In most cases, working with a Mortgage Broker costs you absolutely nothing. We are compensated by the lender, not the client.

The only time you would for a Mortgage Broker’s services is if you’re looking for alternative financing, as these types of lenders do not typically compensate us.

In contrast to working with an employee at a bank, who is limited to offering the bank’s mortgage products, mortgage brokers collaborate with multiple lenders, which allows for a comprehensive range of mortgage products tailored to meet the specific needs of the client.

As self-employed individuals, mortgage brokers are not bound by traditional bank hours. Most mortgage brokers work evenings and weekends, ensuring their clients’ convenience and availability when banks are closed.

Mortgage brokers are fully licensed and regulated, and ongoing continuing education is mandatory to maintain their license year after year. In contrast, bank employees are not licensed and receive training specific to their bank’s operations. 

Mortgage brokers have access to a wide variety of lenders, including Major Banks, Credit Unions, Mortgage Finance Companies, Alternative (B) Lenders, and Private Lenders. There are very few lenders mortgage brokers do not have access to; Brokers really can do it all!