“With Over 400 Mortgage Products in Canada, Mortgage Brokers Possess Expertise You Can’t Afford to Ignore.”

It would be nice if banks gave their customers the best mortgage rate and product…unfortunately, your bank doesn’t have access to all the lenders and products on the market. Canadian banks are businesses. Like most businesses, they want you to buy their products. Therefore, they typically have a limited number of pre-packaged mortgages available to sell you. 

On the other hand, mortgage brokers don’t work for financial institutions, they work for the borrower – you.

“Savvy Consumers Use Mortgage Brokers to Save Money, Minimize Headaches and Conserve Time.”

If you were thinking about buying a car, but didn’t know what you wanted, you might spend hours researching types of vehicles, then shop around to decide on a manufacturer and spend days hopping from one dealer to another, looking for a price you’re comfortable with. But what if you had an expert to help you right from the outset? A professional who could educate you about the different vehicles, describe the dealer’s services and negotiate on your behalf – for Free! That is what a mortgage broker does.  

The job of the mortgage broker is to match your personal needs with the best suited mortgage product, as well as finding you the best rate. Mortgage brokers aren’t handcuffed by the need to sell the bank’s pre-packaged product, their greatest asset is the freedom to shop around. You get access to their expertise, their product list and their roster of lenders…virtually guaranteeing you a better rate and product to match you’re needs. And the best part is the cost…there isn’t one!

“Lenders will be Motivated to Offer Better Rates if they Know You’re Getting More than One Quote.”

Typically mortgage brokers do not lend money but rather put you in touch with lenders who do. Many of these lenders operate privately, you won’t be able to find them on your own and if you did, you wouldn’t get the same rate as a broker could.  

Lenders use the services of mortgage brokers to perform what is known as the ‘origination’ of the loan. The mortgage broker meets with you, the borrower, to pre-qualify you and determine the nature of your loan request, like buying a home. The mortgage broker then facilitates the lending process. It’s not just a service for you; it’s also a service for the lender. Imagine the leg work a private lender would have to do to find clients to lend to…without the mortgage broker private lenders would have to spend thousands just to generate business. Therefore, in most lender-broker relationships the lender gives the mortgage broker ‘wholesale’ pricing on the lending rate, allowing brokers to remain competitive with the banks and among their peers and guaranteeing repeat business for the lenders and better rates for you, the borrower.  

“Find Out What Your Options Really Are. Contact Us or Apply Now So We Can Begin the Process of Finding You the Best Mortgage Broker to Fulfill Your Needs.”