Top 10 Mortgage Brokerages in Windsor

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. These brokers are paid a commission of 0.5% to 1% of the mortgage amount. The lenders pay this commission, and the borrowers are not required to pay anything. Windsor, the southernmost major city in Ontario and a key automotive and manufacturing hub across the river from Detroit, has some of the most affordable home prices among Ontario's mid-sized cities. Even so, securing the right rate can save borrowers thousands of dollars over a mortgage term, so working with an experienced local broker can make a meaningful difference. Listed below are some of the top brokerages that serve Windsor.

Butler Mortgage

Butler Mortgage is an established Toronto-based mortgage brokerage serving borrowers across Ontario, including Windsor. The firm compares mortgage products from a broad range of lenders and uses a portion of its lender commission to help secure discounted rates for qualifying borrowers. Its Up-Front Rate Guarantee states that if a client finds a lower qualifying rate, Butler will beat it or provide $500 when the mortgage closes. Under its After-Approval Rate Guarantee, clients may switch lenders at no cost if another lender advertises a rate more than 0.1 percentage points lower before closing, and the approved lender will not match it. Mortgage applications can be completed remotely by phone or online. 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 Windsor and the wider GTA. Operating under Invis Mortgage Intelligence, the brokerage has been a top performer for many consecutive years and has helped over 10,000 clients secure financing, backed by hundreds of five-star reviews and multiple Readers' Choice awards. The team specializes in complex mortgage situations, including bank declines, self-employed and non-traditional income, credit challenges, tax arrears, debt consolidation, second mortgages and private financing. It also assists with purchases, renewals, refinancing, investment properties and mortgage pre-approvals.

TMG The Mortgage Group

TMG The Mortgage Group is one of Canada's largest independent full-service mortgage brokerages, operating since 1990 with a national network of more than 1,900 mortgage professionals who have helped hundreds of thousands of Canadians. Still led by its original principals, it is known for the 'Think Outside the Branch' approach of shopping many lenders rather than a single bank, and its scale and long-standing lender relationships give agents full access and status with the lenders needed to place difficult files. Headquartered in Vancouver, TMG serves Windsor borrowers through local agents and online, and works with over 50 lending partners across the country to arrange both residential and commercial financing.

Financing options offered through TMG include:

• Pre-approval
• First-time buyer mortgages
• Refinancing
• Renewals and transfers

• Purchase Plus Improvements
• Investment and commercial properties
• Reverse mortgages

UCC Mortgage Co.

301-420 Kildare Road

Windsor, ON

UCC Mortgage Co. is one of Windsor's longest-established brokerages, approving mortgages and loans in Southwestern Ontario since 1974. The firm focuses on the Windsor-Essex County market and arranges both residential and commercial financing, drawing on an extensive network of lenders. It is particularly notable for handling specialized property types and financing situations that may fall outside standard bank guidelines. Its services include farm and agricultural mortgages, vacant-land and land-development financing, second mortgages, refinancing and debt consolidation. UCC also offers mortgage-administration and mortgage-investment services, giving it a broader role in private lending than a typical residential brokerage.

Shop Mortgages

3345 Dougall Avenue

Windsor, ON

Shop Mortgages is a Windsor brokerage operating under Mortgage Intelligence. The team works with more than 50 banks and other lending institutions and assists with first-time purchases, refinancing, debt consolidation, self-employed mortgages and difficult or unusual financing situations. Its published offerings include cashback mortgages, amortizations of up to 30 years, no-cost mortgage transfers and free appraisals on qualifying transactions. The team also emphasizes quick application processing, with approvals often available within several hours when the application and supporting documents are complete.

Team Zanet - Indi Mortgage

12122 Tecumseh Road East

Tecumseh, ON

Team Zanet, a brokerage under the Indi Mortgage banner, is an independent Windsor-Essex brokerage with more than 45 years of combined experience and over 1,000 satisfied clients. Working from offices in Tecumseh and Leamington, the team is electronically linked to more than 30 banks and financial institutions and serves clients across Windsor, LaSalle, Tecumseh, Lakeshore, and the County. It backs its service with a promise to meet or beat any competing offer, and handles commercial, residential, private, and construction financing in-house, a broader mix than many local residential-only shops, while keeping the personal touch of a family team.

Serca Financial Mortgage Group

12133 Tecumseh Road East

Windsor, ON

Serca Financial Mortgage Group is a growing brokerage with a Windsor office plus locations in Orangeville and Innisfil. Its services include home purchases, pre-approvals, renewals, refinancing, equity takeouts, debt consolidation, self-employed mortgages, newcomer financing, investment-property mortgages, private lending and CHIP reverse mortgages. Serca's range of prime, alternative and private-lending options allows it to assist both conventional borrowers and clients with non-traditional income or more complex financing needs.

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 Windsor operate under these national networks. Below are three of the largest, each represented by a member firm that serves the Windsor area.

The Mortgage Centre

The Mortgage Centre Office in Windsor:

HCC Mortgages Ltd.

2985 Dougall Avenue,

Windsor, ON

As one of Canada's longest-running brokerage networks, The Mortgage Centre has more than 1,800 brokers across over 250 office locations and upwards of 125 franchises from Atlantic Canada to British Columbia. Based out of Mississauga, the network offers mortgage options ranging from cottage and vacation homes to investment, land, and commercial mortgages, in addition to purchases, refinancing, and renewals. Its brokers can draw on a wide range of lenders and resources supplied by the network. Applications can be made both online and in person.

Mortgage Alliance

Mortgage Alliance Office in Windsor:

Owen Crampsie – Mortgage Alliance

310-3200 Deziel Drive,

Windsor, ON

Mortgage Alliance is an independent network of mortgage professionals that helps more than 40,000 Canadians each year and is part of the M3 Financial Group, one of Canada's largest non-bank mortgage originators. The network's brokers work with over 60 lenders, from major banks to private lenders, and handle residential, investment property, and commercial mortgages. Mortgage Alliance has a single-application approach that lets borrowers access all their mortgage options at once.

Dominion Lending Centres

Dominion Lending Centres Office in Windsor:

Crain Mortgages – The Super Mortgage Team

2575 Ouellette Place, Suite 200,

Windsor, ON

Dominion Lending Centres ranks among Canada's biggest brokerage networks, with more than 2,900 mortgage professionals working out of over 350 offices nationwide. It partners with a wide panel of lenders, and its brokers can draw on a range of tools and resources supplied by the network. To keep them current with industry standards, DLC also runs regular training sessions, and it offers its own mobile app, 'My Mortgage Toolbox.'

In Canada, mortgage brokers and agents must be licensed by the regulator in the province where they work. In Ontario, licensing is handled by the Financial Services Regulatory Authority of Ontario (FSRA). Applicants must be at least 18 years old, live in Canada, complete and pass an FSRA-approved mortgage agent course, and be sponsored by a licensed brokerage. Most new agents start with a Level 1 licence, then build experience and complete further education to qualify for Level 2 and, later, a mortgage broker licence with additional supervisory duties. Licensed brokerages must also pay annual regulatory fees, carry errors and omissions insurance, and follow FSRA's standards of practice.