Newfoundland Mortgage Brokers and Agents
Get in touch with a Newfoundland mortgage broker or agent to gain access to the best Newfoundland mortgage rates. The advantage of using a local broker is two-fold: you can meet with the mortgage agent or broker in-person and discuss your needs, and the agent or broker will compare the best mortgage rates offered by banks and lenders across Canada.
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Mortgage Brokers in Newfoundland
A Mortgage Broker in Newfoundland is a person who originates mortgages in the province of Newfoundland and Labrador. Brokers work directly with borrowers and shop their mortgages to different financial institutions. Brokers assist borrowers in comparing options, the approval process, and handling necessary paperwork.
The primary advantage of using Mortgage Brokers in Newfoundland and Labrador:
- FREE: A mortgage broker’s services are free to borrowers and is paid by the lender
- VARIETY: Mortgage professionals have access to multiple lenders and mortgage products
- KNOWLEDGE: A mortgage broker in Newfoundland will keep up with current market trends and rates of interest
- AVAILABILITY: Because they operate independently, they have extended business hours
- BEST RATES: Due to the high volume of business they bring to lenders, lenders will offer brokers discounted rates
Newfoundland Broker Associations
The former Department of Government Services, now known as Service NL is the governing body for mortgage brokers in Newfoundland and Labrador. Licences are issued under the Mortgage Broker’s Act.
There are no educational requirements for mortgage brokers in Newfoundland to meet. However, through the Canadian Association of Accredited Mortgage Professionals (CAAMP), a broker may earn an Accredited Mortgage Professional (AMP) designation through a series of course. It is the only national proficiency standard for the Canadian mortgage industry.
Best Newfoundland Mortgage Brokerages
Centum Mortgage Newfoundland
Mortgage Alliance Newfoundland
Mortgage Architects Newfoundland
The Mortgage Centre Newfoundland