Common Question and Answers

Glossary of Terms

Why use a mortgage broker?
We can work on your behalf and can offer mortgages from over 35 different sources including Canada's largest banks, insurance companies, pension funds, mortgage companies and private sources, because there is no affiliation with any one lender, we can offer more options than a single based company.

Titan Mortgage Group offers a specialized service; we deal exclusively in mortgages and know them better than anyone else. We are on top of the latest trends and products as they come available we can provide you with the best solution for your changing individual needs.

What are the benefits of using a mortgage broker?
Mortgages are complex and the many different types of home loans form a large number of competitive lenders. At Titan Mortgage Group, we can help you choose a home loan that suits your individual need. We save you time and money - doing the leg work for you.

Titan Mortgage Group also excels in hard-to-place mortgages like self-employed individuals, poor credit, previous bankruptcies etc. We are committed to work in your best interests.

How do mortgage brokers get paid?
Do you charge a fee for your service?
Generally the lender pays the broker a commission (or finders fee) for arranging the loan with the borrower. Typically you do not have to pay the broker. A fee may be charged for commercial or hard to place mortgages (where a finders fee is not paid by the lender). If we charge you a fee then you will be informed before any work commences.

What is CIMBL?
Why use a CIMBL Member?
CIMBL stands for the Canadian Institute of Mortgage Brokers and Lenders. CIMBL is a regulated organization of over 8,500 members representing over 90% of Canada's mortgage activity. CIMBL members include mortgage lenders, brokers, insurers and other industry stakeholders.

When you choose a CIMBL member you are provided with the added security of knowing you're dealing with a mortgage representative bound by a strict Code of Ethics. Through our communication programs, CIMBL members are kept up-to-date on important industry issues and changes that may affect the way they handle your business. Many of our members take advantage of professional development opportunities by attending some of the many continuing education conferences and events designed to keep them informed of the latest industry advancements.

What is the AMP designation?
AMP stands for Accredited Mortgage Professional. This designation was created and is maintained by the Canadian Institute of Mortgage Brokers and Lenders. The AMP designation is the only national designation for mortgage professionals in Canada. To obtain the AMP designation you have to be a member in good standing of CIMBL, have been in the mortgage industry for at least 2 years and completed the appropriate educational requirements. To maintain this designation annual continuing education courses are required.

A Few of Our Lenders: