Why a Broker
Our services come at no cost to you since mortgage brokers are paid by the bank. We also represent you, the customer, not the lender. We are not limited in the product we can offer you since we are not employees of a lending institution. We can seek out the best lender package to suit your specific situation, whether it’s with a Chartered Bank, Trust or Insurance Company, or Private Funds. With access to over 50 of Canada’s top lending institutions, we can place all types of mortgages including purchases, refinances, equity takeouts, debt consolidations, renewals and mortgages for self-employed.
How do Mortgage Brokers Find Superior Rates?
Interest rates are a concern to borrowers. Because of their daily contact with lenders, brokers know which project or home attracts a favorable interest rate from one institution, but a higher rate at another. Some institutions, in fact, will only accept mortgage submissions from mortgage brokers.
These rates, and preferences for types of mortgages can change daily, depending on economic circumstances or based on the size of an institution’s portfolio in a particular type of mortgage. Mortgage brokers keep current and know which lender to approach first. As a result, mortgage rates obtained by brokers are among the best available at the time of placement.