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BoC touts long-term mortgages to open MBS market

      Is a long-term mortgage really the best thing for consumers? Elan Weintraub doesn’t think so. “Historically, seven- and 10-year terms have higher interest rates, and for many people their income goes up over time, so it’s better … Continued

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Toronto real estate ripe for laundering money

In the broker channel, Shawn Stillman, says there are more measures in place to parry suspicious activity, but, like Smith, he noted A lenders are more susceptible fraudulent activity. “Most of our lenders don’t allow us to do mortgages through … Continued

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Mortgage Outlet makes CMP’s Top Independent Brokerages 2019

We are thrilled to announce that Mortgage Outlet has once again made CMP’s list of Top Independent Brokerages for 2019! See below for interview, featuring our very own principal broker and co-founder, Shawn Stillman and Elan Weintraub!

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Top 10 Mortgage Mistakes

So you need a mortgage.  The bad news is that mortgages have become more complex than ever!  So here are our Top 10 Mortgage Mistakes made by Canadians:   10 – Believing that FIXED rates are “safer” and VARIABLE rates … Continued

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TREB joins chorus demanding B-20 repeal

“The most important thing to consider with the stress test is the intentions are pure—and that’s to protect the financial system and the housing market,” said Elan Weintraub, director of Mortgage Outlet. “The problem comes in the disjointed way in … Continued

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Where are Canadian mortgage rates headed in 2019? Experts weigh in

  The Bank of Canada was widely expected to continue on its path of tightening monetary policy with continued increases to the overnight rate, which influences mortgages, particularly those with variable rates. While that may still be a majority consensus … Continued

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Fixed Versus Variable – THE Mortgage Question

            I’ve been meaning to write this blog post for many, many months – and I’m thrilled that I’m finally sitting down to do it.   The good news is there is a simple answer … Continued

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What to expect in 2019

Stillman expects fixed rates to be up to 0.5% higher in 2019 because of the variable rate spike and, specifically, how much more expensive it is for lenders to fund mortgages in light of repeated government intervention in the market. … Continued

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November & December Rate Outlook

Many clients ask whether they should go with a fixed or variable rate and most times there is a clear winner; with the news today from the Bank of Canada that they are holding the overnight rate at 1.75% (and … Continued

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Unique partnership expedites turnaround times

Ultimately, forging indomitable relationships with up-and-coming as well as established brokers is XMC’s objective. One of the latter is Shawn Stillman, Mortgage Outlet’s principal broker, for whom XMC approved a deal four hours after submission last week. The deal will … Continued

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A quiet rule change will make it tougher for Canadians with a HELOC to get a second mortgage

    Lenders often try to approve borrowers for the maximum amount, says broker Shawn Stillman, of Mortgage Outlet. “Banks have been pushing HELOCs for years,” he says. (To be fair, a lot of brokers push HELOCs, too.) “It’s very … Continued

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October Rate Outlook

Many clients ask whether they should go with a fixed or variable rate and most times there is a clear winner; however, right now it’s a bit of toss-up as it really depends on one’s risk tolerance and need to … Continued

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September Rate Outlook (on October 1)

I never thought I would hear the words “I think Justin’s a good person who’s doing a good job,” out of Donald Trump’s mouth, but there it is, and at the last minute NAFTA was settled with a stupid new … Continued

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Community Trust gives back to broker channel

    “We work with a lot of people through the phone, through email, and we don’t always see them,” said the broker and Mortgage Outlet director. “Today, we get to see them and connect with them, have a little … Continued

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Toronto has rebounded

    “The condo market is still on fire—it never slowed down,” said Mortgage Outlet’s Principal Broker Shawn Stillman. “Even month-over-month, the price per square foot is hitting new highs, and they’ve always been strong. Where the weakness is, however, … Continued

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