Frequently Asked Questions About BRMC


Here you will find the answers to many of your Frequently Asked Questions about By Referral Mortgage Consultants and the services we offer.

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Why use By Referral Mortgage Consultants, BRMC first?

These days time is precious and having to shop your own mortgage from bank to bank cannot only take a significant amount of time, but can also be very daunting given the wide variety of products. In addition, most people don't know all the right questions to ask.

Updated daily, By Referral Mortgage Consultants, BRMC sees the lowest interest rates and best mortgage products being offered by financial institutions from across Canada and is able to use this knowledge to get you the best mortgage product available.

Because By Referral Mortgage Consultants, BRMC is not associated with any one financial institution, we are not limited in the products we can offer you and can seek out the best lender package to suit your specific situation, whether it's with a Chartered Bank, Trust Company, Credit Union, or Private Funds.

Choosing the wrong mortgage can cost you thousands of extra dollars. By Referral Mortgage Consultants, BRMC has the knowledge, experience and resources to shop the mortgage market for the best rates and terms.

Our Paperless Transaction Technology is fun and helps out Mother Nature – a mortgage with us pitches in and reduces all of our environmental footprint.

We have a mortgage for you that helps' you become an instant memory maker. We will help you achieve all your lofty goals. Our low rate mortgages with our green process allows you to be satisfied knowing together we are beating the big corporations financially and environmentally.

Call us today to get fresh start.

How does By Referral Mortgage Consultants, BRMC work?

By Referral Mortgage Consultants, BRMC is made up of a team of professionals trained to represent you, the borrower, in obtaining mortgage financing from a variety of lending sources offering a unique range of mortgage solutions.

By accessing numerous Canadian mortgage lenders including Chartered Banks, Trust Companies, Credit Unions, and private lenders, By Referral Mortgage Consultants, BRMC is able to find you the best mortgage solutions for your specific needs now and in the future, from lenders all across Canada.

By Referral Mortgage Consultants, BRMC has developed a proprietary and secure mortgage application process that is available 24 hours per day, 7 days per week. By simply filling out our online mortgage application, you will be given an answer within minutes and in some cases seconds!

Where in Canada can I get a mortgage?

By Referral Mortgage Consultants, BRMC's network of lenders will mortgage properties across Canada.

Who are your Lenders?

By Referral Mortgage Consultants, BRMC network includes the majority of the top respected mortgage Lenders in Canada including Chartered Banks, Credit Unions and Trust Companies. In addition, By Referral Mortgage Consultants, BRMC includes a significant network of private lenders. Lenders

How can I check on the credibility of BRMC?

The best endorsement comes from people who found a loan through By Referral Mortgage Consultants, BRMC. We get letters and notes each day from clients who have been very happy with the services provided by, By Referral Mortgage Consultants, BRMC and have shared some of their comments in Testimonials.

By Referral Mortgage Consultants, BRMC also has a number of professional affiliations which can be reviewed on our about us page. Our policies and practices adhere to the 'Ten Principles of Privacy' which comply with the Personal Information Protection and Electronic Documents Act (PIPEDA) and corresponding provincial privacy acts.

By Referral Mortgage Consultants, BRMC uses the most secure technology available on the Internet to ensure that the data you send us remains absolutely confidential and secure. Website Security

What interest rate can I expect with BRMC?

By Referral Mortgage Consultants, BRMC surveys Canadian mortgage lenders including Chartered Banks, Trust Companies, Credit Unions and private lenders, to get you the lowest possible mortgage rate available. Our interest rates are posted on our homepage and are updated on a daily basis when required. Find a lower rate? We'd be surprised, but let us know and we would be happy to investigate it.

Instant Mortgage Approval! - What's the catch and how do you do it?

What's the catch? Plain and simple, there is no catch...We have just taken the process of obtaining a mortgage to a new level. The difference between By Referral Mortgage Consultants, BRMC and other brokers/financial institutions is that our application and approval process is completely online.

How do we do it? By Referral Mortgage Consultants, BRMC has developed an online mortgage qualification system that is able to qualify mortgage applications through a filtering process. Applications that meet the requirements are given an "Instant Mortgage Approval" or "Instant Pre Approval". No strings attached.

If you have reasonable credit, and the property qualifies, there is no reason why you will not be given an "Instant Mortgage Approval" or "Instant Pre Approval". Approval guidelines

Even if you have less than perfect credit we encourage you to go through the mortgage application process and let a member of the By Referral Mortgage Consultants, BRMC Mortgage Approval Team work to find the mortgage that best suits your needs.

Instant Approval!, what are the costs to use BRMC?

There are absolutely no costs associated with the online mortgage application process. Even when your application is approved, there are still no costs. Also, at no time are you under any obligation to accept our mortgage offer.

Of course if you decide to accept our approval and follow through with the mortgage, there will be some costs associated with the mortgage itself and may include costs for items like appraisals, legal fees, surveys, etc. These costs are not specific to By Referral Mortgage Consultants, BRMC but are normal expenses associated with mortgages in Canada. Once your mortgage application has been approved, a member of the By Referral Mortgage Consultants, BRMC Mortgage Team will be in contact with you to go over these costs in detail.

In some cases, when secondary lenders are required to facilitate your mortgage requirements which may be the result of credit concerns, etc, brokerage fees may apply. However, you will be made fully aware of any fees prior to your commitment.

What are the hidden costs?

There are no hidden costs. We are Fee Free 99% of the time. If a fee applies we will discuss well in advance and show you on your loan papers what the effective rate of borrowing our money with this fee. Effectice Rate disclosure is the best way to understanding your mortgage.

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