Mortgage Broker Vancouver BC Canada - What we do and How do we Get PAID

     In most cases getting the Best Mortgage Rates from your Mortgage Broker in Canada is as easy as a phone call or online application away. But the reasons for using a Mortgage Broker are still sometimes confusing to some people. It doesn’t matter if you are Salaried or Self Employed, Good or Bad Credit because our goal as Mortgage Brokers is not met until you get the right information about your Mortgage Financing.

What a Mortgage Broker does for You

     Mortgage Brokers represent you, the Borrower to our Mortgage Lenders. We have the experience required to navigate your application for presentation to lenders for the best possible success in obtaining your mortgage. We have the knowledge of a variety of different Mortgage Lenders plus the latest products and terms they offer.

Because Mortgage Brokers in Canada are not employees of a Lending Institution, we are not limited in the products we can offer you.

How do Mortgage Brokers Get Paid in Canada - Two ways a Mortgage Broker Gets Paid Are:

     Mortgage Brokers are paid two different ways depending on your current situation. The 1st way is by the Lending Institution (BY THE BANKS) once a mortgage has been placed. 2ndly In the more challenging cases, a borrower may not qualify for a traditional Mortgage Lending due to high debt, bad credit, or other concerns conveyed by the lending institutions. In these cases, Mortgage Brokers have access to alternative sources of funds a mortgage like a Home Equity Loans or Private Mortgage . There are fee's which must be paid by the borrower, however these fees are completely disclosed before you commit and are added into the mortgage to help with any upfront costs.