Key Findings from the Canadian Mortgage and Housing Corporation 2012 Mortgage Consumer survey
Consumers are looking more to the Internet for mortgage information and use
of social media is also growing
Recent buyers continue to rely heavily on mortgage professionals and others
for advice and information on a range of mortgage related topics
terms of share and loyalty
mortgage sooner
improvement
consumers and have some unique needs
Recent buyers are exploring their mortgage options and are
actively engaged in the mortgage process
Mortgage brokers and lenders both continue to do well in
Post transaction follow-up continues to be an important factor
driving client satisfaction and potential future business
Recent buyers report taking actions to pay down their
While there are positive indicators regarding the
financial literacy of recent buyers, there is room for
First-time buyers differ from other mortgage
To read the entire survey, please visit www.cmhc.ca/2012survey
Private Mortgages - Are They Good Investments To Make Me Money?
With interest on bank saving accounts yielding little return many folks hear others talking about how they are getting high returns from investing their money in private mortgages. You look at your saving accounts and returns and begin to wonder - is this something I should look at? You wonder why would a person not go to a bank for their mortgage? Sometimes good people who have worked to keep their credit in good standing run into problems: - a person loses their job and needs the mortgage while they are between jobs - a person has a recent bankruptcy, consumer propsal or collections and regular lenders will not look at them for at least 2 years - a mortgage is up for renewal and they do not qualify for another one because the debt level is too high compare to the total income - perhaps a divorce or separation has occured - a person was forced to find another job bu...
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