Find Your Halifax, Nova Scotia mortgage broker

The Best Halifax Broker Near You

Looking for the best Halifax mortgage broker? Contact a local mortgage professional; they are your best source for local mortgage options. Find one near you to answer your questions and provide you with an overview of the rates and options offered by lenders and banks across Canada.

Halifax, Nova Scotia is the perfect place to call home. 297,943 people currently live in single family homes, condos and townhouses in this lively Canadian city, and an increasing number are relying on local mortgage brokers to discover the best rates and lenders for their home-buying needs. Real estate is spread across 5490 square kilometers, alongside many popular arts, culture and recreation facilities.

Halifax Mortgage Agents and Nova Scotia Brokers

Mortgage brokers in Nova Scotia are licensed under Service Nova Scotia, under the Mortgage Brokers and Lenders Registration Act. This licensing is meant to regulate the information available to borrowers on both a transactional and annual basis, to limit the levying of pre-payment penalties, and to protect the borrower's right to refinance. Mortgage brokers must renew their license each year, with an annual fee due to the Ministry of Finance.

Despite being one of the smallest provinces, Nova Scotia is also one of the most population dense. This Atlantic province is known for stunning coastlines, puffins, and delicious seafood. Just under a million Canadians call this maritime province home, with about 400,000 living in the provincial capital of Halifax. Other top towns include Truro, Cape Breton and Amherst. Like other eastern provinces, the economy is resource-based with many Nova Scotians working in fishing, mining, agriculture and forestry.

Halifax Real Estate Professionals — Beyond Brokers

If it's your first time buying or refinancing a home, you probably have a lot of questions. But don't worry, there are lots of local real estate professionals who can help! Your local mortgage broker can help introduce you to their network of trusted professionals, such as:

Halifax Realtors: Realtors have tons of context on the Halifax housing market and can help you navigate the hundreds or thousands of homes for sale in your region. Not only can they help provide personalized recommendations based on your family's needs, but they are also experts when it comes to selling prices and negotiations. They can help you make sure you're paying a fair price, and to reach an agreement with the home seller.
Halifax Home Inspectors: When you're buying a home, it's important that you have an accurate sense of the state of the property. Halifax home inspectors are licensed professionals who can provide a technical assessment, proper documentation, and an overview of the maintenance or repair costs that should be anticipated in the years following your home purchase.
Halifax Real Estate Lawyers: When buying a home in Halifax, Nova Scotia, it's important that you know your rights. A local real estate lawyer can help protect your rights as you go through the process of buying a home. They'll do this by making sure all necessary legal documents are completed and that you're aware of your options and rights at each step in the transaction.

A lot of the services above fall within closing costs. It's important to keep closing costs in mind so that you don't go over budget. You can read more about closing costs here.

Frequently Asked Questions (FAQ)

Mortgage brokers match borrowers to lenders that meet their financial situation. They are financial professionals who work with banks, monoline lenders, investors and more.

A mortgage broker can help you access rates and lenders that aren't readily advertised to the market. They can shop the market for you without hurting your credit score with multiple checks.

They get paid through commissions by the lender. Commissions range from 0.5% to 2% of your full mortgage amount.

Mortgage brokers don't typically charge a fee as they are paid by the lender. However they may charge an additional fee if your financial circumstances are more complex than the typical borrower.

It's best to meet with a mortgage broker before you start shopping for a home. A broker can set a realistic expectation of what you can afford and give you a pre approval. Realtors are more likely to work with you if you have a pre approval as it narrows down the budget which you can afford.

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