Why This Matters
If you’ve ever wondered about the difference between a Mortgage Agent Level 1 and Level 2, you’re not alone. The designation impacts what type of lenders an agent can work with, and therefore what solutions are available to clients.
Mortgage Agent Level 1
- Can only work with financial institutions such as banks and credit unions.
- Cannot broker private mortgage deals.
- A good starting point for new agents, but their access to lenders is limited.
Mortgage Agent Level 2
- Can work with all types of lenders, including private lenders.
- Offers clients more flexibility and broader financing options.
- Typically has more training and experience, enabling them to structure complex files.
What This Means for Clients
Working with a Mortgage Agent Level 2 ensures you have access to the widest range of solutions — from traditional lenders to private financing if needed. This can make the difference between being declined and being approved.
The Bottom Line
As a Mortgage Agent Level 2, I bring you more options, flexibility, and strategies to secure the right mortgage for your situation.
