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How Do Mortgage Brokers Get Paid in Canada?
Posted by Infinity Admin on
When purchasing a home, one of the first steps is finding out just how much mortgage you can afford. The mortgage amount is determined on several factors, such as how much debt you carry, what your income level and if you pass the mortgage stress test. Prospective buyers often consult with a number of lenders to find the best mortgage rate available. This is where mortgage brokers come in. There are many benefits of using the services of a mortgage broker, including that the buyer doesn’t receive a bill for this service. So, how do mortgage brokers get paid?
What is a Mortgage Broker?
A mortgage broker is an intermediary who links borrowers to potential lenders to assist the borrowers in obtaining the best possible…
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