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Private Lending & Conventional Mortgage Advice

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Richard Huynh
  • Energy Sector
  • Edmonton, Alberta
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Choosing a Mortgage Broker

Richard Huynh
  • Energy Sector
  • Edmonton, Alberta
Posted Nov 17 2017, 00:22

Hello Everyone,

I have questions with mortgage brokers.  My investment real estate agent recommended a mortgage broker that is located in a different city than the one I currently live / invest in.

My question is that I have not met this mortgage broker and that he requested a lot of information ( Social Insurance number, wages, income, saving and so on...).  Seeing as I have not met him, is this common practice? or is this something I should be wary of? Should I find a local mortgage broker?

Additional information - I currently live in Edmonton, Alberta Canada.   

Thanks!

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