Everyone loves the classic 2x3 Lego brick. It connects with everything; it’s well-balanced for building, and it comes in any colour you like. But there’s a reason why there are almost 4,000 unique...
5 Types of Borrower Profiles
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Top 5 Reasons Why Alternative Lending is on the Rise
Once considered niche, alternative lending has become a significant force in today’s mortgage market. According to the Canada Mortgage and Housing Corporation (CMHC), lenders outside of banks and...
MIC Buster: Separating 5 Facts From Fiction
There’s no shortage of myths about Mortgage Investment Corporations (MICs), but not all of them are accurate. As part of our MIC Buster series, we’re taking the most common myths about MICs and...
3 Mortgage Broker Tips That Work Together With Rates
Rates matter—but structure, strategy, and foresight make a huge difference. As the market shifts, anyone can do the math and find a rate that’s both educated and attractive. As a mortgage broker, we...
Building Blocks for Endless Tomorrows
Kids see endless possibilities when they open a chest of building blocks. They can create towers, bridges, or entire worlds. At Magenta, we think the same way. We don’t follow one mold or one...
Wishing You a Happy Everything This Holiday Season
However You Holiday For all our myriad differences, if there’s one thing humanity can agree on, it’s that we dislike the cold, and being cold in the dark is even worse. That’s why across the...
Putting the RESP in Responsibility
The leaves are changing colour, the mornings are just a little chillier, and the Staples parking lot is full: fall is in session. And while it comes with the blessing of a little more peace and...
No Doc Mortgages: Finding Flexible Solutions for Alternative Borrowers
No Doc? No Problem. At Magenta, we know there are many reasons why clients might look for an equity-based mortgage product. For some, unexpected challenges may have left a mark on their credit or a...
3 Underwriter’s Tips for Getting That Deal Done Faster
You’ve met with your client. You’ve done a thorough job of asking open-ended questions, probing for explanations, and understanding any unique challenges of their situation. You write up the deal,...