How much does a mortgage broker cost?

In the majority of standard residential files, the services of a mortgage broker do not entail any direct costs for the client. The compensation typically comes from the lender, once the financing is completed. This model allows the broker to analyze your situation, compare several institutions, and structure the file, without fees charged at the time of the process.

Why are a broker's services often fee-free?

The broker is compensated by the lender when the financing is finalized. This structure is common in the industry and allows the client to receive comprehensive support—analysis, comparison, file assembly—with no fees due at the time of the application.

In which cases can fees apply?

Some more complex situations may incur charges, notably when:

• the financing must go through a private lender
• the financial situation falls outside the standard banking framework
• a file must be processed urgently
• specialized solutions must be mobilized

In these cases, the fees must be clearly explained, presented in advance, and validated with the client before any action.

In summary

For the majority of borrowers, consulting a mortgage broker is a service with no direct fees. Fees pertain only to particular files and must always be communicated transparently.