The Prince Edward Island (PEI) Real Estate Association monitors all mortgage brokers residing within the province of PEI. In addition, the PEI Real Estate Association issues all brokerage licenses. It is illegal to act as a broker within the province of PEI without first obtaining a brokerage license. Consumers who wish to file a report or complaint against a mortgage broker can do so by contacting the PEI Real Estate Association. Prior to working with any mortgage broker, it is wise to ask to view a copy of a broker’s license.
Some PEI residents may qualify for low-income, elderly, rural, or other mortgages. Special mortgage circumstances can be discussed with a licensed mortgage broker. All of the brokers that you see listed below are presently licensed by the province of Prince Edward Island. Still, it is recommended that you speak with each broker prior to selecting one. By gaining various quotes and information from each broker, you can determine which broker will suit your needs best. For those who qualify, gaining a mortgage within the province of PEI is not difficult to do, and having a qualified broker on your side is the best way to gain a favourable mortgage. |
