| There are three different kinds of
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| | offer the best solution to their clients.
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| mortgage loan consultants:
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| | Nowadays, there are more than 12,000
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| - The representative of the local bank
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| | mortgage brokers in Canada who represent
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| branch: This consultant only offers
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| | 27% of the market.)
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| loans, and he has other banking jobs to
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| | (Please note that, although I try to be
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| take care of. They receive a salary from
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| | neutral on the subject, I am a mortgage
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| the bank they work for, and perhaps a
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| | broker - taux hypothecaire. I want to
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| bonus.
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| | advise you that I believe working with a
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| The local bank branch representative acts
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| | mortgage broker is the best way to go
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| exactly like a mortgage consultant, but
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| | when you are shopping for a mortgage for
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| he is the only one who can actually
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| | your home.)
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| submit a mortgage application. Things
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| | Of this you can be sure: the expertise
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| have changed in the mortgage market, and
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| | and integrity of whatever advisor you
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| now almost all of the lenders sell their
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| | work with will make a big difference. Of
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| mortgages through brokers or sometimes
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| | course, there are expert local bank
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| through mortgage marketers - taux
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| | branch representatives, expert mortgage
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| hypothecaire. Bank representatives still
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| | marketers and expert mortgage brokers.
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| offer mortgage loans in addition to other
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| | And then, there are many who do not fully
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| financial products, but only for the bank
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| | understand this field.
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| they work for.
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| | It is the person in the position that is
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| - The mortgage marketer: He only offers
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| | most important.
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| loans, and specializes in mortgage loans.
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| | Of this you can be sure: the expertise
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| The bank or lender he works for pays him
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| | and integrity of whatever consultant -
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| a commission (taux hypothecaire).
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| | taux hypothecaire you work with will make
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| Banks now hire local reps to be able to
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| | a big difference. Yes, there are expert
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| serve the clients better. A mortgage
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| | local bank branch representatives, expert
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| marketer will go to the client, but he is
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| | mortgage marketers and expert mortgage
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| still only works for the one bank that
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| | brokers. And then, there are many who do
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| hired him and is responsible for his
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| | not fully understand this field.
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| commission (based on the amount of the
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| | It is the person in the position that is
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| mortgage of the borrower.)
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| | most important.
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| - The mortgage broker: He offers the loan
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| | Mortgage brokering has become more
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| products of many lenders, specializes in
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| | popular
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| home loans and works only for commission
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| | A survey by the CMHC showed that in 2004
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| (paid by the lender).
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| | more than 26% of mortgage loans were
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| Mortgage brokers have existed for thirty
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| | financed with the help of a mortgage
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| years, but have only become a major
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| | broker (taux hypothecaire). In one way or
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| factor in the mortgage market over the
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| | another, it is the individual, his
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| last few years (taux hypothecaire).
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| | integrity and his expertise that will
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| Mortgage brokers work directly with many
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| | make the difference.
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| lenders (more than 30) so that they can
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