Lender Articles

As a licensed mortgage agent committed to helping Canadians build long-term wealth through real estate, I make it a priority to introduce my clients to lenders who think beyond rigid formulas — lenders who understand the unique needs of rental property investors. One such lender making a name for itself across Canada is Strive.

Today, I want to introduce you to a valuable, yet often misunderstood, offering from one of Canada’s Big Five banks: Scotiabank’s Creditor Insurance. Whether you’re a first-time buyer, refinancing, or renewing your mortgage, understanding what this insurance entails could change the way you think about mortgage protection.

So you’ve been picking up rental properties over the years—maybe it started with a duplex, then a triplex, and next thing you know, you’re sitting on a healthy portfolio under your holding company. You’ve figured out the tenant game, you’re cash-flowing, and the equity’s stacking up nicely.

But then one day, you’re applying for financing on property number six, and your lender says:
“Sorry, this now falls under commercial lending.”

So let’s walk through what lenders are actually asking for, why it matters, and what you can do if you don’t have formal divorce paperwork.

Brokerage Fees. When it comes to mortgages or anything else, nobody loves fees. You’re already thinking about interest rates, closing costs, and moving expenses, and then your mortgage agent (that’s me) mentions a brokerage fee. Your first reaction might be, “Wait, why am I paying you when the lender pays you too?” That’s fair—it’s a question I hear a lot.

As a licensed and professional mortgage agent dedicated to helping clients navigate the complexities of real estate financing, I believe it’s essential to introduce you to all of the tools and partners available in the market — especially those that can make a meaningful difference in securing homeownership. One such partner is Sagen, a private mortgage insurer that plays a vital role in helping Canadians purchase homes with less than a 20% down payment.

A misaligned or problematic appraisal can delay financing, reduce loan amounts, or even derail a deal entirely. That’s why I only refer my clients to appraisal firms that are experienced, thorough, and aligned with lender expectations. Home Value Inc. is one such firm I trust to deliver professional, lender-sensitive valuations that help get deals across the finish line.

hat’s fair—choosing a mortgage lender is a major financial decision, and reputation matters. Today, I want to introduce you to Bridgewater Bank, a lender that might not be a household name but is rapidly becoming a standout option in Canada’s alternative lending space.

Unlock financial flexibility with Manulife One, the innovative all-in-one mortgage and banking solution designed to simplify your finances.

As a licensed mortgage agent, one of my key responsibilities is introducing clients to lending options that align with their unique financial situations. It’s time for you to discover Community Trust—a reputable and dynamic lender you may not have encountered before, but one that offers powerful advantages, especially for clients who need flexibility, fast service, and competitive rates.