If you are not redirected within 30 seconds, please click here to continue.
If you are not redirected within 30 seconds, please click here to continue.
If you are not redirected within 30 seconds, please click here to continue.
On your house buying journey, it is imperative to understand and be aware of the professionals you will come across and how they will assist you in your real estate endeavours.
A mortgage broker is a professional who acts as a mediator between potential buyers or real estate investors seeking to obtain a mortgage loan and the financial institutions that provide mortgage loans, such as banks or independent lenders.
Similarly, a mortgage brokerage is business or firm, comprising of professional brokers, who facilitate the mortgage lending process by helping borrowers find suitable mortgage options and connecting them with lenders that offer loans that match their financial needs and circumstances.
Mortgage brokers have a deep understanding of the mortgage market and various loan products available. Their primary role is to help borrowers find suitable mortgage options by assessing their financial situation and needs and then connecting them with lenders who offer loans that match those requirements.
Some of the leading mortgage brokerage businesses in Ontario have been listed below in alphabetical order:
Have more questions about Toronto mortgage brokerages? We have the answers...
You can find mortgage brokerages in Toronto on RATESDOTCA. We have enlisted the best brokerages available in Toronto for your convenience.
Yes, mortgage brokers charge between 1% and 2% of the mortgage loan. Fees may depend on the size and number of loan.
Whether you go with a bank or brokerage, you should aim to get the best rate for your financial situation. Knock on all possible doors and make sure you get the best mortgage rate before you zero-in on one. There is no harm in evaluating all options before making a decision.
*Based on the difference between estimated deep-discount 5-year fixed rates from Canada's top six banks and the lowest comparable rates on RATESDOTCA, as of January 14, 2022.
Mortgage calculators
Stay on top of our latest offers, relevant news and tips!