Top 6 Mortgage Brokerages in Sarnia
Rather than selling one lender's products, a mortgage broker takes a single application and compares rates across banks, credit unions, and alternative lenders to find the best fit. Sarnia sits at the southern tip of Lake Huron on the St. Clair River, across from Port Huron, Michigan, and its economy is anchored by the petrochemical and refining plants of Chemical Valley. The region has a variety of property types, including cottages and waterfront homes along the Lake Huron shoreline. These are the kinds of files that lenders can treat very differently, which is where a broker's wider lender panel helps. Below are some notable brokerages serving Sarnia borrowers, from online brokerages to firms with a Sarnia office.
Quick Picks 💡
- 1Butler MortgageA Toronto brokerage in business for over 25 years that compares more than 350 lenders, offers to match a lower rate or pay $500 at closing, and can complete a mortgage entirely by phone from anywhere in Ontario.
- 2Frank MortgageAn online brokerage that lays out the products and rates borrowers may qualify for across its lender partners, and regularly runs rate discounts or cash-back promotions for online applicants.
Sarnia Mortgage Brokerages at a Glance
Sarnia Online Brokerages with Competitive Rates
Based in Toronto, Butler Mortgage has more than 25 years of experience arranging mortgages, and because its process runs by phone, it can work with borrowers anywhere in Ontario, Sarnia included. The brokerage's website suggests it monitors the rates of every major prime lender and compares more than 350 lenders on a client's behalf. While its Ontario offices are in Toronto, Hamilton, and Ottawa, a Sarnia-Lambton borrower can complete the entire application without visiting one.
Butler pairs its pricing with an Up-Front Rate Guarantee as well as an After-Approval Rate Guarantee. Its financing options 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 has spent more than two decades in the mortgage business from its GTA base, and clients can connect with the team by phone, email, or online form. The brokerage has ranked among the top performers of the Invis broker network for many years. The brokerage has helped more than 10,000 clients secure financing.
Joe Purewal Mortgages specializes in files that banks hesitate on, such as bank declines, self-employed income, credit issues, tax arrears, private financing, and debt consolidation. The brokerage also arranges standard purchases, renewals, refinances, investment property mortgages, and pre-approvals.
Launched in 2021, Frank Mortgage is a Toronto-based online brokerage that lets borrowers handle the mortgage process digitally, from application through closing. A proprietary algorithm matches each applicant with the products and rates they may qualify for across Frank's lender partners, instead of nudging them toward one lender. Once an application comes in, Frank Mortgage assigns a mortgage advisor to follow up and explain the options.
Online applicants can often take advantage of rate discounts or cash-back specials offered by Frank Mortgage. The brokerage handles all kinds of mortgages, including new purchases, refinances, and renewals. Borrowers can either work through the process online on their own or book a free phone consultation.
BRX Mortgage is a national brokerage, founded in 2021, that operates in Ontario under FSRA licence #13463. The brokerage describes itself as a virtual brokerage and is licensed in nine provinces. The brokerage agents work independently while having access to the brokerage's rates, tools, and coaching.
Sarnia borrowers are served through a local agent working out of an office on Exmouth Street. Borrowers can meet with BRX's local agent in person, including on weekday evenings and Saturday afternoons, or work purely by phone and email.
Local Sarnia Mortgage Brokerages
The Mortgage Wellness Group's Sarnia office is part of a Barrie-headquartered brokerage with about 60 mortgage specialists, including more than 40 agents, across nine locations from Sarnia to Ottawa. The Sarnia office is a member of the VERICO broker network, operates under licence #11970, and has a local team of two mortgage brokers, four mortgage agents, and a client experience coordinator. Each client works with a local broker backed by a dedicated support team that handles processing, which the brokerage says makes approvals faster and more efficient. The Sarnia team arranges purchase mortgages, renewals, refinances, and home equity loans, and clients can book a chat online or apply through the office's online application. Its Google listing shows a 5.0 rating across more than 100 reviews.
Sherwood Mortgage Group is a Toronto-based brokerage that operates under the Mortgage Architects banner (licence #12176). Its Sarnia-based office, Erin Hamilton & Associates, serves borrowers in Sarnia, Strathroy, and Grand Bend. Through Sherwood, borrowers can access lenders offering rates not available to the general public, along with some pricing exclusive to the brokerage. The Sarnia office offers free consultations and aims for pre-approvals within 24 hours, depending on the borrower's situation.
About Mortgage Brokers in Ontario
Ontario's mortgage brokers and agents are licensed by the Financial Services Regulatory Authority of Ontario (FSRA), which also oversees the brokerages that sponsor them. Agents begin at Level 1 and can progress to Level 2, and then a full mortgage broker licence through additional education, and every licensed brokerage is required to hold errors and omissions insurance.
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