The prospect of loading up with debt to buy a home is daunting to most Canadians – and doubly so for first timers. Which is why it’s crucial to have an expert to depend on for good mortgage advice. While most lenders have well-trained in-house consultants to support their clients through the application and approval process, many borrowers turn to independent mortgage brokers to gain a broader view of their options before committing to a specific lender.

The Canadian Association of Accredited Mortgage Professionals (CAAMP) points out that mortgage brokers work for both the borrower and the lender. Brokers are paid a commission by the lender and act as a bridge between the two until an agreement is concluded.

In 2004, CAAMP launched the Accredited Mortgage Professional (AMP) designation for Canada’s mortgage brokers as part of its ongoing commitment to increase the level of professionalism in the industry. One of the first pieces of advice that Angela Calla, an AMP at Dominion Lending Centres, gives new clients is to assess the credentials of mortgage lenders in the same way they would evaluate an investment adviser. “Let’s say you’re going to get a mortgage for $300,000. Approach it as if you were going to invest $300,000,” she says… Read the full article HERE.

Contact The Angela Calla Mortgage Team 604-802-3983 callateam@dominionlending.ca