Canada Mortgage Brokers and Agents

What does a mortgage broker do?

A mortgage broker is an industry professional who works directly with borrowers to connect them with products offered by various mortgage providers. They can work closely with their clients to assess their mortgage needs, as well as their profile as a borrower. Those with challenging credit histories, or who may not have full-time employment and cannot get a rate from an “A” lender, may benefit from working with a mortgage broker, as they can connect with them B or alternative lenders and find them a personalized solution.

The advantages of using a mortgage broker in Canada

• A broker’s services are free. The lender that provides the mortgage loan will pay the broker a finder’s fee
• All the negotiating and paperwork is handled by the broker
• Canadian brokers have extended hours because they operate independently
• A mortgage agent in Canada can source a mortgage from multiple lenders
• Mortgage professionals have immense industry knowledge because they are not limited to one lender, so they have a broad view of the mortgage landscape
  
  Read: The pros and cons of using a mortgage broker
  

Canadian mortgage brokers and agents

Work with a Canadian mortgage broker or agent to gain access to the best Canadian mortgage rates and expertise. Connecting with a local mortgage broker offers plenty of benefits, such as personalized expertise from an industry professional, based on your personal financial situation. Because mortgage brokers have access to many products offered by a variety of providers, they can help you compare the best mortgage rates offered by banks and lenders across Canada. Working with a broker also simplifies the mortgage shopping process; rather than meeting with multiple representatives from different providers about your mortgage needs, you only need to meet with one person, while accessing the wider mortgage marketplace.

Canadian mortgage brokers

Mortgage brokers in Canada serve as the “origination point” for your mortgage. This means they serve as your representative in the mortgage shopping and selection process, by providing you with access to multiple mortgage products from multiple lenders. A Canadian mortgage professional will work closely with you to evaluate your financial needs and situation to determine the best rate and product to service your needs.

Read: Bank vs. broker

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. 

See today’s best mortgage rates

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)
• Your mortgage renewal
• Your 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

Canadian broker associations and licensing

Nationally, there is no unifying governing body that all mortgage brokers adhere to. Rather, each mortgage professional licence is handled province-to-province. However, in all provinces, the mortgage broker-to-be must be at least 18 years of age and have Canadian citizenship.

The Canadian Association of Accredited Mortgage Professionals, also known as CAAMP, does offer licensing courses for individuals in order to receive the Accredited Mortgage Professional (AMP) designation. The courses cover important topics such as ethics, standards, and responsibilities. The Accredited Mortgage Professional designation (AMP) is the only national proficiency standard for Canada’s mortgage industry. It’s not required but adds additional credibility.