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/first-time-homebuyers/home-buyers-plan-invitation-disaster-young-canadians Here is a more measured and professional version: 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 […]

https://financialpost.com/real-estate/mortgages/amid-mortgage-renewals-borrowers-leverage-2026 COO of Mortgage Outlet, Leah Zlatkin says many homeowners who secured mortgages during the pandemic — often at rates between 1% and 2% — are now approaching renewal over the next six to seven months, and will inevitably face higher borrowing costs. She stressed that borrowers should not treat renewal offers as automatic, noting […]

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 […]

  https://financialpost.com/pmn/business-pmn/some-canadian-banks-freeze-new-financing-for-commercial-properties-on-covid-19-concerns Some owners who are unable to sell their properties are refinancing with alternative lenders at higher rates, adding to pressure on the struggling small to medium business sector. Mortgage Outlet broker Shawn Stillman said two clients who had letters of intent signed to refinance with Bank of Montreal were told the bank was […]

  https://www.canadianmortgagetrends.com/2020/03/mortgage-rates-rising/ “I think if you’re a bank, you’re scared of losses right now,” Shawn Stillman, founder of mortgageoutlet.ca, told CMT. “The banks are in this to make money, and if they don’t think that they’re going to be able to make money because all of a sudden their default rate is going to go […]

https://www.wealthprofessional.ca/news/industry-news/bank-of-canada-drops-rates-again-can-it-spark-a-housing-revival/386530 Leah Zlatkin of Mortgage Outlet is skeptical about significant market movement, highlighting that rates are still high, and many buyers may wait for further cuts. “We’ve seen a 50-basis point drop since June, but rates are still comparatively high and many potential buyers are waiting for further rate decreases to increase their buying power […]

  https://www.wealthprofessional.ca/news/industry-news/doors-open-for-stronger-reverse-mortgage-use-in-canada/324942 The costs of taking on a reverse mortgage may also be unclear to seniors. “When they think of their cash flow, they’re not going to get kicked out of their house, but in reality, it really has the ability to erode the asset of the borrower,” Shawn Stillman, a broker at Toronto-based Mortgage […]

https://www.bnnbloomberg.ca/don-t-pay-til-you-die-reverse-mortgages-are-booming-in-canada-1.1316615 Canada’s big five banks have so far shied away from the product. Only two lenders offer them in Canada. HomeEquity Bank, whose reverse mortgage has been on the market for 30 years, dominates the space with $3.11 billion on its books. Equitable Bank, a relatively new player, has $10.1 million. Shares in parent Equitable […]