Top Sault Ste. Marie, Ontario Mortgage Brokers and Agents

Looking for the best Sault Ste. Marie 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.

Sault Ste. Marie, Ontario is the perfect place to call home. 73,368 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 223.24 square kilometers, alongside many popular arts, culture and recreation facilities.

Sault Ste. Marie Mortgage Agents and Ontario Brokers

The Canadian Mortgage Brokers Association of Ontario plays an important role in establishing the ethical and professional standards for mortgage professionals in the province. It's an organization of independent mortgage professionals that's licensed by the Financial Services Commission of Ontario (FSCO). This inter-jurisdictional association connects and supports mortgage brokers across Canada and has established the code of professional conduct which includes everything from advertising standards to confidentiality. Provincial organizations like this are vital because they ensure that Ontario mortgage professionals have the relevant education and experience needed to provide borrowers with professional, unbiased guidance.

The most popular places to get a mortgage in Ontario these days are in Toronto, Ottawa, Mississauga, Brampton or Hamilton. In 2016, the Canadian census counted over 5.5 million Canadian residents in these five municipalities alone! And that's not accounting for nearby regions like Burlington or Grimsby. Put differently, almost 40% of Ontario's 14.2 million citizens live in one of the top 5 municipalities. It's no surprise that it's one of the most densely populated provinces in Canada, and that house prices have continued to rise as Canadians have flocked to urban centers.

Advantages of Sault Ste. Marie Mortgage Brokers

Sault Ste. Marie mortgage brokers and agents offer a wide range of benefits. Here are a few reasons why home buyers in Sault Ste. Marie,Ontario are turning to brokers for help buying or refinancing their home.

Brokers are highly knowledgeable about the real estate and mortgage industry in Ontario and have lots of local Sault Ste. Marie context to draw on.
They can offer you a wider range of options for potential rates, mortgage products and lenders, and may even be able to pass along volume discounts.
Your credit report only needs to be accessed once, rather than each time you check a rate yourself.
They're a one-stop-shop for mortgages — mortgage brokers are trusted experts who can handle negotiations on your behalf.
Can help you with refinancing, new purchases, renewals and more.
It's free! Mortgage brokers are paid by the lender, not the buyer.

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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Find Your Sault Ste. Marie, Ontario mortgage broker

Sault Ste. Marie Mortgage Agents and Ontario Brokers

Advantages of Sault Ste. Marie Mortgage Brokers

Frequently Asked Questions (FAQ)

Not looking for Sault Ste. Marie? See brokers in Ontario

Get pre-qualified for Sault Ste. Marie in less than 2 minutes