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 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…

Purchasing the spacious new home that you’ve always dreamed of is more likely than you imagined if you manage to secure the right mortgage. However, when it comes to mortgages, there are many questions clients have but often find it tricky to get all the answers they seek.

Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:   Nicole Gibillini 

Original Article Posted on:  June 1, 2021 

Link to Original Article:  https://globalnews.ca/news/7908024/new-mortgage-stress-test-rules-june-1-explainer/

Our email newsletter is a one-stop resource for relevant news and content about Kraft Mortgages, mortgage brokers in Surrey, BC.

With everything you care about in one place, it’s easy to stay in the know about all things related to the mortgage industry.

Planning to purchase a home affects many facets of your life, most importantly your finances. And a house being a significant investment, finding the right mortgage can meet the necessary cost of your purchase. However, getting a mortgage isn’t that easy to come by as there are criteria to meet to get mortgage approval. Moreover, misunderstandings and errors can result in a mortgage application rejection.

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Stephen Punwasi

Original Article Posted on:  APRIL 5, 2021

Link to Original Article:  https://betterdwelling.com/how-quantitative-ease-inflates-real-estate-prices-and-why-it-doesnt-work-forever/

Every industry has its own language and terms. These words and phrases can be confusing to anyone who is not part of a specific industry’s daily operations, and the mortgage business is no exception.

Original Article Source Credits:   BNN Bloomberg , https://www.bnnbloomberg.ca/

Article Written By:  Jacqueline Davalos, Bloomberg News

Original Article Posted on:  Feb 1, 2021

Link to Original Article:  https://www.bnnbloomberg.ca/millennials-are-changing-the-luxury-real-estate-market-1.1557084

Original Article Source Credits:   Huffingtonpost , https://www.huffingtonpost.ca/

Article Written By:  Ratehub.ca

Original Article Posted on:  01/21/2021

Link to Original Article:  https://www.huffingtonpost.ca/entry/mortgage-approval-tips-canada_ca_60099f45c5b62c0057c43681

When shopping for mortgages, it is beneficial to determine whether it will contribute to your financial needs. As purchasing a property is an expensive affair, you will want a mortgage that is realigned to your financial goals. However, several false facts about mortgages from those who have already been in your shoes often get passed along. Believing in these circulating myths could lead to you missing out on some of the best mortgage products and lenders in the market. Therefore, it’s best to consult a reliable mortgage agent who can clarify specifically on every mortgage misconception and help you move forward in buying your home. To help you separate facts from fiction, Kraft Mortgages has dispelled three of the most widely believed myths about mortgages.

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  February 2, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/02/could-mortgage-rates-start-to-rise-sooner-than-expected/

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  NA

Original Article Posted on:  DECEMBER 29, 2020

Link to Original Article:  https://betterdwelling.com/cibc-risk-model-shows-canadian-real-estate-price-growth-slowing-next-year/

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  NA

Original Article Posted on:  DECEMBER 31, 2020

Link to Original Article:  https://betterdwelling.com/real-estate-sales-soar-in-every-city-as-bank-of-canada-juices-the-market/

Original Article Source Credits:   GreedyRates , https://www.greedyrates.ca/

Article Written By:  GreedyRates

Original Article Posted on:   January 11, 2021

Link to Original Article:  https://www.greedyrates.ca/blog/5-ways-improve-credit-score/

Original Article Source Credits:   HuffingtonPost , https://www.huffingtonpost.ca/

Article Written By:  Daniel Tencer

Original Article Posted on:  01/02/2021

Link to Original Article:  https://www.huffingtonpost.ca/entry/housing-forecast-canada-2021_ca_5fec942cc5b64e4421082979

Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  LaToya Irby

Original Article Posted on:   December 06, 2020

Link to Original Article:  https://www.thebalance.com/how-to-rebuild-bad-credit-960374

  

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  December 11, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/12/how-canadas-mortgage-lenders-adapted-to-the-new-normal/

Purchasing a spacious home can signal the start of a brand new life for a couple and their young family. However, in the eagerness to move into a beautiful house, the mortgage paperwork can be overlooked, which can have a detrimental effect on the outcome. 

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2020-09-17

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/renew-mortgage.html