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Tag Archive: mortgage brokers act


Allow Fee-Only Mortgage Brokers in B.C.: Opinion

Sometimes well-intended rules and regulations cost consumers money. Here’s a perfect example… British Columbia currently has a prohibition on charging fees for mortgage advice unlessthose fees are deducted from the mortgage amount at closing. The rule was designed to prevent brokers from taking money from unsuspecting consumers and then not providing the financing requested. It’s a rule that’s served a...

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