Mortgage Brokers are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs. 

For most people, a mortgage is the largest financial commitment they’ll ever make. When it comes to selecting a mortgage, you have more choices than ever before. That’s why it pays to have a trusted professional working with you, assessing your needs and your options. With so many mortgages to choose from, a mortgage broker can find the one that’s perfect for you. Maybe that’s why more than one in five Canadian mortgages are now handled by mortgage brokers. Consumers like you are discovering they just don’t have the time to shop from one lender to the next, trying to figure out which deal is best.

Let Residence Financial Inc. take care of getting you a better rate. We study the mortgage rate markets and we have direct access to many different lenders, we can offer you highly competitive rates that are among the best in the market. You may not enjoy negotiating with financial institutions, that’s our specialty! We’ll make sure you get the most attractive rate currently available.

We can shop dozens of lenders in the time it takes you to book an appointment at your bank. Shopping for mortgages can be time consuming and frustrating if you do it yourself. That’s why more and more Canadians are relying on mortgage brokers. We know the quality of products offered by the various lenders and can quickly short list the ones that best match your needs. You’ll end up with the best features and rate, all in one stop.

All types of loans can be placed by mortgage brokers, provided they are backed by mortgage collateral. All sizes of loans, from small loans backed by a residential property to commercial properties in the millions of dollars, are readily available. Mortgage-backed loans in the millions are not uncommon with private pension funds and private lenders. The lenders who work with mortgage brokers include traditional sources, such as chartered banks, credit unions, trust companies, as well as corporate and private pension funds.

In addition to these institutions, brokers often develop professional relationships with private sources of funds. These lenders can provide many various mortgage products not available at conventional sources.

Mortgage brokers are paid in different ways. When a mortgage is placed with a lending institution, the lender usually pays a finders fee to the broker. Depending on the difficulty of the deal that may cover the brokers costs. Sometimes the broker will charge an additional fee. If it is a private deal the broker will have to charge a brokers fee. Again this will vary depending on the difficulty of the deal. All this is disclosed upfront.

Please call today to see if you qualify. 1-877-326-2413