What is a Mortgage Broker?
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A mortgage broker in B.C. is a licensed professional trained to represent the borrower in obtaining financing from a variety of lending sources. They have access to an abundant source of lenders including Chartered Banks, Trust Companies, Credit Unions, and Private Lenders. Mortgage brokers are able to find the best rates on all available mortgage products. They have the necessary knowledge and training required to present a formal financing proposal to a lender that will result in the best possible mortgage for you. The lenders then pay the mortgage brokers as a thank you for providing business.
