The Difference Types of Mortgage Lenders

<p>This week’s episode gives an outline and history of the different lending options in the Canadian mortgage marketplace. If you’ve seen a mortgage broker, you’ll know of these mortgage finance companies like First National and MCAP, but the majority of people still only think of the big banks as the optimal lending options. Have a listen to this week’s episode to learn more about the backgrounds of these mortgage finance companies and how they came into fruition.</p> <p>Pay special attention at around the 25-minute mark where we explore the concept of open banking. Many countries around the world have been able to leverage the idea with innovative fintech solutions, but not Canada. The big banks have so much lobbying power with the federal government and they stand to lose a lot of the control they have over the Canadian consumer if their data were to be shared and used in innovative products. Hopefully Canada doesn’t reach this point embarrassingly late.</p> <p> </p> <p>If you're looking for a stable investment, take a look at the <a href='https://cannect.ca/mortgage-investment-corporation/'>Cannect Mortgage Fund</a>.</p> <p> Subscribe for more!</p> <p>PODCAST: =============================== <a href='https://podcasts.apple.com/us/podcast/make-money-count/id1579718660'>Apple</a> - <a href='https://open.spotify.com/show/60gGyKOiiN7fnKFknyFREJ'>Spotify</a> - <a href='https://www.iheart.com/podcast/269-make-money-count-85477969/'>iHeart Radio</a> - <a href='https://makemoneycount.podbean.com/'>Podbean</a></p> <p>SOCIAL: =============================== ♪ - <a href='https://www.tiktok.com/@cannect.ca'>TikTok</a> - <a href='https://www.facebook.com/cannecthomefinancing'>FACEBOOK</a> - <a href='https://twitter.com/CannectLoans'>TWITTER</a> - <a href='https://www.instagram.com/cannect.ca/'>Instagram</a> - <a href='https://www.linkedin.com/company/cannect-home-financing'>LinkedIn</a></p> <p> </p> <p> </p> <p> </p> <p>0:00 - Intro 2:02 - Marcus outlines the different types of lenders in the Canadian mortgage market,