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

Johnata Finance Inc.

Licence #: 11640
Principal Broker: CHO, JOHN
Contact Information: 1993 Leslie Street Toronto ON M3B2M3
Telephone: 416-449-7600
Status: Licensed

Jones Lang LaSalle Real Estate Services Inc.

Licence #: 12424
Principal Broker: Not Applicable
Contact Information: 22 Adelaide Street West, Suite 2600 Toronto ON M5H4E3
Telephone: 416-304-6000
Status: Surrendered
Effective Date: July 24, 2021

Jones Lang LaSalle Real Estate Services Inc.

Licence #: 12994
Principal Broker: MASECCHIA, TINO
Contact Information: 22 Adelaide Street West, Unit 2600 Toronto ON M5H4E3
Telephone: 416-304-6026
Status: Licensed

JP Mortgages Inc.

Licence #: 10997
Principal Broker: SINGH, JOGINDER PAL
Contact Information: 64 Eddystone Ave Toronto ON M3N1H4
Telephone: 416-742-4544
Status: Licensed

K.S.F. Mortgage Brokers Inc.

Licence #: 11100
Principal Broker: SWARTZ, KEVIN
Contact Information: 24 Times Road Toronto ON M6E3B9
Telephone: 416-487-2504
Status: Licensed

KingSett Mortgage Corporation

Licence #: 11330
Principal Broker: COATES, SCOTT
Contact Information: 66 Wellington Street West, Suite 4400, P.O. Box 163 Toronto ON M5K1H6
Telephone: 416-687-6700
Status: Licensed

Kismet Mortgage Services Corporation

Licence #: 12911
Principal Broker: GODINHO, VICTOR
Contact Information: 145 Front Street East, Suite 107 Toronto ON M5A1E1
Telephone: 647-523-8280
Status: Licensed

Kwaku (Ken) T. Ntiamoa operating as Lifeline Financial

Licence #: 10536
Principal Broker: NTIAMOA, KWAKU
Contact Information: 3768 Bathurst Street, Suite310 Toronto ON M3H3M7
Telephone: 416-398-1877
Status: Licensed

Lakeview Midland Financial Corporation operating as Mortgage Alliance Performance Group

Licence #: 12070
Principal Broker: SHEA, COLIN
Contact Information: 834 Danforth Avenue, Unit 201 Toronto ON M1L6
Telephone: 416-358-8522
Status: Licensed

Largo Capital Limited

Licence #: 10454
Principal Broker: HEISS, KEVIN
Contact Information: 150 York Street, Suite 706 Toronto ON M5H3S5
Telephone: 416-362-2122
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.

Mortgage Blog

What Homeowners Should Do Before...

Becoming a homeowner is a major milestone and life achievement; but the reality is, it requires a sizable investment, especially in a real... Read More

Things You Should Avoid Before...

If you are planning on purchasing a home, you will likely need to obtain a mortgage, as it can be next to impossible to buy a home without... Read More

Your Credit Score and Debt...

Debt consolidation is a form of debt management that combines all of your debt with multiple creditors into one simple loan. Read More

How to Pay Off Your Mortgage Faster

The majority of Canadians will have to deal with a home mortgage at some point in their lives. 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!

Mortgage Reminder

Enter Your Renewal Date:

Please select the Diamond and click the SUBMIT button.

Northwood Mortgage

We're working harder for you