Under most circumstances, it is free for you to use a mortgage broker to prepare your refinance. Lenders are always looking for new borrowers and are happy to work with brokers who can put together solid mortgage applications that make their vetting process easier.
Only in some cases when your credit is poor and you have to go to a private lender will a mortgage broker charge a fee.
In all other cases, mortgage brokers are free for you!
Not Your Average Mortgage Broker
My name is James Smythe and I am the owner of Dominion Lending Centres Central.
In the industry, I've been featured in the "I Love Mortgage Brokering" podcast as well as industry articles, and I've been a recipient of the Canadian Mortgage Profession Top 50 Brokers.
I'm proud to be highly regarded in the industry and to be able to serve my clients above and beyond.
Hundreds Of People Like You Have Trusted This Service To Get Their Refinance
And It Has Paid Off
"I have known James professionally now for 10 years. His dedication, attention and professionalism delivered to all my referrals has been incredible. I highly recommend James and I am open to accept a call, text or email as a reference."
"James is my "go to" person for my clients' mortgage needs. He has the experience, the reputation within the industry to get the job done for them! I have and will continue to recommend James."
"JD is one of the sharpest Mortgage Brokers I know. (And I know a lot of them) He has an incredible work ethic and a high degree of integrity. I would definitely recommend JD if you are looking for a Mortgage Broker."
"I have worked with James in the purchase of both my homes. Over the past 13 years he is the only person I have trusted to provide me with honest advice on decisions concerning my homes and mortgages. I have confidentially referred friends and family to James, as I know he always has his client’s best interests at heart. James has not only become a trusted advisor but a friend as well!"
"James and I have crossed professional paths many times over the past fives years. Every time we chat James demonstrates a level of integrity with his advice which sets him apart in the finance industry. Truly a pleasure to deal with."
"JD is very personable, easy to speak with and extremely knowledgeable. He takes time to explain even the smallest details so there are no questions. JD is quick to return calls, respond to emails and even texts. JD seeks out the best finance options at the best rates and ensures that monthly or biweekly payments fit within your personal budget limitations. He is both honest and transparent during every step of the process! I would highly recommend JD!"
There is no cost to use a mortgage broker, except in the most extreme cases, such as if you have very poor credit or have previously been bankrupt. Otherwise, my service is entirely free for you, from start to finish. That includes putting your application together, analyzing your finances, and contacting the right lender for you from over 20 lenders.
Mortgage brokers are independent from any bank or lender. They work directly for you throughout the whole process and provide a number of lender options (over 20 in my case). Rather than a bank, which only provides its own mortgage products, a mortgage broker provides a number of products from many lenders and banks.
Your bank representative and a mortgage broker both receive commission on the deal (from the lender – this is still free for you), so the real difference is that mortgage brokers provide the flexibility, range of options, and personal touch that a bank just can’t.
As with any mortgage application, having the choice and flexibility that comes from being able to select from many lenders vs. just one (i.e. your bank) gives you the opportunity to save money and have a better mortgage.
Banks are a business, which means that they aren’t going to outright reward you for being a loyal customer. A mortgage broker, on the other hand, is working directly for you – they don’t have loyalty to any one lender. That means that they can shop around to over 20 lenders all at once for you and secure the best mortgage for you.
By refinancing your mortgage, you can take out money on your mortgage at a lower rate and pay off debt (such as credit card debt) which is at a higher rate. Effectively, you are paying off debt at a higher rate with debt at a lower rate, which means you are saving money on the interest.
You fill out a simple 90 second application here:
This lets me know exactly what you are looking for as well as a bit more information about your specific situation. That allows me to know how to serve you best.
Once you fill out a 90 second application, you will hear back from me very shortly (typically within a few hours) so we can begin the next steps of putting together your application or answering any mortgage questions you may have.
If you're looking to get a refinance with a great interest rate, getting a mortgage broker is a terrific place to start.
Refinance your existing mortgage and get a lower monthly interest rate. A top mortgage broker will prepare your application for free, give you access to more lenders, and access great rates.