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Mortgage brokers turning traditional lending model on its head

Number of Canadians consulting with brokers jumps 20 per cent 

Homebuyers’ confidence in mortgage brokers continues to grow.  More than 31 per cent of Canadians sought the advice of a mortgage broker in 2006, according to a recent survey by the Canadian Institute of Mortgage Brokers and Lenders (CIMBL).  This figure shows a definite upward trend compared to last year’s 25 per cent.  Looking back further, in 1999, only 14 per cent of all purchasers used a mortgage broker, according to the Canadian Mortgage and Housing Corporation (CMHC).

“The traditional lending model is being turned on its head.  Today’s homebuyers are increasingly embracing mortgage brokers,” says Invis president and CEO Andrew Moor.  “Mortgage brokers can offer valuable advice throughout the financing process as well as provide access to mortgage options and services many homebuyers don’t even know exist, choices that open the door for more people to become home owners.”

“We know that mortgage brokers add value to homebuyers.  From expert borrowing advice to doing the legwork free of charge to extremely competitive mortgage rates, we deliver a personalized product that suits our client’s needs,” says Moor.  “We do the work and our clients reap the benefits.” 

For expert advice on your best mortgage, contact an Invis Mortgage Consultant today. 

Posted on Monday, November 27, 2006 at 11:47AM by Registered CommenterJoanna in | CommentsPost a Comment

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