Mortgage Broker Toronto: Options That Fit Your Situation

A mortgage broker is a licensed professional who submits your application to lenders, compares the options and explains them in plain English. lendsimpl compares 50+ lenders, including banks, credit unions, alternative lenders and private lenders.

Any fee that applies to your file is disclosed in writing before you commit. On private files, lender fees and broker fees, where they apply, are disclosed in writing before you commit.

Rates depend on your file, the lender and the product, so no broker can promise a lower rate than your bank. What a broker can do is compare options across more lenders than one branch can and explain the trade-offs, so you decide with the full picture.

A decline does not close every door. Alternative and private lenders assess files differently, and each comes with different costs and trade-offs. We explain your options in plain English before you decide. Where private lenders are involved, lender fees and broker fees, where they apply, are disclosed in writing before you commit.

A bank offers its own products. A broker can compare options from many lenders, explain them in plain English, and is licensed and regulated by FSRA (Brokerage #13763), required to disclose fully and act in your interest. The right fit depends on your situation, and sometimes that is a bank.

It depends on how complete your documents are and on the lender. We tell you what we need up front so there are no surprises. Many lenders let you hold a rate for up to 120 days while you shop.

No. lendsimpl is based in Scarborough and serves borrowers across Ontario online and by phone.

Yes. lendsimpl is licensed and regulated by FSRA (Brokerage #13763), required to disclose fully and act in your interest.