What is the role of a mortgage broker? Is there any cost to me?
Our Role
Canadian mortgage brokers function as middlemen between home buyer and lender. They match borrowers with bankers by identifying mortgages that suit the needs of their consumer clients. KTX Financial knows that every client is different and what’s a great product for one client isn’t necessarily the best for another client.
Our team appeals to many buyers because of our track record at arranging mortgages at rates lower than those posted by the banks and the ability to see exactly what the clients needs are.
From first time home buyers, renewals, refinancing and home equity take-outs for renovations, tuition fees, vacations and much more …. find out how we helped them all get their money. Our team also consults and helps people with credit problems and credit score repairs.
KTX Financial currently services all of Ontario, British Columbia, Manitoba and New Brunswick.
Is there any cost to me?
How much does hiring a mortgage broker really cost me? In most cases nothing! 9 out of 10 times we get paid directly by the lender saving you money from the start.
Mortgage brokers are paid a finders fee from the lender for placing loans for clients into appropriate mortgage products that the lenders offer. In addition, all mortgage brokers are regulated by FSCO The Financial Services Commission of Ontario.
In the odd cases that we can’t find a lender for you, based on credit worthiness, we can place the mortgage privately and a minimal fee may be charged.
Only 25% of the Canadian mortgage market takes advantage of mortgage brokers. The rest usually go to their respective banks to obtain mortgages and loans. The reason for this is that most people don’t realize the advantages that a mortgage broker can provide to them.
Some of the advantages are:
* help every step of the way
* efficient and highly personalized service
* counseling on credit and mortgage qualifications
* the most competitive rates
* provide maximum flexibility in financing choices
* help with your home purchase, mortgage renewal or refinancing
* put you in touch with suitable realtors, insurance agents, or any other home-related professional that you may require
Choose the mortgage that fits, let us do the legwork!
Let us find you the best rate!