A Mortgage Broker is an independent representative who seeks to match individuals looking to purchase a mortgage to appropriate lenders who offer residential mortgages. In Canada mortgage Brokers place the majority of all mortgage products to consumers. Inside branch by the banking institutions are nearly one third of the entire market with the Mortgage Brokers picking up the balance.

Mortgage Planners are typically individuals who operate as Mortgage Brokers but offer enhanced services that seek to organize more efficient borrowing and lending services with an overall strategy to minimize fees, taxes and increase cash flow. Their primary goal is to maximize an individual wealth accumulation while providing accurate information on First Time Home Buyer .

Both Mortgage Planners and Mortgage Brokers have legal, moral and professional liabilities. Varying by state or province , they ensure that consumers are protected. Second opinions are often a smart idea for any large financial transaction as long as they do not turn into wasting everybody time. When you are asking for a second opinion you should be up front and offer to pay for that professional’s time and expenses. By paying for their advice you enter into a contract and invoke the protection of their liability insurance. Bad advice usually starts off being free especially if it has anything to do with money management .