Sponsored by Northwood Mortgage Ltd. License #10349

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

Wadsworth Mortgage Capital Corporation

Licence #: 12281
Principal Broker: AIELLO, PAUL
Contact Information: 25 King Street West, Suite 1445 Toronto ON M5L3G1
Telephone: 416-363-0707
Status: Licensed

Wakefield Capital Corporation

Licence #: 10152
Principal Broker: FREEMAN, HOWARD
Contact Information: 26 Imperial Street Toronto ON M5P1C2
Telephone: 416-488-5590
Status: Licensed

WCL Capital Group Inc. operating as Privatelend.com

Licence #: 12556
Principal Broker: AHMADPOUR, NIMA
Contact Information: Bay Adelaide Centre - East Tower, 22 Adelaide Street West, Suite 2010 Toronto ON M5H4E3
Telephone: 416-900-3307
Status: Licensed

Welbanks Mortgage Group Inc. operating as Welbanks Mortgage Group

Licence #: 12232
Contact Information: 1834a Queen Street East Toronto ON M4L1G9
Telephone: 416-698-9900
Status: Licensed

Wells Fargo Capital Finance Corporation (Canada) operating as Wells Fargo Capital Finance

Licence #: 12108
Contact Information: 40 King Street West, Suite 2500 Toronto ON M5H3Y2
Telephone: 416-775-2908
Status: Licensed

Wells Fargo Financial Corporation Canada

Licence #: 10239
Principal Broker: SCARFO, NICODEMO
Contact Information: 40 King Street West, 32nd Floor, Suite 3200 Toronto ON M5H3Y2
Telephone: 416-607-2900
Status: Licensed

Westmount Capital Corporation

Licence #: 11716
Principal Broker: ALTOBELLI, LEANDRO
Contact Information: 123 Claireville Drive Toronto ON M9W6K9
Telephone: 905-896-8260
Status: Licensed

Whitegold Mortgage Inc.

Licence #: 10286
Principal Broker: BROMBERG, HOWARD
Contact Information: 1110 Finch Avenue West, Suite 905 Toronto ON M3J2T2
Telephone: 416-736-8777
Status: Licensed

Wildwood Capital Inc.

Licence #: 10873
Principal Broker: ESTREICHER, EHUD
Contact Information: 5162 Yonge Street, Suite 809 Toronto ON M2N0E9
Telephone: 416-223-8111
Status: Licensed

Wind Star Realty Limited

Licence #: 11048
Principal Broker: NANAVATI, KAMAL
Contact Information: 34 Christine Crescent, Unit 102 Toronto ON M2R1A5
Telephone: 416-730-8484
Status: Licensed


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.

What Is a Commercial Mortgage and...

Most people are somewhat familiar or will be at some point in their lives, with a conventional mortgage. Read More

10 Tips for Buying an Investment...

An investment property can help you accumulate wealth, make extra money and grow your portfolio. Read More

5 Tips on How to Lower Mortgage...

When Canadians buy a house, they accept that they are locked into a mortgage for up to 25 years. Read More

10 Things You Might Not Know About...

Canadian banks know that many potential homebuyers aren’t keen on signing on to a 30-year mortgage. Read More

people a month

Trust us to help them save money
and make better financial decisions.

Join the monthly newsletter for financial tips, news, and deals!

Enter Your Renewal Date:
Northwood Mortgage

We're working harder for you