A mortgage broker is a licensed professional who can negotiate the best mortgage for you by comparing all the offerings from multiple lenders, including banks, credit unions and trust companies, as well as alternative and private funding specialists. In other words, the mortgage broker acts as an intermediary between the borrower and the lender.

Important: The term ‘mortgage broker’ doesn’t mean the same thing across Canada. While many licensed mortgage professionals can call themselves brokers in most provinces, the term is very specific in Ontario. In order to become a mortgage broker in Ontario, you must first be a mortgage agent. Becoming a broker means that, in addition to being an intermediary between mortgage borrowers and lenders, with additional education, a licensed broker can also act as a principal broker at a mortgage brokerage or supervise mortgage agents.

nesto is Canada’s first digital mortgage lending platform, with a dedicated team of qualified mortgage experts supported by advanced technologies. We are a proud Canadian company with mortgage experts from across the country with our head office located in the Golden Mile Square in Montréal. nesto is on a mission to offer a positive, empowering and transparent property financing experience, simplified from start to finish. Powered by the most advanced technology, we screen the whole market in seconds to find you the lowest rates while our commission-free mortgage experts provide unbiased support and advice.

The number one differentiator between banks and mortgage brokers is that mortgage brokers offer more choice. That’s because brokers have access to multiple product lines from a wide variety of lenders – including banks, credit unions, trust companies, alternative lenders, private funders, etc.