August 4, 2025
If you're working with a mortgage broker on an A deal—whether you're buying, refinancing, or renewing—here's something most clients are surprised to learn: you don’t pay the broker. On qualified deals with prime lenders (known as “A lenders”), your broker is paid directly by the lender once your mortgage funds. This means expert advice, product comparisons, and rate negotiation all come at no cost to you.
The lender pays a finder's fee to the broker based on the size and term of the mortgage. This allows brokers to offer unbiased service without charging clients out of pocket. And because multiple A lenders often offer similar compensation, your broker has no incentive to steer you to one over another—they’re focused on finding the best fit for your needs.
Whether you're purchasing your first home, refinancing to access equity, or simply renewing, a mortgage broker can often find better rates or terms than what your own bank offers—at no cost to you. It's one of the few win-win situations in the financial world.
If you're facing an important mortgage decision, now's the time to take advantage of professional guidance without the professional fee. Let your broker do the heavy lifting while you focus on what matters—your home, your goals, and your future.
Source: Absolute Mortgage Team