Your mortgage matters.
Are you in the process of getting a mortgage to purchase a home? Or is your current mortgage coming up for renewal? If you choose to use a mortgage broker or agent to help you, make sure they are licensed and ask them questions to understand the costs and the process.
5 questions to ask your mortgage agent or broker
Are you licensed by the Financial Services Regulatory Authority of Ontario (FSRA)?
How and when are you paid and do you get a commission from securing a mortgage?
What other fees/costs are involved and how are these paid?
What is the process I can expect when working with you as a mortgage professional?
Can you provide me with a simple explanation of the risks involved in securing the type of mortgage you are recommending for me?
- You may not be protected if you obtain a mortgage through unlicensed individuals or companies.
- Check the licensing status of your mortgage broker / agent
View this guide for more questions to ask your broker or agent:
Learn how FSRA protects you
The Financial Services Regulatory Authority of Ontario (FSRA) is an independent regulatory agency. FSRA licenses and regulates all mortgage brokerages, brokers, agents, and administrators in Ontario to ensure compliance with Provincial laws and to protect homeowners.