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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
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

Lender Direct Capital Corporation

Licence #: 10138
Principal Broker: LEWIS, RICHARD
Contact Information: 162 Cumberland Street, Suite 300 Toronto ON M5R3N5
Telephone: 416-928-4869
Status: Licensed

Lenders For Growth Ltd.

Licence #: 12368
Principal Broker: HIGHCLASS, HANNIF
Contact Information: 6983 Yonge Street Toronto ON M2M3X9
Telephone: 416-225-0004
Status: Licensed

Letterstone Capital Corporations

Licence #: 11822
Principal Broker: WEINBERGER, ANDRZEJ
Contact Information: 161 Bay Street, Brookfield Place, Canada Trust Tower, Suite 2700 Toronto ON M
Telephone: 416-365-2787
Status: licensed

Livin’ Links Financial Mortgages Inc. operating as LLF Mortgages

Licence #: 12851
Principal Broker: SHAH, SHAMIKH
Contact Information: 3660 Midland Avenue, Suite 300 Toronto ON M1V5L6
Telephone: 416-824-9317
Status: Licensed


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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).

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