In almost all cases there is no fee or cost for using a mortgage broker. There are very few situations where a good broker will charge you a fee. The broker is paid a FINDERS FEE from the lender. This is how your broker makes his money. He has to insure the lender has all the paperwork and your lawyer has everything he needs to finalize your mortgage. Once you have your mortgage, then and only then does the broker get paid.
After 20 years in the Canadian mortgage business I have written 3 books on the 3 areas that I find my clients ask me about the most. Each book is Free in a digital format or you can order a printed copy at www. Amazon.com or www.Amazon.ca. The books are designed to answer your questions and concerns. You can also contact me with any questions you may have. Please click on the book you want below.