May 2, 2018

Mortgage Outlet – In the News

Posted By: MortgageOutlet.ca

Mortgage Outlet featured in the news:

 

Why More Millennials Live At Home – And It’s Not Because They’re Lazy – Toronto Storeys

Mortgage broker Elan Weintraub didn’t move out of his parents’ North York apartment after he graduated from the Schulich School of Business. Nor did he leave the nest once he’d settled into his previous career in corporate marketing. Click to continue.

 

 

 

 

 

 

 

A 23-year-old with an $80K job and no debt couldn’t get a mortgage – this is why – Global News


At 23, Robin Bourbeau had a $80,000-a-year job, no debts and enough money for a 20 per cent down payment on a $400,000 home. His mortgage broker, Phil Cragg, sent him house shopping with a blessing.
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Meet the alternative mortgage lender who’s a last resort for desperate homebuyers bigger banks won’t touch – Financial Post

…considered a lender of last resort for a home buyer given the punitive fees that mortgage investment corporations can levy, sometimes around 20 per cent all-in, including other professional fees, said Shawn Stillman, a broker at Mortgage Outlet. Nevertheless, he’s seeing greater demand for mortgage investment corporations from his clients that have been shut out of the housing market due to the new regulation, he said. Click to continue.