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“Rental income is an acceptable source of stable income if it can be established that the income is likely to continue,”.

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What we used to understand as the role of an old-style bank manager has been subverted. The banks’ own staff, as well as third-party mortgage brokers, are being paid incentives and bonuses, often.

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When Kenneth Hayne’s final report was released, the Government pledged to ban trailing commissions from July 2020 Trailing commissions are paid to brokers for the duration of a loan, as opposed to.

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An unregistered Vancouver mortgage broker may have arranged over half a billion dollars in loans, many of which could be based on falsified income records, according to a cease and desist order issued.

I recall walking into his stuffy office overlooking Park Avenue, adorned with literally hundreds of. Our banks have.

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It’s a bit like someone defaulting on a mortgage — the house is repossessed and they need to find someone else to live in it.