New Calgary Mortgage Broker Referral Service

Calgary, Canada, April 20, 2011 --( is a new Calgary mortgage broker referral service. Working with many mortgage brokers in the Calgary area, can help you find the right fit for you particular mortgage needs.

Often, people confuse mortgage brokers with lenders. A Calgary mortgage broker offers the loan products of various lenders, while a lender provides the actual loan money to the borrower. Essentially, a mortgage broker is a loan provider who serves as a liaison between borrowers and lenders. A broker can work within a firm or independently.

A mortgage broker works as a conduit between the buyer and the lender, the loan officer typically works directly for the lender. In most places it is required for the mortgage broker to be licensed. Most have a license for those who wish to be a "Broker Associate," a "Brokerage Business," and a "Direct Lender."

Calgary Mortgage brokers that work with, work with borrowers throughout the entire loan process until the deal is closed. Overall, they’re probably a lot more available than loan officers at retail banks, since they work with fewer borrowers on a more personal level.

Once the mortgage broker has all the important details, they can assess what would work best for the borrower. This may include setting an appropriate loan amount, loan-to-value, and determining which loan type would be ideal for the borrower. Of course, the borrower can decide on all these things themselves if they so choose. and their Calgary mortgage brokers are just there to help.

Although the Calgary mortgage broker charges a fee for this service, most borrowers will still save money by using a broker, as the broker is performing services which would otherwise be performed by employees of the lender. Assuming that the Calgary mortgage broker's fee is reasonable, the fee is often less than the lender would charge for those services. Assuming the mortgage broker also obtains a better rate than is otherwise available to the borrower, there are again cost savings to the borrower.

The most basic advantage of and their Calgary mortgage brokers is that they save you from approaching the various lending institutions yourself, a laborious and sometimes undignified task. You fill out an application stating your assets and earnings, and based on your financial details, the mortgage brokers will scout the market for the best mortgage.

For more information about this and other services offered by this new Calgary mortgage broker referral service. please visit their website:

Alexander Tretjakov