Stress test leading to alternative lending

A new report by CIBC suggests the mortgage stress test is leading more people to look to the alternative lending market to get financing for their homes. The report confirms what some in the industry, including North East Mortgages president Terry Kilakos, have been reporting for months, most recently in an interview with Montreal’s Global…

Who pays your mortgage broker? Not you!

If you’re looking to get a mortgage and considering a mortgage broker, there’s a good chance you’re wondering about how much the service costs. Good news! Clients looking to get a standard residential mortgage pay no fees to the broker, North East Mortgages President Terry Kilakos explained. “On standard residential mortgages, it’s 100% free for…