How a mortgage broker can help you
A broker is there to help you find the best rate, terms and conditions for your mortgage. And even better, they get paid by the lender, not by you. So, they do the work of finding you the best mortgage for you, and it’s free.
Who wants to spend their time comparing rates and sorting through the vast sea of seemingly-identical products? Knowing the ins and outs of the industry, brokers will take stock of your situation and offer you a wide variety of home loans from several different companies.
A broker can also help ensure that you're filing all the necessary paperwork properly, as well as translating industry jargon into something that's easily understood by anyone.
When searching for a broker, it’s always a good idea to start with a recommendation. Friends and family are usually happy to refer you to the brokers that they used to secure their mortgage, or if you already know a real estate agent, they’re usually able to set you up with a broker before you start looking for property. If you’re starting your search from scratch, however, not to worry. You can use our easy to navigate database to find a broker near you, or fill out this simple form and have one contact you directly.
One last note: Mortgage brokers are required to be licensed in the province(s) in which they’re securing mortgages for their clients. This licensing comes after a series of courses and exams that ensure the broker has the appropriate education necessary. You want to choose a broker who is licensed where you are buying your property.