Mortgage brokers are independent, trained professionals who are licensed to represent and provide you with the best advice for all your mortgage needs.

A mortgage broker's primary expertise is finding funding for mortgage financing. They know where to look for the best rates. What's more, they have the knowledge and experience that is required to present a proposal for financing to a lender in the best way possible which ensures optimal results.


Mortgage brokers don't work for a lending institution, therefore they are not limited in the product they can offer you. Brokers find the best lender package to suit your specific situation, whether it's with a Chartered Bank, Trust, Insurance company, or even Private Funds.

There is a large variety of features and options available to home buyers today. Shopping around for rates takes time and effort. The mortgage application process in today's extremely competitive marketplace can intimidate Canadian home buyers. It pays to work with a mortgage professional that will represent you and ensure the mortgage you get is the one best suited to your needs. 

The choice of a wrong mortgage can cost you thousands of extra dollars. Mortgage brokers are trained professionals who can help you save those thousands by choosing the right mortgage for you.


Mortgage brokers negotiate for a living and understand the market in fine detail. The interest rate alone makes up a very small portion of the total contract and there are many other considerations to be mindful of when organizing your mortgage. A broker has the expertise to know which lender to place your mortgage with and how to ensure your terms and conditions are optimized. It's been said that in Canada there are two types of buyers. Educated buyers and victims. Don't let yourself be a victim; deal with a mortgage professional and get the right advice up front!


Mortgage brokers are in contact daily with lenders and know right away which applicants and property types attract ideal interest rates from one institution, but attract higher rates at others. In fact, some lending institutions will only accept mortgage submissions directly from mortgage brokers.

Interest rates and lender appetites for certain types of loans can change on the daily depending on several economic factors. For example, the size of an institution's portfolio in a particular type of mortgage can change their willingness to lower rates and attract new business. Your broker stays current and knows which lender to approach first. As a result, mortgage rates obtained by brokers are always the best available at the time of placement. 


A professional presentation to a lender on the first application will get the most ideal response and save you valuable time and money. Secondary applications with previous credit bureau inquiries may be more costly. 

Often the success of obtaining a mortgage approval depends on the way a proposal is presented and to whom it is sent. Your mortgage broker represents you and is trained to present your mortgage proposal in the best possible light. A carpenter could likely fix your teeth but would you not rather have a dentist do it? The same is true of mortgage financing. There are people who can get the job done, but a mortgage broker will take the time and care to make sure it is done right. 


Brokers can place all types of loans, including small loans registered on residential property to million dollar commercial loans registered on commercial property. They can deal with leasing loans, business loans, and even collateral or vehicle loans. Give your broker a call to discuss your plans, you may find there are many options available to you. 


The lenders who work with mortgage brokers include traditional sources such as chartered banks, corporate funds, trust companies, and private pension funds.

Banks and brokers actually work together and the broker channel can be a useful source for banks to lend their money. In addition, banks understand that brokers are shopping the entire market and have the insight to get the best rates. As a result, the banks often allow brokers to lend their money at a lower rate than the bank will directly offer. Lending high volumes of money at lower rates is still very profitable for the banks. 


Yes, letting a mortgage broker represent you to your own financial institution can often result in a better rate than you could get on your own. 

©2019 by Family Mortgage Planners.