Mortgage Rates BC - How Mortgage Brokers Get Paid - What are Broker Fees
The Mortgage Group Canada Inc.

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  The Bank Pays Mortgage Brokers
  

• For Conventionalor Bank Lending the lenders pay a percentage of the overall mortgage based on the size of the loan. The actual amount paid to Mortgage Brokers varies by the lender and product, but is based on the mortgage amount and not on the interest rate arranged on your behalf. Because compensation is tied to mortgage size rather than rate, clients are assured that Brokers give the best rate to their clients.

• Mortgage Broker Charges the Borrower a Broker Fee

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  In cases where private financing or commercial financing is arranged, or where there are complex financing situations, a Broker fee may be charged, but ALWAYS with the client's consent. These fees can range from 2% to 5% and in more challanging cases even higher.

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  How the Broker Fee is Disclosed to the Borrower
  

• In both cases you will be given a Borrowers Conflict of Interest Disclosure Statement or Form 10 – Section 17.3. This form discloses to you the relationship between you the Mortgage Broker and the Mortgage Broker to the Lender as well as discloses any and all compensation that the Mortgage Broker will receive.
  

  Mortgage Rates BC strive to take their clients individual mortgage needs and match them with the best Canadian Mortgage Lenders and their Mortgage Product. No matter if you are looking for today’s Discounted Mortgage Rates, are Self Employed, a First time home buyer, Refinancing, Renewing, Switching or have a more challenging Mortgage request such as Private 1st 2nd or 3rd Mortgage, Mortgage Rates BC is here to Help.

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Mortgage Solutions

No matter where you live, Mortgage Rates BC can help provide you with the right Mortgage Solution for now and for your future.   Are you looking to Buy your First Home in Vancouver BC or Refinance your current mortgage in Kelowna BC or Consolidate Debt  in Victoria BC we have the tools to get the job done for you no matter where you live.
We have the experience to handle the most difficult residential refinancing too. If you need Private Mortgage Help in Surrey BC or a 2nd Mortgage in Burnaby BC or if you are facing a possible foreclosure in Richmond BC, Mortgage Rates BC has the knowledge to inform you of your options and the lenders that have tailor made solutions to Help.
We are just a click away on our Contact Application or by phone at 778-839-3963. Call or Click today and let us handle your Mortgage request for you and have the peace of mind knowing you have a professional on your side.