Top 8 Mortgage Brokers in Fredericton
Applying for a mortgage through a mortgage broker can be very beneficial for borrowers, as brokers can compare the mortgage rates offered by different lenders in the New Brunswick market to find the best rates for them. Furthermore, they do not charge borrowers for their services and are instead paid a commission by the lender. In New Brunswick, mortgage brokering is a licensed profession overseen by the Financial and Consumer Services Commission of New Brunswick (FCNB) under the Mortgage Brokers Act. Listed below are some of the best online and local brokerages serving Fredericton.
Quick Picks 💡
- 8Twelve Mortgage: 8Twelve is a Toronto-based brokerage with offices across Canada, including one in Fredericton. This is ideal for Fredericton locals looking for competitive rates and in-person services.
- DLC National Ltd: This brokerage is a part of the Dominion Lending Centres broker network and has access to rates from over 90 lenders across Canada, enabling them to offer some of the best mortgage rates.
Top Mortgage Brokers in Fredericton
Fredericton Online Brokerages with Competitive Rates
Headquartered in Vancouver, The Mortgage Group is one of Canada's most expansive brokerages, providing its services from coast to coast. The brokerage was founded in 1990 and has evolved into a network of over 1,900 mortgage professionals across Canada. Prospective borrowers can locate a TMG broker in their vicinity through the brokerage's website and reach out to them directly. Borrowers can choose to meet with the broker and apply in person, or they also have the option to apply over the phone. Borrowers can also apply directly through TMG's website, and the website also offers users a range of tools, calculators, and resources.
Local Fredericton Mortgage Brokerages
Front Gate is an insurance, investment and mortgage company founded in Fredericton in 2005. The company has clients across the maritime provinces of Canada and has a second office in Moncton, NB. The mortgage division of the company is a part of the Mortgage Alliance broker network and works with over 50 lenders to provide both residential and business loans. Borrowers looking to get residential mortgages can apply directly through the company’s website or contact them via phone or e-mail.
8Twelve is a national brokerage based out of Toronto that has offices in all Canadian provinces and in the territory of Yukon. Their Fredericton office services all of New Brunswick. The brokerage has over 65 lending partners and offers all types of mortgage solutions, including equity takeout, construction financing and debt consolidation. To contact the brokerage, borrowers can call their toll-free number or click on the ‘Let’s Talk’ link on the website and submit their information.
Plume Financial Services Inc. is a Fredericton-based company offering mortgage solutions as well as other financial services such as investments, insurance and wealth protection. Borrowers looking to get a mortgage can contact the brokerage through phone, LinkedIn, or Facebook. Alternatively, they can schedule a web conference call with the brokerage through their website.
Premiere Mortgage Centre is a Maritime-based brokerage with a local Fredericton office and a team of mortgage brokers and associates. Part of The Mortgage Centre network, the brokerage is licensed by the FCNB and serves clients across New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland, and Ontario. Borrowers can apply online, by phone, or in person, and the brokerage works with a wide range of lenders to find competitive rates for purchases, renewals, refinances, and debt consolidation.
The Piers Group is a Fredericton-based mortgage practice led by mortgage associate Mark Piers, operating under the Mortgage Edge brokerage. Licensed in New Brunswick, Ontario, and Nova Scotia, the brokerage works with a broad panel of lenders — including major banks, credit unions, and monoline lenders — to arrange financing for first-time buyers, renewals, refinances, self-employed and new-to-Canada borrowers, investment properties, and debt consolidation. Borrowers can apply online, by phone, or in person, and get a fast pre-approval through the brokerage's website.
Mortgage Broker Networks in Canada
Many independent brokerages in Canada are a part of mortgage broker networks that operate on a franchise model. These networks provide several tools and resources to the brokers in the network and are often able to leverage their sales volumes to negotiate lower rates with lenders.
Dominion Lending Centres (DLC), a prominent broker network in Canada, has around 2,900 mortgage professionals. Partnering with more than 90 lenders, DLC can provide some of the most competitive mortgage rates in the market. DLC National Ltd. is a brokerage with multiple offices in Canada, one being in Fredericton. The network equips brokers in the network with various tools and resources, empowering them to deliver excellent customer service.
Founded in 1989, The Mortgage Centre is a broker network based in Mississauga that extends its services beyond residential and commercial mortgages to include equipment leasing and insurance solutions. With over a hundred lending partners, the brokerage aims to secure the best deal for each client. Borrowers can also download their mobile app, MCC Home Centre, and apply to get prequalified in less than 60 seconds.
About Mortgage Brokers in Fredericton
To become a mortgage broker in New Brunswick, individuals are required to complete the New Brunswick Mortgage Associate Course and pass its examination. Subsequently, the individual must work as a mortgage associate for at least 24 months and complete the New Brunswick Mortgage Broker Education Program. After passing the examination for this course, an individual can apply for a mortgage broker licence with the Financial and Consumer Services Commission of New Brunswick (FCNB).
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