As trusted advisors, we have a responsibility to our consumers, borrowers, investors & patrons. This responsibility is referred to as a “fiduciary responsibility.” What does this mean? It means that as trusted mortgage experts we are bound by law, to act in the best interest of our borrowers/consumers:
- understand the borrowers financial needs & goals
- provide information and advice that benefits the consumer
- provide options available to the borrower, even if it means the mortgage expert does not benefit
- clearly explain the risks associated with mortgage borrowing/financing
- take every precaution to ensure that misrepresentation is prevented at all times.
For more information on fiduciary responsibilities or mortgages, please contact the team at Mimortgage.ca at 1.866.452.1100 to speak to an expert now.
