Once considered niche, alternative lending has become a significant force in today’s mortgage market. According to the Canada Mortgage and Housing Corporation (CMHC), lenders outside of banks and...
There’s no shortage of myths about Mortgage Investment Corporations (MICs), but not all of them are accurate. As part of our MIC Buster series, we’re taking the most common myths about MICs and...
Rates matter—but structure, strategy, and foresight make a huge difference. As the market shifts, anyone can do the math and find a rate that’s both educated and attractive. As a mortgage broker, we...
No Doc? No Problem. At Magenta, we know there are many reasons why clients might look for an equity-based mortgage product. For some, unexpected challenges may have left a mark on their credit or a...
You’ve met with your client. You’ve done a thorough job of asking open-ended questions, probing for explanations, and understanding any unique challenges of their situation. You write up the deal,...
At Magenta, we know there are many reasons why clients might require equity-based mortgage products. For some, unexpected challenges such as the COVID-19 pandemic may have left a mark on their...
At Magenta, we know there are many reasons why clients choose to take out second mortgages. For some, second mortgages are valuable financial management strategies for dealing with debt efficiently...
As a new Mortgage Agent, there is a lot of information to take in, including processes and regulations. Learning how to conduct a thorough client interview and submit an application in good order is...
Are you doing all that you can to package your deal for success? Making your deal ‘lender-friendly’ is the easiest and quickest way to get approval. Here’s three tips for packaging your deals, and...