How we're paid
The lender pays the broker on most residential mortgages, and any alternative/private-lending fees are disclosed upfront in writing.
Any rate or payment mentioned is illustrative and on approved credit (OAC). It is not a quote, a commitment, or a current offer.
Residential files
On a bank or monoline purchase, refinance, or renewal, payment to MKG comes from the lender. The lender still decides the file, and any rate on that file is the lender's offer.
When a fee may apply
Any alternative or private-lending fee is disclosed upfront, in writing, before you commit.
Questions
Does the client pay MKG on a residential mortgage?
The lender pays the broker on most residential mortgages, and any alternative/private-lending fees are disclosed upfront in writing.
When might a fee apply?
The lender pays the broker on most residential mortgages, and any alternative/private-lending fees are disclosed upfront in writing.
Are legal fees and lender fees the same as the broker fee?
The lender pays the broker on most residential mortgages, and any alternative/private-lending fees are disclosed upfront in writing.
A lawyer charges for the closing, and a lender may charge its own fee. Those are separate from how the broker is paid. This page does not quote those third-party amounts.
Do mortgage brokers charge a fee in Ontario?
The lender pays the broker on most residential mortgages, and any alternative/private-lending fees are disclosed upfront in writing.
Checked October 18, 2026. https://www.fsrao.ca/consumers/mortgage-brokering
The steps of a file are on how it works. Private and alternative options are described on the second and private mortgages page.