Mortgage Planners are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage and financing needs.
Mortgage Planner's primary expertise is locating funding for mortgage financing. We know where the best rates can be found because we have the benefit of dealing with multiple lenders at one time. What's more, we have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.
At Residence Financial we take great pride in the service we provide. We have a vested interest in satisfying your needs, since we rely on referrals and your repeat business.
We represent you, our customer, not the lender.
Because Mortgage Planners are not employees of a lending institution, we are not limited in the products we can offer you. As your Broker, we seek out the best lender package to suit your specific situation, whether it’s with a Chartered Bank, Trust or Insurance Company.
With the wide variety of options and features available to Home Buyers today, shopping for the right mortgage will take time and effort. The mortgage process in today's competitive marketplace may intimidate many Home Buyers, so it pays to work with our Mortgage Planner who will represent you and ensure you get the product best suited to your needs. Armed with the latest information; access to over 50 mortgage lending institutions and the negotiating power of Canada’s most influential mortgage brokerage. Let us help you find the best mortgage.
How Mortgage Planners Get Paid
We are compensated by the Mortgage Lender, the same way a Insurance Broker is compensation by the Insurer.
In order to attract your business, lending institutions must allocate a portion of their income to marketing and sales, but representatives working for these institutions have only one financial product to sell – their own. Lenders know you won’t do business with them unless you have had ample opportunity to shop and compare. Therefore, it is in their best interest to compensate mortgage brokers for helping you do exactly that.
*Situations do exist where specific clients or properties do not meet conventional lender expectations. In these cases, a mortgage broker may attempt to find suitable financing through alternate sources. A fee, agreed upon in advance, may be charged directly to the client by a mortgage broker.