Frequently
Asked Questions

How much does it cost to work with a Mortgage Broker?

In most cases, working with a Mortgage Broker costs you absolutely nothing. We are compensated by the lender, not the client. The only time you would for a Mortgage Broker’s services is if you’re looking for alternative financing, as these types of lenders do not typically compensate us..

What is the difference between working with a Mortgage Broker and going to the bank?

In contrast to working with an employee at a bank, who is limited to offering the bank’s mortgage products, mortgage brokers collaborate with multiple lenders, which allows for a comprehensive range of mortgage products tailored to meet the specific needs of the client.

As self-employed individuals, mortgage brokers are not bound by traditional bank hours. Most mortgage brokers work evenings and weekends, ensuring their clients’ convenience and availability when banks are closed.

Mortgage brokers are fully licensed and regulated, and ongoing continuing education is mandatory to maintain their license year after year. In contrast, bank employees are not licensed and receive training specific to their bank’s operations. 

What lenders do Mortgage Broker’s work with?

Mortgage brokers have access to a wide variety of lenders, including Major Banks, Credit Unions, Mortgage Finance Companies, Alternative (B) Lenders, and Private Lenders. There are very few lenders mortgage brokers do not have access to; Brokers really can do it all!

Who choose Verve?

Verve specializes in sharing expert advice and providing solutions that assist individuals in achieving their financial goals. We firmly uphold the principles of effective communication and transparency. Whether you are seeking to purchase, renew, or refinance your home, we will guide you through the mortgage process and identify a product that aligns with your specific needs. Our objective is to empower you with the necessary information to make informed financial decisions that benefit you and your family