Why use an Accredited mortgage Professional?

YOUR lending institution will only advise you on their own product. You could visit every institution out there, one by one if you had time......
Or, you can talk to talk to a mortgage broker who will shop for the best mortgage for you from all available lenders including many you would not usually think of on your own.

How do Brokers get better deals than many Banks?
The lenders who work with mortgage brokers include traditional sources, such as chartered banks, trust companies, as well as corporate and private pension funds. In addition to these sources, brokers often develop professional relationships with private sources of funds, termed private lenders. These lenders can provide many various mortgage products not available at conventional sources.

Are there fees for your services?
There are no fees on conventional mortgages as we receive payment for placing the mortgage from the financial institutionsm, however, in some circumstances lender/broker fees may apply.

How does a mortgage broker get paid?
MOST Financial Institutions pay a referral fee to the Broker for doing all the legwork and credit research for them (the job of a loans officer). Since this service is valuable, a commission is paid by the lending institution to the mortgage broker. In some rare circumstances, a client's financial requirements, credit, or job situation is more complicated and in these cases fees payable to the Mortgage Broker and/or the Lender may be charged.

What is an Accredited Mortgage Professional?

The Accredited Mortgage Professional (AMP) is Canada's national designation for mortgage professionals.Consumers should know that the AMP designation sets a single national proficiency standard for Canada's mortgage professionals. An Accredited Mortgage Professional is an intermediary between you the customer and the mortgage lender.The Accredited Mortgage Professional will shop around to all of the major lending institutions including banks,Credit Unions, trust companies and insurance companies. The Accredited Mortgage Professional will find the mortgage that offers the best combination of features, options and rates to suit your needs.