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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

Donald William Karn

Licence #: 11335
Principal Broker: KARN, DONALD
Contact Information: 100 Woodlawn Ave. West Toronto ON M4V1G8
Telephone: 416-960-2236
Status: Licensed

Donnovan L. Bennett

Licence #: 10336
Principal Broker: BENNETT, DONNOVAN
Contact Information: 279 Bain Avenue Toronto ON M4K1G2
Telephone: 416-399-3707
Status: Licensed

Dorr Capital Corporation operating as Dorr and Associates

Licence #: 12099
Principal Broker: DORR, BRIAN
Contact Information: 41 Scarsdale Road, Unit 6 Toronto ON M3B2R2
Telephone: 416-464-9747
Status: Licensed

Doxa Max Realty Inc.

Licence #: 11236
Principal Broker: MANFRINI, JULIO
Contact Information: 398 Horsham Ave Toronto ON M2R1G9
Telephone: 416-414-1331
Status: Licensed

Doxa Realty Inc. operating as Cambridge Mercantile Realty

Licence #: 11786
Principal Broker: EVDOXIADIS, JASON
Contact Information: 212 King Street West, Suite 205 Toronto ON M5H1K5
Telephone: 416-895-8724
Status: Licensed

Dream Land Financial Services Inc. operating as Dream Land Mortgage Architects

Licence #: 10147
Principal Broker: TAHIR, MAOOD
Contact Information: 17 Todd Brook Drive Toronto ON M9V1R5
Telephone: 416-274-8346
Status: Licensed

Drita Bruci

Licence #: 12239
Principal Broker: BRUCI, DRITA
Contact Information: 112 Ridley Blvd. Toronto ON M5M3L9
Telephone: 416-318-8452
Status: Licensed

Durham Capital Management Inc. operating as Sure Mortgage

Licence #: 10712
Principal Broker: WINTERS, JEFFREY
Contact Information: 401 Queens Quay West, Unit 709 Toronto ON M5V2Y2
Telephone: 416-591-4881
Status: Licensed

Dynamax Mortgage Brokerage Inc. operating as Centum Dynamax Mortgage

Licence #: 12529
Principal Broker: HAQUE, MD NAZMUL
Contact Information: 21 National Street Toronto ON M1M0A2
Telephone: 647-709-2865
Status: Licensed

Dynasty Wealth Management Inc. operating as Verico Dynasty Wealth Management

Licence #: 12699
Principal Broker: EMMANUEL, DOUGLAS
Contact Information: 1585 Markham Road, Suite 303 Toronto ON M1B2W1
Telephone: 416-737-5989
Status: Licensed


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