Do more brokers have their mortgages with a bank or a monoline?
The latest issue of CMP has been written, published and mailed out and it features, well, it features one of our most creative features ever: The Broker Lifestyle Survey.
And it reveals some seriously juicy details about your broker peers. Such as -- and you may want to take a seat before you read this -- the fact that the majority of brokers have their mortgage with a bank instead of a monoline. One such broker explains why he chose that route.
“At the time, I wasn’t a broker; I had everything tied up with TD and I got the best rate from them,” Michael Zagol of MMZ Financial told CMP Magazine. “My friend, who was a mortgage broker started it up for me and when I shopped around for different rates from Home Trust and other providers, they wanted a quarter per cent higher because my wife is self-employed.”
A legitimate reason, you may say, but what about the other 57 per cent of brokers who admit to doing the same.
We uncovered a plethora of additional admissions from industry players and they’re jammed into our 18-page feature. So check your mailbox and take a gander. Consider it an early Christmas present from us at CMP to you.
To view the online edition click here.
