Frequently Asked Questions (FAQ)

Is there a cost for using your mortgage broker service?

We do not charge you anything at all except in extreme credit cases (for example, if you have previously been bankrupt or have major delinquencies). Otherwise, using a mortgage broker to help with your mortgage is completely free – sit back, relax and let us do the hard work for you.

Mortgage broker vs bank - what's the difference?

A mortgage broker is an independent professional who works directly for you. We work with over 45 lenders, so we literally have access to thousands of mortgage products – meaning we can pick the right one for you. On the other hand, your bank only serves their own products. Both bank representative and mortgage brokers would be paid a commission on your file. So the real difference is the flexibility and range of options that a mortgage broker can bring you, compared to your bank.

What makes you different?

Aside from the fact that we belong to the #1 mortgage company in Canada – which means we can help you secure the best deals out there – we are the only ones in Southern Ontario that shows you the hidden costs buried in your mortgage upfront – so you don’t get stuck with a terrible mortgage that will end up costing you thousands of dollars, just to save 0.1% on the rate. This is because we use unique methodology that we created ourselves to achieve this.

What is your best rate?

Important to note, the mortgage with the best rate may contain tens of thousands of dollars of hidden fees – so it may not end up being the cheapest. Secondly, unlike other services out there, we don’t play the ‘bait and switch’ game, we post the most competitive rates but you must actually qualify for it – in just 90 seconds. For more on this see our mortgage rates page.

Do you just serve just Southern Ontario?

No, while we are based in Toronto and Niagara, we are licensed to serve all across Ontario. Our brokerage being in Toronto – the financial services capital of Canada – gives us close access to all the best lenders, so we might be able to find you a deal that you can’t find elsewhere. But we serve all across the GTA and Ontario: from our Brokerage main office in GTA to our satellite offices in Niagara and Southwestern Ontario – we have you covered with a great mortgage deal no matter where in the GTA or Ontario you live.

What type of mortgages do you provide?

Absolutely everything – you name it, we’ve done it. From purchases, pre-approvals, refinances, renewals, commercial, investment properties, reverse mortgages, bad credit mortgages, second mortgages, property tax arrears to construction loans – you name it and we’ve done it. Dominion Lending as a company has completed more than $30 billion in mortgages in the last 12 months.