Top 10 Mortgage Brokerages in Barrie

WOWA® Simply Know Your Options

Mortgage brokers work on behalf of borrowers to scout for the best available mortgage rates and deals in the market. As they have access to many lenders, they can negotiate the best deal for their clients. As the primary urban hub of Simcoe County, Barrie sits along Kempenfelt Bay and represents one of the most rapidly expanding regions in Ontario. The city has seen a surge in interest from GTA-based purchasers, drawn by its convenient GO Transit links to Toronto and a comparatively accessible real estate market. While property values in Barrie are typically more affordable than in the Greater Toronto Area, securing a competitive interest rate remains vital, as even minor variations can lead to significant long-term savings. Engaging a knowledgeable local mortgage professional is key to navigating this landscape. The following firms represent some of the most prominent brokerages operating in Barrie.

Butler Mortgage

Butler Mortgage, founded by industry commentator Ron Butler and operating since 1997, is a leading mortgage brokerage in Canada that serves borrowers throughout Ontario, including Barrie. What sets Butler apart is that it gives back most of its commission to "buy down" the client's interest rate, and it is the only provider in Canada that tracks every prime lender publicly advertising fixed rates, more than 350 in all. That combination lets it guarantee a rate in the best 1% in the country, and also offers free appraisals. The entire process is handled online and over the phone from anywhere in the province.

Butler Mortgage offers several guarantees to back up its low rates. Its Up-Front Rate Guarantee means that if you find a lower rate, Butler Mortgage will beat that rate or give you $500 at closing; once you are approved, it keeps watching for lower rates and rebooks yours if one appears before closing. Types of financing offered include:

• Home purchase mortgages
• Renewals and transfers
• Refinancing
• Construction and Purchase Plus Improvements

• Second mortgages and home equity solutions
• Self-employed mortgages and low-documentation mortgages

Joe Purewal Mortgages

Joe Purewal Mortgages is an award-winning mortgage brokerage with more than two decades of experience, serving clients throughout Ontario, including Barrie, the GTA, and surrounding areas. With more than 20 years of experience, the team reports having helped over 10,000 clients and has earned more than 950 five-star Google reviews.

The team is known for solving difficult mortgage challenges, specializing in bank declines, self-employed income, credit challenges, second mortgages, private financing, tax arrears, and debt consolidation. The team also assists with standard purchases, renewals, refinancing, investment properties, and pre-approvals. Borrowers can reach the team by phone, email, or through an online inquiry.

True North Mortgage

True North Mortgage is a Calgary-based brokerage that has been around since 2006 and operates as a hybrid bank-and-brokerage, with retail store locations across Canada and full online and phone service that reaches Barrie borrowers. Its Ontario stores include downtown Toronto and Square One in Mississauga. The brokerage's agents are salaried rather than commissioned, which the company says helps ensure unbiased advice.

True North provides a lowest-rate guarantee, promising to match or beat any lower rate offered by another brokerage, or to compensate clients with $500 at closing if it cannot. Through its in-house lender THINK Financial, it also offers a product called 'Rate Relief' that provides a low fixed rate for six months, after which borrowers can renew with THINK Financial or pay a 1% fee. Apart from new home mortgages, True North also offers:

• Pre-approval
• Refinancing
• Renewals and transfers
• Purchase Plus Improvements
• Newcomers to Canada

• Vacation and secondary homes
• Investment properties
• HELOCs
• Reverse mortgages

TMG The Mortgage Group

TMG The Mortgage Group is one of Canada's largest independent full-service mortgage brokerages, Canadian-owned and operated since 1990, with a coast-to-coast network of more than 1,900 mortgage professionals, several of whom serve Barrie and Simcoe County. Working with over 50 lenders and a suite of proprietary tools to source and manage financing, the brokers are able to find the best-suited product for every customer's needs. TMG offers pre-approvals guaranteed for 120 days, and if rates fall before closing, it passes the lower rate along.

The Mortgage Wellness Group

430 Essa Road

Barrie, ON

The Mortgage Wellness Group is a Barrie-based mortgage brokerage serving homebuyers, homeowners, self-employed borrowers and real estate investors. Its team includes more than 40 mortgage brokers and agents, and the firm has closed over 7,000 mortgages and helped fund over $3 billion. The brokerage compares rates, terms and features from multiple lenders and assists with first-time home purchases, construction financing, refinancing, debt consolidation, investment properties and financing for borrowers with non-traditional income. Its motto, "Helping Families Live Better," reflects its focus on personalized guidance throughout the mortgage process. Borrowers can contact the team by phone, email or through its online application.

Lighthouse Lending

55 Mulcaster Street, Suite 330

Barrie, ON

Lighthouse Lending is an Ontario mortgage brokerage with offices in Barrie and Toronto. The firm has a particular focus on equity-based and time-sensitive financing, including stopping a power of sale, resolving mortgage arrears, refinancing and accessing home equity. Its services also include HELOCs, home equity loans, second mortgages, reverse mortgages, renewals and debt consolidation. The team works with homeowners facing credit, income or qualification challenges and emphasizes clear explanations of financing options, costs and risks. Borrowers can apply online, call the brokerage or visit its downtown Barrie office.

Mortgage Sense Inc.

11 Bradford Street

Barrie, ON

Mortgage Sense Inc. is a long-established independent Barrie brokerage, with a compact, hands-on team of agents. The team assists clients with home purchases, mortgage pre-approvals, renewals, refinancing and other residential financing needs. Its approach emphasizes personalized advice, local market knowledge and access to mortgage options from a range of lenders. Borrowers can contact the Bradford Street office by phone or email, submit an online application or access documents and services through the firm's client portal.

Anthem Mortgage Group

387 Mapleview Drive West

Barrie, ON

Anthem Mortgage Group is a family-run Barrie mortgage brokerage that has operated in the community since 1990 and is an independently owned member of the VERICO network. The firm assists with first-time purchases, renewals, refinancing and residential mortgage financing, while also offering experience with investment-property mortgages. Its team compares products from a broad lender network and helps clients assess financing in relation to their financial and investment goals. Anthem has also been voted Barrie's best mortgage brokerage for seven consecutive years. The firm is also visibly rooted in the community as a proud supporter of Big Brothers Big Sisters of Barrie and District. Borrowers can visit the Mapleview Drive office, call, or apply online.

Several mortgage broker networks in Canada are made up of independently operating brokerages that share access to the rates, resources, and tools the network provides. By joining a network, brokerages can access rates from many lenders without partnering with each one individually, and can receive support with technology, marketing, and training. Several brokerages serving Barrie operate under these national networks. Below are two of the largest, each represented by a member firm that serves the Barrie area.

Mortgage Alliance

Mortgage Alliance Office in Barrie:

Customized Mortgage Strategies

11 Bowman Avenue,

Barrie, ON

Mortgage Alliance is a large, established Canadian mortgage network founded in 1999 and part of M3 Financial Group, one of Canada's leading non-bank mortgage originators. Through its "one application, all your options" approach, Mortgage Alliance brokers can compare products from a broad network of lenders while generally requiring only one credit check.

CENTUM

CENTUM Office in Barrie:

CENTUM Mortgage Exchange Inc.

355 Bayfield Street,

Barrie, ON

CENTUM is a national mortgage network with more than 2,200 mortgage professionals in offices across Canada, each independently owned and operated. Member brokers draw on the network's lender relationships, tools, and marketing support, and have access to more than 50 lenders. The network has been active for over 25 years and helps over 15,000 Canadians get mortgages every year.

Mortgage brokering is a licensed profession in Canada, with provincial regulators overseeing brokers and agents. In Ontario, the Financial Services Regulatory Authority of Ontario (FSRA) regulates the industry. To become a mortgage agent, applicants must be at least 18, reside in Canada, complete an FSRA-approved education course and exam, and be sponsored by a licensed brokerage. New agents begin with a Level 1 licence, then may complete additional education and gain experience to advance to Level 2 and eventually qualify as a mortgage broker, which includes supervisory responsibilities. Brokerages must also pay annual regulatory fees, carry errors and omissions insurance, and comply with FSRA standards.