Top 10 Mortgage Brokerages in Surrey
Working in the interest of borrowers, mortgage brokers shop for the best mortgage rates available in the market on their behalf. Because brokers work with multiple lenders, including banks, credit unions, and mortgage-only lenders, they can often find rates that borrowers would not be offered by going directly to a single institution. Their service to borrowers is free of cost, as they receive a commission from the lender upon closing. Surrey is one of British Columbia’s fastest-growing cities, and homebuyers there have access to a strong mix of national digital brokerages and experienced local teams. Listed below are some of the top online and local mortgage brokerages serving Surrey, British Columbia.
Quick Picks 💡
- MortgagePal: MortgagePal is a leading online brokerage based out of Vancouver. The brokerage suggests that its online format helps it save thousands of dollars for its clients.
- Butler Mortgage: Butler Mortgage has decades of experience under its sleeves. The brokerage tracks mortgage rates from over 350 Canadian lenders to provide the best rates to its clients. They offer their clients the lowest rate guarantee and an after-approval rate guarantee.
Top Mortgage Brokers in Surrey
Surrey Online Brokerages with Competitive Rates
MortgagePal is a brokerage based out of Vancouver that offers an easy online application process to borrowers. Borrowers can either apply through MortgagePal’s website or contact one of their agents directly using the contact information provided on the website. Borrowers can also fill out the contact form available in the contact section of the website. After submitting the application, an agent contacts the borrowers with multiple lender options to choose from. Once a preferred lender is picked, the brokerage works to get quick approval.
With a team of over 30 mortgage agents, MortgagePal works with many lenders, which include banks, credit unions, and mortgage-only lenders. The brokerage suggests that because of being an online broker, they are able to save thousands of dollars in interest for their clients.
A leading Canadian brokerage with a strong presence in western Canada, True North Mortgage was founded in the year 2006. The Calgary-based brokerage has 11 offices across Canada, from Halifax in the east to Vancouver in the west. The nearest office to Surrey is in Burnaby. Borrowers have several ways to contact the brokerage apart from visiting them in person and applying online. They can call, email, request a callback, or submit an online inquiry. In addition to these, the brokerage also offers a unique service called mobile brokers in the Greater Vancouver Area. Mobile brokers have flexible hours and meet you at your selected location and time.
True North Mortgage suggests that their clients save $3,000 in interest due to the low rates offered by them. To back their low rates claim, the brokerage offers a low-rate guarantee to its clients.
A unique offering by True North Mortgage is a product called ‘Rate Relief.’ In the current environment of increased interest rates, this product aims to provide a temporary respite. Borrowers can get a mortgage at a fixed rate much lower than the ongoing market rates for a term of six months from the brokerage’s in-house lender THINK Financial. After the six-month period, borrowers can either renew their mortgage with THINK Financial at the ongoing interest rates or pay them a 1% administration fee.
True North Mortgage offers the following services:
- New Mortgage
- Pre-approval
- Refinance
- Renewals and Transfers
- Mortgage Porting
- Purchase Plus Improvements
- Newcomers to Canada
- Vacation and Secondary Homes
- Investment Properties
- Non-Resident Mortgage
- HELOCs
- International Home Purchases
- Self-Employed Mortgages
- Reverse Mortgages
CanWise started out as a brokerage in 2014 and became a lender in the year 2020. The brokerage arm of the company was subsequently renamed Ratehub.ca in 2022. CanWise currently offers its mortgages only through Ratehub.ca. The brokerage offers mortgage products from over 20 lenders. Borrowers can check out CanWise rates and products.
The various mortgage solutions offered by the company include:
- Mortgages for buying
- Renewing
- Refinance
- Vacation/Second Home
- Newcomers to Canada
- Divorce
- First-time homebuyers,
- Business / Self-employed buyers
CanWise Lending’s mortgage products come with features such as mortgage porting, annual additional lump-sum payment options, and increasing regular payment. The mortgages are registered as standard charges, not collateral mortgages.
Established in 1995, Butler Mortgage has been a leading brokerage in Canada for decades. Headquartered in Toronto, the brokerage primarily offers mortgage services in Ontario, British Columbia, and Alberta. The brokerage is able to offer some of the lowest mortgage rates in Canada as it tracks rates from over 350 lenders, including banks and credit unions. Some of the mortgage services offered by the brokerage are:
- New Purchases
- Pre-Approval
- Refinance
- Renewal
- Investment Property
- Vacation/Second Home
- Construction Mortgages
- HELOC
- Self-Employed Solutions
- Credit Repair
- Mortgages for Newcomers to Canada
- Purchase Plus Improvement
Butler Mortgage offers several rate guarantees to its customers to ensure they get the lowest possible rates at all times. Their up-front rate guarantee guarantees the lowest rate from the beginning. If the clients find lower rates at a competing brokerage, Butler Mortgage promises to match or beat it. Meanwhile, to fulfill its after-approval rate guarantee, the brokerage monitors the market for lower rates for already approved customers. If you are approved for a rate, and a lender advertises a rate that is at least 0.1% lower, the brokerage will request your lender to match the rate. If your lender refuses to match the rate, the brokerage allows you to switch lenders without paying an additional fee. In addition, Butler Mortgage offers a RateGuard Approval that helps its customers to lock in rates for up to 120 days, during which if the rate falls, the customer can get the new lower rate.
Local Surrey Mortgage Brokerages
The Surrey-based brokerage Crown Funding offers all kinds of mortgage solutions to its clients, including bad credit mortgages. The brokerage has a team of 5 mortgage brokers and agents, and their contact information is available on the website. Borrowers can also directly apply for a mortgage through Crown Funding’s website. Other ways to contact the brokerage include giving them a call, sending them an email, or submitting an online inquiry through the website. For investors looking to invest in mortgages, the brokerage also facilitates private mortgage investments.
Ingram Mortgage Team is a family-owned brokerage located in Surrey. The brokerage offers all kinds of mortgage services, including mortgages for bad credit/bankruptcy. They also offer an exclusive mortgage program for United Association (UA) members, through which they can receive cash at closing when they complete a purchase through the UA Home Buyers Program. The brokerage also deals in reverse mortgages for seniors. The brokerage also offers a referral program, offering Cutco products as rewards for referrals. Borrowers can start by applying online or by sending a direct e-mail to one of the brokers. They can also visit the office or contact the brokerage over the phone.
City Centre Mortgages has two offices - one in Surrey, BC and the second in Regina, SK. The brokerage has a team with over 20 years of experience and offers commercial as well as residential mortgage services. The brokerage offers several kinds of mortgages, including those for first-time buyers and revenue properties. To get started with their mortgage process, borrowers can contact the brokerage through phone or e-mail.
Leap Financial is a local Surrey all-in-one mortgage brokerage offering all kinds of mortgage solutions. Apart from mortgages, the brokerage offers solutions for debt consolidation, home renovations, tax debt, business loans and loans for unexpected expenses, among others. The brokerage specializes in home equity loans. Borrowers can start by applying online or by contacting the brokerage in person, over the phone or through e-mail.
Mortgage Broker Networks in Canada
In Canada, many independently operating brokerages are a part of broker networks that offer them access to the network’s rates and many other resources. Broker networks are often able to negotiate lower rates with lenders due to the volume of business they bring. These networks operate as franchisee models. Some of these networks are part of larger financial groups such as DLCG and M3 Financial Group. The major networks that have offices in Surrey are listed below.
Invis, along with its affiliated company Mortgage Intelligence, is a leading Canadian mortgage broker network that is a part of the M3 Financial Group. There are over 8,500 brokers in the M3 Group’s network, with over $75 billion in annual loan volumes. Borrowers can use their postal code to look up the brokers close to them through Invis’s website. Borrowers can also check out the latest mortgage rates on the website.
VERICO Mortgage Broker Network is one of Canada’s largest broker networks that has over 3,800 mortgage advisors as a part of it. Over 230 mortgage businesses are part of the network that helps finance mortgages for over 45,000 Canadian families each year. The network's performance has been consistently recognized at the Canadian Mortgage Awards, including nominations in the National Broker Network of the Year category as recently as 2025.
About Mortgage Brokers in B.C.
Mortgage brokering is a licensed profession in Canada, and those looking to become mortgage brokers must follow the procedure outlined by the licensing body in the province of their residence. The BC Financial Services Authority (BCFSA) is responsible for issuing mortgage broker licenses in British Columbia.
The licensing procedure for mortgage brokers in B.C. involves two steps. First, individuals must complete the ‘Mortgage Brokerage in British Columbia’ course offered by the University of British Columbia and pass its examination. Individuals who pass the examination can subsequently apply for a sub-mortgage broker license. Upon obtaining the sub-mortgage broker license, they must complete the ‘Broker's Licensing Course’ offered by UBC. After completing the course and passing its examination, the final step is to apply for a mortgage broker license.
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- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.