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Mortgage Brokers & Calculators

You will find a list of Mortgage Brokers we work with as well as financial calculators and up to date rate information.

Online Mortgage Calculators

Mortgage Calculator

BMO

CIBC

Royal Bank

VanCity

Mortgage Brokers

What is a mortgage broker and what can they do for you?

Wikipedia says:  A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses.

Traditionally, banks and other lending institutions have sold their own products. cHowever as markets for mortgages have become more competitive, the role of the mortgage broker has become more popular. Today in most developed mortgage markets (especially in Canada, the U.S., the UKAustraliaNew Zealand and Spain) mortgage brokers are the largest sellers of mortgage products for lenders. Mortgage brokers exist to find a bank or a direct lender that an individual seeks with a specific loan the individual is seeking. Mortgage brokers charge fees based on the percentage of the loan amount in the 1-3% of the loan amount.  These fees are typically paid by the lending institution.

What does this mean to you?

They’re on commission – this is good for you because they work hard to find you the best rate.

For more information – Check out our “Top 10 Reasons to Use a Mortgage Broker”

To help you get started these brokers come highly recommended – we’ve worked with them and believe their services are top notch.

Chris Pahl | Mortgage Broker

Realty Victoria

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