Committed to providing solutions for your future needs.

Book a meeting
(877) 422-6346 x 520
CANFIN
Emil Matacz, BA, RRC®
Emil Matacz, BA, RRC®
Financial Planner, Mortgage Agent Level 1

Show all articles

Posts

Personal Wealth and Finance


The Advantage of Using a Mortgage Broker

June 1, 2025

Mortgage brokers are valuable mediators in the Canadian mortgage market, offering distinct advantages for both new homebuyers and those undergoing mortgage renewal.

  • Multiple Lender Access: Mortgage brokers work with numerous lenders, such as major banks, credit unions, mortgage finance companies, and private lenders. This broad access allows them to compare a wider range of products and rates, thereby increasing the potential for finding a mortgage that suits your individual needs and financial situation.
  • Rate Negotiation Skill: Mortgage brokers negotiate on behalf of their clientele. This allows them the ability to secure discounted rates, potentially less than offered by a bank. With their broader market of lenders, they have access to a more competitive landscape.
  • Guidance with Expert Personalized Advice: Mortgage brokers provide tailored advice, guiding borrowers through the often complex mortgage process. They will evaluate your risk tolerance for fixed versus variable rates and explain complex mortgage terms. It is essential to understand the full cost of borrowing, including any additional fees beyond the interest rate. Their license and ongoing training ensure they are knowledgeable about interest rates, the mortgage market, and current regulations.
  • Potential Cost Reduction for Borrowers: Since lenders typically compensate most brokers, borrowers do not usually pay for a mortgage broker’s services. 

Simplified Process: Brokers can streamline the mortgage application and comparison process when a borrower, at renewal, desires to switch lenders. 

 

Publisher's Copyright & Legal Use Disclaimer

All articles are a legal copyright of Adviceon®Media.

The particulars contained herein were obtained from sources which we believe are reliable, but are not guaranteed by us and may be incomplete. This website is not deemed to be used as a solicitation in a jurisdiction where this representative is not registered. This content is not intended to provide specific personalized advice, including, without limitation, investment, insurance, financial, legal, accounting or tax advice; and any reference to facts and data provided are from various sources believed to be reliable, but we cannot guarantee they are complete or accurate; and it is intended primarily for Canadian residents only, and the information contained herein is subject to change without notice. References in this Web site to third party goods or services should not be regarded as an endorsement, offer or solicitation of these or any goods or services. Always consult an appropriate professional regarding your particular circumstances before making any financial decision.

Mutual Funds and/or Segregated Funds Disclaimer

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investment funds, including segregated fund investments. Please read the fund summary information folder prospectus before investing. Mutual Funds and/or Segregated Funds may not be guaranteed, their market value changes daily and past performance is not indicative of future results. The publisher does not guarantee the accuracy and will not be held liable in any way for any error, or omission, or any financial decision. Talk to your advisor before making any financial decision. A description of the key features of the applicable individual variable annuity contract or segregated fund is contained in the Information Folder. Any amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value. Product features are subject to change.