Quote:
Originally Posted by chemgear
Last month, another broker channel lender blamed those federal changes for as much as a 15-per cent dip in business, possibly reflecting the loss of clients to the alternative lending market.
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What alternatives to the broker channel are there? Once you're past the chartered banks and lenders that work through brokers, what's left?
I guess the capital direct/Aaron Acceptance types, but wouldn't the vast majority of people be better off with a smaller mortgage at a lower rate than getting a bit more money and paying the vig??