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citycapital

111 Posts

Posted - 05/18/2008 :  12:00:42 PM
My friend lives in Toronto,,he says the market is still good ,,,he doesnt know mortgage ,,,does anybody know how mortgages are originated there?brokers,banks,mortgage branches etc ..licenses ,,any feed back.

Thank you
khoiey

1709 Posts

Posted - 05/18/2008 :  1:11:20 PM
Are you going to live in Canada to do mortgages? lol. It's the same setup but I'm sure it's tough to earn business in Canada while you live in US.

quote:
Originally posted by citycapital

My friend lives in Toronto,,he says the market is still good ,,,he doesnt know mortgage ,,,does anybody know how mortgages are originated there?brokers,banks,mortgage branches etc ..licenses ,,any feed back.

Thank you

citycapital

111 Posts

Posted - 05/18/2008 :  1:28:10 PM
Friend ofered me a job ,,,maybe on the side i would if there is money to be made but the lenders guide lines,fees etc..these things i was trying to find out.

quote:
Originally posted by khoiey

Are you going to live in Canada to do mortgages? lol. It's the same setup but I'm sure it's tough to earn business in Canada while you live in US.

quote:
Originally posted by citycapital

My friend lives in Toronto,,he says the market is still good ,,,he doesnt know mortgage ,,,does anybody know how mortgages are originated there?brokers,banks,mortgage branches etc ..licenses ,,any feed back.

Thank you



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mortgagemessiah

8003 Posts

Posted - 05/18/2008 :  5:37:27 PM
Well, you need to get approved by Immigration Canada and licensing is tougher. It's also done on both the federal and provincial level.

The reason the Canadian economy is strong is because of the strength of the Canadian Dollar and the fact that the Canadian Federal Government has their debt under control.
loancloser1342

496 Posts

Posted - 05/18/2008 :  11:55:41 PM
3% of mortgages in Canada are originated by brokers.
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