You might be searching for a method for making your bills at the end of the month, or more, and you may have been thinking about how to become a mortgage broker in Canada. This may very well prove to be an excellent choice considering there are no requirements for a degree nor is there a need to become a financial wizard. Still, there will be certain aspects of the business you must master, but rest easy knowing there are many programs available that can jump start your progress and get you started in the very exciting mortgage broker business. Read on to find out more about the job and how you can become certified.
Daily Archives: August 12, 2010
The facts about the mortgage market in Canada reveal its nature and the roles played by mortgage brokers in the process. The biggest segment of the market is banks that have gone from not being involved to market making dominance in less than fifty years. Prior to 1954 they were not permitted to be lender of mortgages. By year end 2008, 62 percent of the outstanding CAD 906 billion worth of residential mortgages was held by them. By 2007, nearly seventy percent were of residential mortgages were theirs. The reason for this dramatic change was that in 1992 banks were allowed to own the major players in the market after the changes of the 1992 Bank Act.
The Facts About The Mortgage Market In Canada Are Simple
The Internet is a great thing especially when it comes to helping us find things that would otherwise take way more time and be a big hassle, and moving is one of those things that the Internet can help with by providing the benefits of apartment rental comparison websites.