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

iBrokerPower Capital Inc. operating as Mortgage Centre, The

Licence #: 10538
Principal Broker: TSE, HENRY
Contact Information: 101 Duncan Mill Road, Suite 400 Toronto ON M3B1Z3
Telephone: 416-386-9911
Status: Licensed

iConnect Mortgages Inc. operating as Dominion Lending Centres iConnect Mortgages

Licence #: 12825
Principal Broker: HOLGATE, PETER
Contact Information: 1585 Markham Road, Unit 308 Toronto ON M1B2W1
Telephone: 416-291-4555
Status: Licensed

IMC Limited Partnership operating as Institutional Mortgage Capital

Licence #: 11975
Principal Broker: MONARDO, KAREN
Contact Information: TD Centre North, 77 King street west, P.O. Box 117, #4120 Toronto ON M5K1G8
Telephone: 416-814-3902
Status: Licensed

Imperial Mortgages Inc.

Licence #: 10782
Principal Broker: SUNTHARALINGAM, KRISHAN
Contact Information: 885 Progress Avenue, Suite UPH-9 Toronto ON M1H3G3
Telephone: 416-431-9975
Status: Licensed

Imprest Capital Corp.

Licence #: 11738
Principal Broker: BERTO, DAVID
Contact Information: 701 Evans Avenue, Suite 710 Toronto ON M9C1A3
Telephone: 416-622-0500
Status: Licensed

Independent Mortgage Advisors Inc.

Licence #: 12489
Principal Broker: MCSEVNEY, IAN
Contact Information: 250 University Avenue, Suite 200 Toronto ON M5H3E5
Telephone: 905-481-3674
Status: Licensed

Indigoblue Financial Group Inc. operating as Indigoblue Financial Group Your Mortgage Architects

Licence #: 12896
Principal Broker: RAMWANI, SANJAY
Contact Information: 1 Greenboro Drive, Suite 301 Toronto ON M9W1C8
Telephone: 416-400-3977
Status: Licensed

Integrated Mortgage Planners Inc.

Licence #: 12867
Principal Broker: LAROCK, DAVID
Contact Information: 1391 Bayview Avenue, Unit 1 (Second Floor) Toronto ON M4G3A6
Telephone: 416-304-0100
Status: Licensed

Integrity Mortgage Solutions Inc.

Licence #: 12963
Principal Broker: KASIM, ASIF
Contact Information: 67 Mowat Avenue, Suite 122 Toronto ON M6K3E3
Telephone: 416-561-1258
Status: Licensed

Intellimortgage Inc.

Licence #: 12326
Principal Broker: MCLISTER, MELANIE
Contact Information: 100 King Street West, Suite 5700 Toronto ON M5X1C7
Telephone: 800-280-2460
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.