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

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

Interfinance Mortgage Corporation

Licence #: 12004
Principal Broker: KAUSHAL, KIRAN
Contact Information: 220 Sheppard Avenue West Toronto ON M2N1N1
Telephone: 416-445-4890
Status: Licensed

Isabel de Los Santos Gonzalez

Licence #: 12754
Principal Broker: GONZALEZ, ISABEL
Contact Information: 100 High Park Avenue, Suite 1720 Toronto ON M6P2S2
Telephone: 416-832-2374
Status: Surrendered
Effective Date: September 13, 2021

J D Mortgages Inc.

Licence #: 10450
Principal Broker: MANGAT, PARVEEN
Contact Information: 18 Leverhume Crescent Toronto ON M1E1K4
Telephone: 905-913-0059
Status: Licensed

Jan Normandale Mortgage Associates Inc.

Licence #: 12335
Principal Broker: NORMANDALE, JAN
Contact Information: 184 St. Clair Avenue East, Apt. 2 Toronto ON M4T1N8
Telephone: 416-528-7746
Status: Licensed

Jeffrey Joel Schwartz

Licence #: 10543
Principal Broker: SCHWARTZ, JEFFREY
Contact Information: 258 Wilson Avenue Toronto ON M3H1S6
Telephone: 416-636-1949
Status: Licensed

Jencor Mortgage Corporation operating as Dominion Lending Centres - Jencor Mortgage

Licence #: 12354
Principal Broker: AXSEN, CROFT
Contact Information: Weir Folds LLP Attn: Faren Bogach, 66 Wellington Street West, Suite 4100 Toronto ON M5K1B7
Telephone: 403-245-3636
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.