excellence that stemmed from even before his […]

  https://financialpost.com/real-estate/mortgages/how-buy-house-credit-card With home prices still below their 2022 peak in many parts of Canada, some prospective buyers are looking for creative ways to get into the market — including using borrowed funds for their down payment. While credit cards, personal loans and unsecured lines of credit can be used in certain circumstances, borrowers must […]

https://financialpost.com/real-estate/first-time-homebuyers/home-buyers-plan-invitation-disaster-young-canadians   In his analysis of Canada’s Home Buyers’ Plan, Shawn Stillman, Co-founder of Mortgage Outlet, raises important questions about the program’s long-term impact on affordability and financial security. Stillman suggests that while the policy was designed to help first-time buyers enter the housing market, enabling withdrawals from RRSPs may have unintentionally increased demand without […]

https://financialpost.com/fp-finance/canadians-should-not-envy-50-year-mortgages-trump-pitching “I’ve been in the business for 16 years and done three 10-year mortgages,” said Shawn Stillman, a CPA and mortgage broker who co-founded the Mortgage Outlet. He pointed out most banks in Canada sell five-year bonds, and they sell bonds to match mortgage rates. “I don’t know if we have the same appetite in […]