Mortgage Broker in Canada

A mortgage broker poses as a link between lenders and borrowers. If you are purchasing real estate, a mortgage broker in Canada can help you find suitable mortgages for your unique needs and circumstances.
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Mortgage brokers do not provide the funds, they simply provide the borrower ease of access. They establish deals for their client and deal directly with the lender to ensure everything is up to par. If you are new to the mortgage market, or are incapable of finding the right mortgage deal, mortgage brokers in Canada are the best solution for you.

Why Should You Opt For Mortgage Brokers in Canada?

The broker analyzes the fine print, such as the loan-to-value ratio and the borrower’s preferences, to determine an appropriate mortgage before approaching the lender. They communicate on behalf of the borrower and serve as a guide through the entire transaction.
With a Canadian mortgage broker by your side, you do not need to worry about meeting strict requirements or going through hard application processes.
Some advantages of working with a mortgage broker are:

If you can relate to these scenarios, you've come to the right place! With Freedom Capital, our borrowers receive custom-tailored commercial financing solutions and quick approvals.

Isabella Flores
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Freedom Capital Team is one of the most amazing mortgage brokers that I have work with, the level of service they provide is outstanding. The team is very professional and were able to answer all of my client questions. Very responsive and acted fast on a mortgage that need it to get approved fast. Highly recommend working with Freedom Capital. Thanks Pip, Sylvia and Kathy
RSB Developments Ltd
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Positive: Professionalism, Quality, Responsiveness, Value Pip and his dedicated team at Freedom Capital went above and beyond for us. We gave them a challenge of getting approval for us within 24 hrs and they were able to do it! I am so appreciative of Pip and his team for taking the time to not only help us understand the process but get it done Quickly! It was easy to see that Pip really values his clients and their best interests. We would work with Pip and his team in the future!
Kim Vo
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I am very happy to have worked with Pip, Sylvia, Rosy, Kathy on my recent mortgage fund. Especially Kathy and Rosy with constant follow-ups and conversations with me all along the application until funding date. Rosy has guided me through the process which I needed. I understand it must be a whole team effort, a lot of work must have occurred behind the phone line in which me the client might not be able to see after I hang up conversing over the phone. They have worked diligently to bring satisfaction serving their clients. I truly appreciate and grateful to deal with Freedom Capital!
John Vranic
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I have worked with many private lenders in the past and I must say that Rosy Ram was the one of the best people to deal with. To top it off my situation was extremely difficult and had many layers to it. After submitting documents that Rosy required she was able to get me a deal quite quickly. I was pleasantly surprised how professional and efficiently she worked. Many other lenders will promise you deals, string you along only to fall short in the end. All the terms, conditions and rates were very reasonable in light of my situation as well. Looking forward to doing more business with Freedom Capital!
AMIR Rahimtula
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Pip Dhaliwal and The Freedom Capital Team are top producers in the mortgage game. Time after time they come forward effectively, efficiently with experience that counts and competitive results! As commercial developer we trust Pip and his team when they say they will get it done! They think outside the box and deal size never matters with Freedom Capital, they have knowledge and relationships with credible financiers to make our 106 unit condo project a reality and help Transnat Properties provide affordable homes to the public.
Gregory Hilman
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We had another broker working on our deal for over three months, and the service was very disappointing... Then we called Pip for a competitive assessment, he made the deal in less than 2 weeks, and it was 3 x what the other lenders were offering. We even got open terms and better interest rate than we expected. Fantastic service and A very reputable lender… We would never go to another broker again!! 5 STARS!!

Client Testimonials

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The Process of Hiring a Canadian Mortgage Broker

The process of hiring a mortgage broker in Canada is simple. You simply need to:
If you are facing difficulties in finding the right mortgage broker in Canada, or are looking for a lender who can meet all your needs, Freedom Capital can help! Freedom Capital is a unique mortgage brokerage dedicated to providing individuals across Canada custom mortgage solutions with swift approvals.
Looking for a mortgage? Freedom Capital can provide you with the solutions you need!
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FAQ
Yes. Most reputable mortgage brokers in Canada charge a consultation fee and have service charges. However, there are some, albeit few, brokers who provide a free consultation. Whether or not a mortgage broker will charge you an upfront fee depends on their practices and the services required.
Working with a mortgage broker increases your chances of getting a mortgage approval. This is because mortgage brokers in Canada are not compensated until the deal is closed. In order to get their money, brokers strive to ensure every borrower they work with gets a mortgage suitable for their needs.
While borrowers can use two mortgage brokers at once, they should NOT. Mortgage brokers have access to various deals, lenders and mortgage options. They can provide a borrower with the solutions they need with ease. Using two mortgage brokers simultaneously may affect your approval or decrease your credit score. However, getting advice from different sources is never a bad suggestion.

Yes, we do provide Refinance Mortgage to help you break your current loan and opt for a new mortgage with a lender of your choice.

The roles and responsibilities of a mortgage broker encompass a diverse range of crucial tasks within the realm of mortgage lending. A mortgage broker serves as an intermediary between borrowers and lenders, playing a pivotal role in facilitating the mortgage process. Their primary responsibilities include:

  • Marketing and Client Services: A mortgage broker actively promotes their services to clients, employing various marketing strategies to raise awareness and establish themselves as a trusted source of guidance. 
  • Financial Assessment and Education: One of the key responsibilities of a mortgage broker is to thoroughly assess and educate themselves about the financial position and circumstances of potential borrowers. 
  • Market Research and Mortgage Product Sourcing: A mortgage broker conducts extensive market research to stay up-to-date with the latest trends, mortgage products, and lender offerings. 
  • Pre-Approval Assistance: Mortgage brokers play a vital role in assisting clients with obtaining pre-approval for a mortgage loan. 
  • Streamlined Application Completion: Mortgage brokers streamline the mortgage application process, ensuring that all required information is accurately provided and supporting documents are included. 
  • Document Submission and Communication: Once the application is complete, the mortgage broker acts as a liaison between the borrower and the lender. 
  • Money-Saving Strategies: An experienced mortgage broker excels in sourcing money-saving options for their clients.

In summary, a mortgage broker’s responsibilities encompass everything from marketing their services and assessing clients’ financial situations to researching the market, assisting with pre-approval, completing mortgage applications, ensuring legal compliance, submitting documents, and employing money-saving strategies on behalf of their clients. Their expertise and personalized support greatly simplify the mortgage process, helping borrowers navigate the complexities of securing a loan with confidence and ease.

Mortgage brokers operate as a vital intermediary in the dynamic real estate market. A mortgage broker facilitates the connection between borrowers and lenders. Whether individuals seek to purchase a new home or refinance an existing property, the broker assumes the responsibility of gathering a diverse range of loan options from multiple lenders. Simultaneously, they assess the borrower’s qualifications, ensuring that they meet the necessary criteria to secure financing.

To accomplish this, the broker meticulously collects essential financial information, including income details, asset documentation, employment history, and credit reports. These details are carefully evaluated to determine the borrower’s creditworthiness and financial capacity. With a comprehensive understanding of the borrower’s profile, the broker then presents this information to potential lenders, positioning the borrower for favorable loan offers. By seamlessly bridging the gap between borrowers and lenders, mortgage brokers streamline the process, making it more accessible and efficient for individuals navigating the complexities of real estate financing.

When considering the difference between a bank and a mortgage broker, it’s important to understand their distinct roles in the lending landscape.

A mortgage broker serves as a valuable intermediary for consumers, guiding them in identifying the most suitable lender based on their unique financial situation and requirements. With their in-depth knowledge of the mortgage market, brokers assess the borrower’s needs and preferences and search for lenders offering competitive loan options.

On the other hand, a direct lender, typically a bank or financial institution, functions as both the decision-maker and the source of funds. When borrowers approach a direct lender, the institution assesses their eligibility for the loan based on factors such as creditworthiness, income, and collateral. If the borrower meets the lender’s criteria, the direct lender approves the loan application and disburses the funds directly to the borrower.

In banking, a mortgage signifies the act of providing an asset or property as security or collateral in exchange for a loan. This concept commonly arises when individuals seek secured loans, particularly in the context of home financing. In essence, a mortgage involves the borrower offering their property as a guarantee to the lender, ensuring repayment of the loan.

Typically, various types of home loans fall under the category of secured loans. To obtain such a loan, the borrower pledges their property as collateral to the lender. By doing so, they provide the lender with a legal claim to the property in the event of default on loan payments. This arrangement offers a level of security to the lender, as they can sell the property to recover the outstanding debt if necessary.

Ultimately, a mortgage represents an agreement wherein borrowers offer their property as a form of security, granting lenders a measure of protection against the potential risk of non-payment. It allows individuals to access financing for significant investments, such as purchasing a home, while simultaneously establishing a legal framework that safeguards the interests of both borrowers and lenders.

  • Fee Management: One of the advantages of utilizing a mortgage broker service is the assistance they provide in fee management. When obtaining a mortgage or approaching a new lender, borrowers may encounter various fees, including application fees, potential appraisal fees, and origination fees . A mortgage broker can help clients navigate these fees, ensuring transparency and potentially minimizing their financial impact.
  • Time and Effort Savings: Mortgage brokers possess extensive knowledge about lenders, repayment terms, and administrative fees. This wealth of information can save clients significant time and effort. By leveraging their expertise, brokers streamline the process and provide valuable insights that help borrowers make informed decisions. However, borrowers are still advised to conduct their own research to complement the broker’s guidance.
  • Strong Lender Relationships: Mortgage brokers often have established relationships with lenders and are trusted by them. This can simplify the process for borrowers, as some lenders prefer to work exclusively with brokers. Additionally, brokers’ connections in the industry can enable them to negotiate favorable rates and terms on behalf of their clients. By bringing in a steady stream of clientele, brokers can secure competitive offerings from lenders, potentially leading to better deals for borrowers.
  • Limited Access to Loan Programs: It’s important to note that not all lenders collaborate with mortgage brokers. As a result, brokers may not have access to certain loan programs offered by specific financial institutions. This limitation could potentially restrict the range of options available to borrowers, reducing the flexibility in finding the most suitable mortgage solution.
  • Broker Fees: Before engaging the services of a mortgage broker, it’s crucial to clarify the payment structure. While it is common for the lender to cover the broker’s fee, there are instances where the borrower may be responsible for the payment. Understanding the fee arrangement in advance is essential to avoid any unexpected financial obligations.
  • Potential for Conflict of Interest: In situations where a mortgage broker receives a commission from a lender, there exists a potential conflict of interest. The broker may be inclined to favor the lender offering higher compensation, which could compromise the broker’s impartiality and hinder their ability to secure the best available deal for the borrower. Vigilance and thorough evaluation of the broker’s recommendations are necessary to mitigate this risk.
  • Varied Loan Terms: While a mortgage broker provides estimates based on the information provided during the application process, the final terms of the loan may differ from the initial estimate. Lenders have the authority to adjust the interest rates or fees based on their evaluation of the borrower’s financial profile. Consequently, the cost of the loan could be higher than anticipated, potentially resulting in unexpected financial implications.
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