Toronto Mortgage Brokers and Agents

Working with a Ratehub.ca mortgage broker

Ratehub.ca is Canada’s fastest-growth mortgage brokerage, with a reputation for being the #1 source for the best mortgage rates. We’ve funded over $15 billion in mortgages since 2015 with a team of seasoned Ratehub.ca mortgage brokers – no matter your mortgage needs, we’ve got the expertise to guide you through the mortgage process and get you the best deal. 

Ratehub.ca works with the big banks, small banks, credit unions, and trust companies to ensure that we offer our clients the most complete mix of lending products.

More importantly, our agents are well-versed in all our products and know how to handle the most complex and difficult mortgage situations.

It’s no wonder our clients rate us so highly, with over 10,000 reviews on Google and Facebook, with an average rating of 4.9 out of 5 stars.

Are you looking to find the lowest mortgage rates in Canada? We offer the most competitive and low-interest rate options for every type of borrower, whether you’re looking to purchase your very first home, renew your existing mortgage term or refinance your mortgage loan.

Our mortgage broker services

Ratehub.ca mortgage brokers are hired almost exclusively from the banking sector, with at least 10 years of banking or underwriting experience. Our agents have seen it all and understand how to get a deal done, no matter your mortgage needs. Connect with a Ratehub.ca mortgage brokerage today to see how we can help with your:

• Home purchase (including first-time home buyers)
• Mortgage renewal
• Mortgage refinance
• Investor mortgages
• Mortgages for self-employed borrowers
• Vacation and second home mortgages
• Purchase-plus improvement
• Construction mortgages
• Divorce mortgage
• New to Canada mortgage

Mortgage brokers can help in a number of ways. Some advantages of using a broker are:

• • greater access to lenders, mortgage products and rates
  • the ability to compare mortgage rates without having your credit report being pulled multiple times (as opposed to if you conducted your own comparison shopping, where your credit report would be pulled once by each of the lenders you go to)
  • all negotiations are handled by the mortgage broker
  • greater flexibility when finding a time to meet with your broker in-person as mortgage brokers usually have extended hours
  • access to your mortgage broker’s in-depth industry knowledge
  • it is a free service; mortgage brokers are paid by the lender that provides your mortgage

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Mortgage Brokers Association of Ontario

To work as a mortgage broker in Toronto, you must be licensed by the Canadian Mortgage Brokers Association of Ontario. The association delivers licensing and continuing education courses to their members in addition to representing them when dealing with local issues at the provincial level, and when dealing with agencies, licensing bodies and regulators. As a member of the Mortgage Brokers Association of Ontario, Toronto mortgage brokers are agreeing to abide by the professional and ethical standards outlined by the association and meet the qualification requirements.

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Canadian mortgage broker licensing in Toronto

To be a fully licensed mortgage broker in Toronto, you must meet the requirements outlined by the Financial Services Commission of Ontario (FSCO). All education requirements must be approved by the Superintendent and the FSCO.

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Other professionals

During the purchase of your new property, you will come into contact with professionals including realtors, home inspectors and real estate lawyers.

Realtors are overseen by the Real Estate Council of Ontario (RECO). RECO regulates real estate professionals in Ontario on behalf of the provincial government. A realtor can help you find the right property and negotiate with the seller.

Home inspectors in Ontario are currently not regulated, but Ontario is looking to introduce new legislation to regulate the home inspection industry. The Ontario Association of Home Inspectors is the only recognized body of home inspectors in Ontario, so consult their website for a qualified inspector.

Real estate lawyers help to ensure all transactions proceed by having all legal documents completed. Additionally, a real estate lawyer's goal is to ensure that your rights are protected during the home purchase process.