Why Choose a LIcensed Mortgage Broker?

Why Choose a Broker

For many Canadians, the purchase of a home is likely the biggest financial investment decision they will make in their lifetime. To help realize the dream of homeownership, you'll want to work with a professional mortgage broker who will offer sound, professional advice and provide a mortgage solution that matches your needs and circumstances.

It is the job of a professional mortgage broker to stay ahead of the game, learning about the array of products available that best suit their clients’ needs. Generally, the broker is paid a referral fee by the lender, not by their client. Lending institutions will usually provide their best interest rates to the broker ensuring that, as the homebuyer, you don’t have to negotiate to get the best rate.

By assessing your needs, a broker will carefully weigh important decisions, such as lump sum payments and fixed versus variable rates, before they are made. A broker will also guide you through the process of completing and submitting mortgage applications and supporting documentation required by the lender. If the terminology seems a little confusing, your broker is there to explain important information and conditions set out by the lender as well as any steps required to close the mortgage transaction.

A few things to note about mortgage brokers:

Mortgage brokers are professionals and many are licensed by the province within which they work. They must maintain a high level of professionalism and keep up with all of the offerings and developments within the industry.
Mortgage brokers should have an established place of business. They have chosen mortgage brokerage as their career and demonstrate their long-term commitment to the industry. In this regard, they are no different than insurance brokers.
In order to best meet a consumer’s needs, mortgage brokers have a wide array of products from which to choose – mortgage banks, private sources, independent lenders, etc. And, a lender will deal with a broker only after a thorough selection process, checking references, interviewing and obtaining a copy of their broker licence.
In addition to the above points, and for obvious reasons, be sure that you have a good interpersonal rapport with the broker you choose. It’s all about trust, credibility and ultimately the relationship.

In short, consumers choose a mortgage broker for four reasons: choice, advice, service and savings. By considering these factors, you’ll be able to make an informed decision, comfortably.

Source: http://mbsweblist.fsco.gov.on.ca/

Here is a list of Licensed Mortgage Brokers in Ontario as of February 15th, 2018

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

H & N Fortune Enterprises Inc. operating as Easy Mortgage Centre

Licence #: 12673
Principal Broker: LAM, HILTON
Contact Information: 53 Malamute Crescent, t Toronto ON M1T2C9
Telephone: 416-704-3038
Status: Licensed

Harbour Mortgage Corp.

Licence #: 10290
Principal Broker: WINER, ALAN
Contact Information: 500-36 Toronto St Toronto ON M5C2C5
Telephone: 416-361-3315
Status: Licensed

Harold The Mortgage Closer Inc.

Licence #: 12580
Principal Broker: GERSTEL, HAROLD
Contact Information: 3016 Bathurst Street Toronto ON M6B3B6
Telephone: 416-780-9693
Status: Licensed

Harvey Kalles Real Estate Limited

Licence #: 11464
Principal Broker: KALLES, HARVEY
Contact Information: 2145 Avenue Road Toronto ON M5M4B2
Telephone: 416-441-2888
Status: Licensed

Hensey Financial Inc.

Licence #: 12658
Principal Broker: KHAN, AHMED
Contact Information: 255 Duncan Mill Road, Unit 301 Toronto ON M3B3H9
Telephone: 905-597-4363
Status: Licensed

Hero Mortgage Services Inc. operating as Hero Capital

Licence #: 10868
Principal Broker: KAR, RAYMOND
Contact Information: 32 Vince Avenue Toronto ON M4L0A6
Telephone: 416-738-8257
Status: Licensed

Hi-Rise Capital Ltd.

Licence #: 10897
Principal Broker: AL-AWQATI, NOOR
Contact Information: 200 Adelaide Street West, Suite 400 Toronto ON M5H1W7
Telephone: 416-865-3398
Status: Licensed

Hillmount Capital Inc.

Licence #: 10453
Principal Broker: LEVINSON, ITZHAK
Contact Information: 89 Tycos Drive, Suite 208 Toronto ON M6B1W3
Telephone: 416-849-0322
Status: Licensed

HOA Mortgage Services Inc. operating as Home Ownership Alternatives

Licence #: 12009
Principal Broker: BANFIELD, GREGORY
Contact Information: 468 Queen Street East Toronto ON M5A1T7
Telephone: 416-214-5766
Status: Licensed

Home Equity Access Corp. operating as Dominion Lending Centres Commercial Bancorp

Licence #: 10851
Principal Broker: BRISTOLL, CHARLES
Contact Information: 1920 Yonge Street, 2nd Floor Toronto ON M4S3E2
Telephone: 416-951-2274
Status: Licensed

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Canada’s mortgage website

Your home is your most valuable asset. It is probably the single largest investment you will make in your lifetime. Your home is more than a place to rest your head and raise a family. Your home contains equity. It is a treasured resource and in some cases, can even be used as an ATM (aka cash back mortgages and HELOCs – don’t worry we’ll get there).

We All Need a Mortgage

Everyone who is looking to purchase a home will need a mortgage. But, what is a mortgage exactly and why do you need it? Besides being the term to describe a loan secured by real estate, a mortgage allows you to access funding to procure your dream home.