Best Mortgage Brokers In Burlington
The difference between a mortgage agent Burlington and mortgage broker Burlington is that a broker can supervise a team of mortgage agents, while an agent cannot supervise other agents. In addition, a licensed mortgage broker can hold the title of Principal Broker, which is basically the chief compliance officer of a licensed mortgage brokerage. That is the only difference; a mortgage broker and mortgage agent’s commission is not based on what the interest rate of the mortgage is, so they will try to get clients the lowest rate possible. Generally, Ontario mortgage brokers are paid by the lender. So, if a broker isn’t charging you directly, he is getting paid by the lender.
Mortgage brokers/agents are trained professionals who act on your behalf with multiple lenders to recommend a suitable mortgage and are able to justify this recommendation. Did you know that a mortgage broker owes you duty of care when giving you mortgage advice? In order to best meet your requirements, mortgage brokers/agents have a wide array of products from which to choose with best mortgage rates and know the guidelines of the lenders so processing a loan is much faster.
Our team at Real Mortgage Associates Inc. comprises of some of the most dynamic and experienced personnel from the mortgage industry. We will provide all the necessary advice and guidance that you might require for your mortgage application, interest rate negotiation, or any other related procedure. We constantly work towards offering you the best solution in the most cost-effective manner.