After looking at mortgage brokerages in four major provinces, Ratehub.ca’s mortgage broker brand blog series will take you back to Ontario to look at brokerages specifically in Toronto. In this blog series, we want to provide an overview of the major mortgage brokerages in Canada. This post should be especially helpful for first-time homebuyers who may be overwhelmed by the large choice of mortgage brokers in Toronto to consider working with.
Dominion Lending Centres (DLC) is a national mortgage brokerage that has grown to more than 2,200 mortgage professionals nationwide – 38 per cent of which are located in Ontario. DLC has access to over 90 lending institutions and can offer innovative products such as interest-only loans, self-employment programs and rental purchase programs. Whether you’re a first-time homebuyer, or a homeowner looking to refinance your mortgage, DLC’s mortgage professionals can help guide you through the process.
Launched in 2005, Safebridge now offers mortgage, insurance, and investment services to its clients. Safebridge is able to find some of the lowest mortgage rates on the market, by utilizing their network of over 30 trusted lending institutions. If you are self-employed or a new resident in Canada, the mortgage process has added difficulties, but Safebridge professionals can help guide you through the process and find an equitable mortgage rate for you. Safebride also offers a variety of value-added services for their clients, such as mortgage-centered financial planning.
The Mortgage Centre is a national mortgage brokerage that services all types of buyers. If you’re a first-time homebuyer, The Mortgage Centre will guide you through the mortgage process and will complete a free, thorough analysis of your specific financial situation. The Mortgage Centre also provides a mortgage monitor that allows you to track and manage your mortgage on a daily basis.
True North Mortgage opened in Alberta in 1999 and now has offices across Canada, including three locations in Toronto. True North Mortgage will help you find the lowest mortgage rates and will also show you how to pay off your mortgage faster. The brokerage offers low rates by leveraging their large network of lenders and passing on volume discounts to their clients.
Beyond these major mortgage brokerages, there are other options in Toronto. Mortgage Intelligence Inc. and MonsterMortgage.ca also offer low rates to buyers in Toronto. With all the different options available in Toronto, it’s important to research different brokerages and find the right mortgage broker for you.