How do Mortgage Brokers Make Money?

how do mortgage brokers make money

Mortgage brokers do a lot of heavy lifting when it comes to calculations, filling in approval request forms and finding the best rates. They can’t work for free however so today we ask – How do they really make money? Commission A broker who is also an independent provider will have access to a few…

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What Are Closing Costs?

closing costs

Closing costs are a vital part of the home buying process and include all the expenses to complete the acquisition of a property. Of course, these costs will vary depending on your location as well as your own unique situation. In general, closing costs can go from 3 – 6% of the overall price of the…

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What’s A Home Equity Line of Credit?

home equity line of credit

A home equity line of credit is essentially a loan that’s given where the equity in your home is used as collateral. The homeowner is given a total amount they are able to lend via the line of credit, and can withdraw money from it as needed. The credit is repaid based on the agreed…

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How Mortgage Rates Are Determined


There are a variety of factors that go into how mortgage rates are determined. A mortgage is a loan that may be used to buy property, construct or buy a building, consolidate debt, or make a large purchase. A mortgage rate is the amount of interest you pay for borrowing money for an extended amount…

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Can a Drug Possession Charge Affect Your Mortgage Application?

drug record

If you’re looking to get a new mortgage for your home or recreational property, a drug possession charge very well could come into play. While every mortgage lender will have different policies, in general, most will require a criminal background check to be conducted. If your drug possession charge is still on your record then…

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Our New Site is Live

home refinancing mortgage

The Find a Better Mortgage team has been working hard and is proud to announce that our new site is live! We hope it will be even more effective at helping Canadians find the right mortgage for their needs than in the past. If you have any recommendations, questions or comments, please don’t hesitate to…

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