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

S.O.R.A. Real Estate & Insurance Ltd. operating as MIC Financial

Licence #: 11891
Principal Broker: MAMMONE, EMILIO
Contact Information: 800 Arrow Road Toronto ON M9M2Z8
Telephone: 416-744-2222
Status: Licensed

San Mortgages Inc,.

Licence #: 12916
Principal Broker: BELOMARKOVIC, RADA
Contact Information: 170 Humbercrest Blvd. Toronto ON M6S4L3
Telephone: 416-997-0023
Status: Licensed

Sarbadhikari Financial Inc.

Licence #: 12053
Principal Broker: SARBADHIKARI, PRODYPTO
Contact Information: 80 South Kingsway Toronto ON M6S3T3
Telephone: 416-840-8842
Status: Licensed

SaveCapital Financial Inc.

Licence #: 11120
Principal Broker: JACOB, PETER
Contact Information: 45 Sheppard Ave. East, Suite #900 Toronto ON M2N5N9
Telephone: 416-540-9232
Status: Licensed

Seabourne Real Estate Services Limited

Licence #: 10993
Principal Broker: GIBSON, JOHN
Contact Information: 95 King St. East, Suite 200 Toronto ON M5C1G4
Telephone: 416-840-0272
Status: Surrendered
Effective Date: April 14, 2022

Secutor Bancorp Inc.

Licence #: 11037
Principal Broker: ROEBUCK, GRANT
Contact Information: 1167 Caledonia Road Toronto ON M6A2X1
Telephone: 416-545-1010
Status: Licensed

Sequoia Financial Services Ltd.

Licence #: 11397
Principal Broker: ZSOLT, ANDREW
Contact Information: 211 Consumers Road, Suite 306 Toronto ON M2J4G8
Telephone: 416-790-4120
Status: Licensed

Sherlock Mortgages Inc. operating as Dominion Lending Centres Sherlock Mortgages

Licence #: 12976
Principal Broker: PEQUEGNAT, PIERRE
Contact Information: 1 Yonge Street, Unit 1801 Toronto ON M5E1W7
Telephone: 647-995-4943
Status: Licensed

Sherwood Mortgage Group Inc. operating as Sherwood Mortgage Group - Mortgage Architects

Licence #: 12176
Principal Broker: CONTENTO, ANTHONY
Contact Information: 529 Wilson Avenue Toronto ON M3H1V1
Telephone: 416-241-6000
Status: Licensed

Skyview Realty Ltd.

Licence #: 11231
Principal Broker: IANNUZZIELLO, DOMENIC
Contact Information: 220 Duncan Mill Rd, Unit 419 Toronto ON M3B3J5
Telephone: 416-444-6545
Status: Surrendered
Effective Date: April 27, 2022

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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.