Kofsky Mortgage



What is a mortgage broker? Why should I use one?


A mortgage broker is an independent intermediary who brokers mortgage loans on behalf of individuals or businesses. We work directly for you NOT the lender! We are your mortgage experts and you are our client. We are held to a direct fiduciary responsibility to you. Your own time As your time becomes more strained, we do the legwork for you. As markets for mortgages have become more competitive, the role of the mortgage broker is becoming more popular for clients looking for the best opportunity for themselves and their families.
Many of your friends, your family, and many of your colleagues have chosen to use an independent mortgage broker. Why?

Here are 5 great reasons to call a mortgage broker today:

  1. We save you time and money
  2. We provide our services and there is no cost to you
  3. We are your experts that offer you unbiased advice
  4. We provide you with lower mortgage rates
  5. We help protect your credit score

How??? Well…if you are interested in reading more about 5 specific reasons to use a mortgage broker please click here for my blog post.
My business is to ensure that you are well taken care of, I pride myself on the quality of education that I can provide you and the level of service that you receive. I provide you with the best options that work for you, your family and your lifestyle.

Call me anytime for a free consultation: 604-202-9913


Should I use a mortgage broker instead of going directly to the bank or credit union?


Yes! Obviously, I am going to say that, but seriously your mortgage is often the largest loan of your life. As such you will want to do what is best for you, your family and your lifestyle.

The bank/credit union is happy to help (trust me, they are more than willing to take your money) but they are there to sell you a product that works the best for their bottom line. THEY ARE A BUSINESS after all and they owe you no special courtesy and no special rate. They want your mortgage loan so that they can cross-sell you into other products that they also provide. The banks and credit unions have an army of advisors, loan officers, underwriters, managers, executives, and lawyers to make sure that they come out on top.

A mortgage broker, unlike the bank or credit union, has a fiduciary responsibility to you. Outside of the bank or credit union (whom we also work with for you), multiple different lenders only work with a mortgage broker and they have options for you and we share these with you too.

Please remember, all mortgages are unique just like every thumbprint is unique. It would be best to make sure you have access to all your options and have all your bases covered.

Yikes, does that sound scary and like a lot of work? If so, I am here to help you stand up to the big financial institutions, do all the legwork and work for you personally. 

Call me anytime for a free consultation: 604-202-9913


What is fiduciary responsibility and why does this matter to me?


Fiduciary responsibility is the legal obligation of one party to act in the best interest of another. The obligated party is typically a fiduciary, that is, someone entrusted with the care of money or property.
Why does this matter to you? Well.. let’s ask a more direct question. Does a bank or credit union owe me a fiduciary obligation when I need a mortgage?

No, they do not.

As I mentioned, previously, they are a business and as such, they owe you no fiduciary obligation. The bank or credit union representative is an employee of the institution that you are working with for a commercial transaction. Due to this ‘commercial transaction’, the bank or credit union must look after its own interests and expects you to do the same. When the customer goes into that building looking for a loan, it is assumed that you are looking for the best possible deal for you and your family and as a result, they are doing the same. Furthermore, the bank or credit union has been in the mortgage and finance industry since the beginning they have all the knowledge and information.

I am sure you have heard the old saying ‘buyer beware’, that is especially true when it comes to mortgage loans and transactions. Would you buy a car right from the dealership without ever understanding all the ‘ins and outs’ about the car in which you are buying? Never! Would you ever not look to see if there are other options that may be a better fit for you? You wouldn’t. Why would you do this with the largest loan of your life?

Want more information about financial institutions, salespeople and fiduciary responsibility?? Please click here for an article from the CBC and click here for a more academic article.
I am a licenced and independent mortgage broker and I am your personal mortgage expert. I work directly for you NOT for the lender. I am legally bound to help you and provide you with the best options for your mortgage AND your financial circumstances. I can provide you with all the best options from the banks, the credit unions and private lenders. best of all it is completely tailored for you.

Please call me for a free consultation anytime: 604-202-9913