Mortgage Fraud in Canada: What It Is and How to Avoid It Mortgage fraud – deliberately providing false or misleading information in a mortgage application – is a growing concern in Canada. It occurs when borrowers (or industry insiders) misrepresent facts like income, debts, or identity to get approved for a loan or for better terms they wouldn't qualify for honestly. In today's hot housing market, the pressure to qualify for large mortgages is high. Unfortunately, this has led to a rise in fraudulent applications: Equifax reports mortgage fraud is 30% higher than pre-pandemic levels. (While one report noted a dip…

The ongoing trade tensions between the United States and Canada have created significant challenges for businesses across various sectors. However, these disruptions also present unique opportunities for entrepreneurs and companies in Vancouver, BC, to diversify supply chains, explore new markets, and establish strategic partnerships. By leveraging Vancouver’s position as a trade hub and collaborating with Mexico, businesses can mitigate risks and capitalize on emerging trends. At Kraft Mortgages Canada Inc., we understand that economic shifts like these can influence business decisions, including financing, investments, and expansion plans. This blog explores the trade war’s impact, Vancouver’s economic landscape, Mexico’s role as a…

**The Impact of Agentic AI on the Mortgage Industry: A Game Changer in Financial Services**   The mortgage industry is undergoing a transformation driven by artificial intelligence (AI), and one of the most significant developments is the rise of **agentic AI**. Unlike traditional AI models that follow predefined instructions, agentic AI operates autonomously, making decisions, adapting to new situations, and optimizing complex processes without constant human intervention. This advancement is set to revolutionize the mortgage landscape, enhancing efficiency, reducing costs, and improving customer experiences.   ### **What is Agentic AI?** Agentic AI refers to artificial intelligence systems that act independently, analyze vast datasets, and make…

For BC homeowners, navigating the complexities of mortgage renewals can be a daunting task. In this comprehensive guide, we delve into the critical considerations you need to be aware of, from fluctuating interest rates to varying mortgage terms and conditions. By understanding these elements, you can make informed decisions that align with your financial goals. Trust the expertise of Kraft Mortgages Canada Inc. to provide you with the insights needed to successfully manage your mortgage renewal process.