Due to mortgage refinance there is a rush in the lending sector; building up a rather unanticipated surge in business all through these difficult financial downturn especially so for lending business. Mortgage rates have dropped to below 5% due to various steps taken by the Canadian government to encourage consumer financing once again. The impressive fall in mortgage rates has had a direct control over mortgage finance and a few lenders were left ill equipped.

These steps were announced in the first quarter of this fiscal year. This has stimulated a wave of activities for the mortgage finance companies, besides increasing the workload lenders are at present experiencing subsequent to the government

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