Is the Mortgage Broker on the Lender’s Side? Busting Mortgage Myths

Edmonton Mortgage Broker
Edmonton Mortgage Broker
Is the Mortgage Broker on the Lender's Side? Busting Mortgage Myths

About this episode of the I Love Edmonton Real Estate Podcast

Elissa Fesyk is back to test me, Jason Scott, in our third episode of the mortgage myths series. This time, the myth is that the mortgage broker is on the lender’s side.

From my perspective, I’m in it for the clients, not the lender. My job is to save you money and guide you through the process. Lender relationships are incredibly important, and size matters in the real estate world. There needs to be trust on both sides.

Sometimes the lender and broker are the same, making the client relationship a little different. While it isn’t a whole lot different, there isn’t the same number of fiduciary duties. It may conjure the image of hustling, but that isn’t a bad thing.

Occasionally, lenders will offer incentives to mortgage brokers. Promotional compensation is possible if they are looking for a greater market share, but for me, the client relationship is king.

Connect with Elissa Fesyk

More About the I Love Edmonton Real Estate Podcast

Host Jason Scott of The Mortgage Group talks to everyone and anyone who knows real estate in Edmonton.

Learn from local experts and get the inside scoop on anything that impacts Edmonton’s real estate market. Whether you are thinking of buying, selling or investing in the Edmonton market, Jason and his guests are here to help.

We interview top real estate professionals, decision-makers, influencers, and people who can help you learn more about what’s happening in Edmonton.

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