Mortgage Broker Associations benefit everyone
In Canada, mortgage broker associations are relatively new on the real estate and mortgage scene. And, though Canadian mortgage and real estate industries are generally regulated provincially, the mortgage broker profession is steadily maturing towards a level of national integration and association. This can only be a good thing for borrowers, lenders, and brokers.
CIMBL—soon to be dubbed CAAMP—is Canada’s trusted organization of authorized mortgage professionals, and has implemented rigorous measures to ensure that mortgage brokers, or AMPs, have the requisite training and certification this burgeoning industry needs to found a nationally consistent and internally responsible profession.
Still crucial at the provincial level, mortgage broker associations such as AMBA, IMBA, MBABC operate in step with national initiatives while ensuring that, in their respective provinces, mortgage brokers adhere to provincial regulations on licensing and training. For more information on mortgage broker associations in Canada, check the provincial mortgage broker sites for details in your area.
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Canada's central bank has decided to maintain the key interest rate. The rate remains at 4.25%.Source: http://
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