October 5, 2021

How To Choose The Best Mortgage Broker: 5 Top Things To Consider

A young couple sits together with their mortgage broker reviewing some documents

Whether you are a first-time homebuyer or an existing homeowner who wants to access the equity in your home, it only makes sense to find the right mortgage broker to help you with the entire process. If you find yourself in search of a mortgage broker, you might not know where to begin. The search can be overwhelming and if you are faced with a stressful situation and need fast funding, you might not have much time to do the proper research. We’ve put together this list of the top things to consider when searching for the right mortgage broker.

1. Choose Someone Who Specializes in What You’re Looking To Do

Not all mortgage brokers are created equal. Some mortgage brokers have training in specialized areas, so it makes sense to choose someone qualified to handle your particular situation. 

For example, if you are at risk of losing your home due to missed mortgage payments or mortgage arrears, then you will want to make sure that they specialize in Stopping a Power Of Sale. Stopping a Power of Sale on a home can be a complicated process unless you have an experienced individual to guide you through the process. With the proper steps taken, the mortgage broker will ensure that you remain in your home and have a plan in place to secure financial stability for the future.

Similarly, you might be looking to consolidate debt due to maxed-out credit cards or an overextended line of credit, so finding the right mortgage broker who can handle the process of reorganizing and refinancing your current debts is in your best interest. Most people need a quick solution to their debt problems, especially if creditors are calling, so securing a debt consolidation loan from a reputable mortgage broker should be a priority. An experienced broker has the ability to act fast, get creditors off your back and provide a quick and easy solution so you can get back on track and focus on other areas of your life.

Finally, for homeowners who have been turned down by the bank due to poor credit or little to no income have a greater chance at securing a mortgage loan through a subprime mortgage broker. Many of these brokers have the skills and experience in dealing with unique and complex applications. If this is you, then finding a subprime mortgage brokerage will be your best option.

2. Check Out Their Reviews and Online Reputation

Search them online! If they don’t have a LinkedIn profile or strong online presence, that’s a huge red flag. Prominent mortgage brokers will at the very least have a website. Visit their site and read about what they offer, read any reviews from past clients and learn about what services they offer. View the company’s About Us or Team page to get a sense of who you will be working with.

3. Is The Brokerage Registered With the Better Business Bureau?

It’s a good idea to check with the Better Business Bureau to assess whether or not the broker has a sound reputation. Businesses with BBB accreditation means the business has met all the requirements to be granted accreditation status including completing an application form, undergoing a thorough business check, and meeting the BBB’s standards. The BBB rates businesses from A+ to F based on a 17 point scale, so if the mortgage brokerage has a high score, then you can feel good about your decision to enlist their services.

4. Ask Them About Past Clients in Similar Situations

The brokerage’s approach to clients’ needs is very important and they should be dedicated to a high level of customer service. Ask the mortgage broker if they have helped others with the same borrowing needs. Check their website for any case studies or testimonials. Take time to read them and become inspired by the various success stories and happy endings. The mortgage broker should have your best interest at heart – if not, look elsewhere!

5. Pick Someone Who Has Done Work Before in Your City or Area

Sometimes it makes sense to deal with someone who lives and works in your area. If you are purchasing property for example, it can make sense to work with someone who is familiar with property values and any other particular details specific to that city. For others, having a local mortgage broker is ideal because they will most likely have a strong connection with the community and can offer a more personalized approach to handing an application.


Mortgage Brokers are becoming increasingly popular over banks and credit unions because of their ability to access a large number of lenders to secure the best rates. Banks on the other hand can only offer their own products, leaving them limited to the lending options they can offer to clients. Having access to multiple lenders is a major advantage as they can rate shop on your behalf, thus streamlining the application process. 

If you don’t have anyone your inner circle that can provide a referral, then by following these 5 tips, you’ll be sure to find the right individual that suits your needs. Don’t be afraid to ask questions and do a thorough search online. If you’ve done your research properly, then you should feel confident that you have chosen the right person to work with. If you have any reservations about the individual upon the first interaction, then simply look elsewhere.

Having a strong relationship with your broker is important in making sure they understand your unique needs and can provide the right advice. After all, it’s your financial wellbeing that is the greatest priority, so having an experienced person on your side who is dedicated to your needs is the most important.

At Burke Financial, we take time to listen to your unique needs and won’t give up until we find the best solution for you. To start with an initial Discovery Session to explore your options, call our trusted team to get started.

Share:-

We proudly serve homeowners across Ontario.

Burke Financial works with homeowners in communities across Ontario, providing mortgage solutions tailored to each region’s needs. Whether you’re located in a large city or a smaller town, our team understands local real estate markets, property values, and financial challenges unique to your area. We focus on delivering fast approvals, flexible repayment options, and alternative lending access where traditional banks fall short.

Contact Us
Today

Have questions about your mortgage options? Burke Financial is here to help. We offer fast, flexible lending solutions to homeowners across Ontario, whether you’re consolidating debt, funding a renovation, or navigating credit challenges.

Our licensed team specializes in alternative lending, with most approvals completed in just 24 hours. You’ll receive clear guidance, quick communication, and a personalized plan that fits your financial goals.

Contact us today for a free consultation and take the first step toward the right mortgage solution for you.

Apply Now

how easily clients can contact Burke Financial’s mortgage team
Call Now Apply Now