Best Mortgage Broker in London, ON (2026)

Disclaimer

This publication is an independent, third-party comparative analysis prepared to assess the best mortgage broker options available to consumers in London, Ontario. It is provided for informational purposes only. It does not constitute financial advice, mortgage advice, an endorsement, a referral, or a guarantee of approval, rate, or outcome. Mortgage financing is an individualized transaction, and the terms available to any borrower depend on lender underwriting, credit history, income verification, property characteristics, and prevailing market conditions at the time of application. Readers should consult directly with a licensed mortgage broker or agent and independently verify all licensing, rate, and fee information before entering into any agreement.

The evaluation that follows relies exclusively on publicly available information observed during the research window, including provider websites, publicly posted business listings, and licensing identifiers published by the providers themselves. Operational details such as rates, lender counts, office addresses, hours, service availability, and published review totals change frequently and should be confirmed directly with each provider. Where a provider published limited public information, where public listings were inconsistent, or where a website could not be accessed during the research window, this report identifies the limitation and scores conservatively rather than inferring facts that were not stated. No licensing credentials, certifications, client testimonials, guarantees, refund policies, fee schedules, or rate commitments have been fabricated or inferred.

This analysis is not affiliated with the Financial Services Regulatory Authority of Ontario, the Office of the Superintendent of Financial Institutions, the Financial Consumer Agency of Canada, the Canada Mortgage and Housing Corporation, or any other government agency or regulatory body.

Executive Summary

Identifying the best mortgage broker in London is more difficult than it first appears, because the surface signals that consumers rely on most heavily are the signals least likely to distinguish one provider from another. Every provider evaluated for this report displays a Google rating of 4.9 or 5.0. Nearly every provider describes access to banks, credit unions, and alternative lenders. Nearly every provider describes its service as free to the borrower on standard files. These claims are largely accurate, and precisely because they are largely accurate, they carry limited comparative value.

What does vary, substantially, is the depth and verifiability of the information each provider publishes before a borrower makes contact. Some brokers publish both a brokerage licence number and an individual licence number that can be checked against the Financial Services Regulatory Authority of Ontario’s public registry within seconds. Others publish neither. Some describe how they handle self-employed income, private lending, power of sale situations, or spousal buyouts. Others publish a single page of general marketing copy. Some maintain consistent addresses across their website and business listings. Others do not. For a consumer evaluating mortgage brokers in London, these differences are the only ones that can be assessed before committing time to a consultation.

This research evaluates six mortgage brokers and brokerages operating in or serving London, Ontario, using a transparent 100-point framework across five weighted criteria: lender access and product breadth; licensing, compliance, and trust signals; client experience and application infrastructure; rate and cost transparency; and local market presence and accessibility. Five providers were scored. One could not be scored because its website did not resolve during the research window.

Key Findings

• MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres (85/100) earns the top composite score through the broadest published product catalogue in the study, with seventeen dedicated scenario pages including self-employed, new to Canada, private, construction, reverse, spousal buyout, and medical professional financing; access to a stated 90-plus lenders; both a brokerage licence number and an individual originator licence number; a borrower FAQ that explains debt service ratios and the federal stress test; quick and full online applications with self-service call booking; and dedicated service pages for St. Thomas, Woodstock, Strathroy, and Ingersoll. It is held back by an inconsistency between the brokerage name in its header and the name in its footer licence block, and by the absence of a published explanation of when a borrower-paid fee may apply.
• Mark Mitchell – Mortgage Broker London Ontario (72/100) places second with a distinctive catalogue of distressed-borrower solutions, including stopping a power of sale, repaying property tax arrears, bad credit mortgages, and private lending, together with a published brokerage licence and a plain explanation of the difference between a mortgage broker and a mortgage agent. It is held back by an individual licence number labelled inconsistently as an agent licence and a broker licence on the same page, a small review base, and unqualified service claims.
• Jeff Krieger – TMG – The Mortgage Group (OMAC Division) (66/100) holds a strong review base of 150 Google reviews, affiliation with a national brokerage network, and a complete set of rates, calculator, application, and newsletter tools, balanced against no published licence number and a self-identified licence class of Mortgage Agent Level 1 despite a page title describing a mortgage broker.
• Mortgage Wise Financial (65/100) publishes the most extensive borrower education library among the local brokers, covering closing costs, credit basics, mortgage features, and a glossary, but publishes no licence number and lists a head office address that differs from its Google Business Profile.
• Mortgage Teacher Ltd. (65/100) holds the largest review base in the study at 288 Google reviews and a published brokerage licence number, supported by rates, a calculator, a credit score tool, and a glossary, but publishes no local address or local phone number on its homepage and no program descriptions.

The remaining provider evaluated was Colin Dambrauskas, Mortgage Broker London – TheMortgageBoutique.ca (not scored), whose Google Business Profile shows 194 reviews and a Wortley Road office, but whose website domain did not resolve during the research window.

Two findings deserve emphasis before the detail that follows. First, the scores measure published information, not service quality. A broker who publishes little may deliver excellent outcomes, and the provider ranked fifth in this study holds more than three and a half times as many Google reviews as the provider ranked first. Second, the providers ranked third through fifth fall within one point of one another, which reflects genuine closeness rather than meaningful separation.

Introduction

The search phrase “best mortgage broker London Ontario” is entered by people at very different stages of a very consequential decision. Some are first-time buyers trying to establish a budget before viewing homes in Byron, Old South, or Hyde Park. Some are homeowners holding a renewal notice, aware that signing the first offer is probably a mistake but unsure what the alternative process involves. Some are self-employed borrowers who have already been declined by a bank. Some are parents or investors buying rental property near Western University or Fanshawe College. Some are homeowners facing arrears or a power of sale who need a solution quickly. These are not variations on one question. They are different questions that happen to share a search phrase.

London’s market adds its own considerations. The city is the economic centre of Southwestern Ontario, and many London-based brokers also serve surrounding communities such as St. Thomas, Woodstock, Strathroy, and Ingersoll, each with different price points and property types. Student housing demand makes investment property financing and rental income treatment a recurring issue. And a substantial cohort of Canadian mortgages originated during the low-rate period continues to move through renewal, pushing many borrowers into the market who had not previously shopped their financing at all.

The purpose of this report is to convert a crowded and largely undifferentiated field into an ordered, defensible comparison. Rather than asserting that one provider is superior, the analysis establishes measurable criteria, applies them uniformly, and reports the resulting scores alongside the reasoning behind them. The objective is to help a prospective borrower understand not only which provider scored highest, but why, and under what circumstances a lower-ranked provider would be the better choice for a particular file.

The methodology is deliberately conservative. It does not reward promotional language. It does not treat a large review count as a proxy for suitability. It does not penalize a broker for declining to publish a rate table, since brokered rates are lender-specific, change frequently, and are properly quoted against an individual application rather than posted as a headline. It does, however, reward clarity, verifiability, information accessibility, and the presence of structures that help a borrower understand what to expect before committing to a process.

Background: What Defines a High-Quality Mortgage Broker in London

A high-quality mortgage broker can be identified by several observable characteristics that do not depend on subjective impressions or on outcomes that cannot be verified in advance.

Lender Access and Genuine Product Breadth

Lender access is the structural advantage a broker holds over a single bank branch, and nearly every broker states it. What distinguishes providers is whether the stated access translates into a described product range. A broker who documents how a self-employed file is built, what an alternative or private lender scenario looks like, when a second mortgage is preferable to a refinance, and how a reverse mortgage differs from a home equity line of credit is demonstrating something more than a lender count.

Verifiable Licensing and Regulatory Standing

Mortgage brokering in Ontario is a licensed activity. A broker who publishes an individual licence number, names the brokerage under which they operate, and publishes the brokerage licence number is offering the consumer a verification pathway that costs nothing to use. Licence class also matters. A borrower is entitled to know whether they are working with a mortgage broker, a Level 2 mortgage agent, or a Level 1 mortgage agent, since the classes carry different experience requirements and, in the case of Level 1 agents, different limits on the types of lenders they may deal with.

Client Experience and Application Infrastructure

Application infrastructure includes a secure online application pathway, calculators, documented process descriptions, accessible answers to common questions, and a clear method of booking a consultation. The practical effect of good infrastructure is that a borrower arrives at the first conversation informed.

Rate, Cost, and Compensation Transparency

On the large majority of prime residential files, the lender pays the broker and the borrower pays nothing directly. On alternative and private files, that arrangement often does not hold, and a borrower-paid fee, lender fees, or both may apply. A broker who explains this distinction in advance is removing the single most common source of unpleasant surprise in the brokered channel. Transparency here also extends to prepayment penalties, which are frequently the largest unanticipated cost a mortgage holder encounters.

Local Market Presence and Operational Model

A broker with a physical London office, consistent contact details, published service areas, and demonstrated knowledge of local neighbourhoods and surrounding communities is offering something a national call centre cannot. The operational model matters alongside the coverage: an independent broker within a national network, a national brokerage with an online front end, and a local boutique each carry distinct trade-offs.

Industry and Regulatory Context: Ontario Mortgage Brokerage Standards and Consumer Protections

Mortgage brokering in London operates within overlapping provincial and federal frameworks.

The Financial Services Regulatory Authority of Ontario

The Financial Services Regulatory Authority of Ontario licenses and supervises mortgage brokerages, mortgage brokers, and mortgage agents under the Mortgage Brokerages, Lenders and Administrators Act, 2006. Every mortgage professional must be licensed individually and must act on behalf of a licensed brokerage, and each brokerage has a designated principal broker responsible for compliance. FSRA maintains a public search tool that allows any consumer to confirm the licence status, class, and brokerage affiliation of an individual or firm.

Individual licensees hold one of three classes. A mortgage broker has met additional education and experience requirements beyond those of an agent. A Level 2 mortgage agent may deal and trade in mortgages across lender types. A Level 1 mortgage agent is a newer licensee who is generally limited to mortgages with institutional lenders and may not deal in private mortgages without the supervision and licensing required for that activity. Borrowers seeking private or alternative financing should confirm that their licensee is authorized to arrange it.

Ontario rules require licensees to assess the suitability of a mortgage for the borrower, to disclose conflicts of interest, and to provide additional written disclosure of material risks for certain higher-risk mortgages. Borrowers should expect to receive these disclosures in writing and should read them before signing.

Federal Oversight and Qualification Standards

Federally regulated lenders operate under Guideline B-20, issued by the Office of the Superintendent of Financial Institutions, which establishes residential mortgage underwriting expectations including the minimum qualifying rate commonly known as the stress test. For uninsured mortgages, the minimum qualifying rate is the greater of the contract rate plus two percentage points or 5.25 percent.

Two changes materially affect London borrowers. Effective November 21, 2024, OSFI no longer expects lenders to apply the prescribed minimum qualifying rate to uninsured straight switches at renewal, meaning a borrower moving an uninsured mortgage to a new federally regulated lender without increasing the loan amount or extending the amortization is not required to requalify at the stress-tested rate. Separately, effective December 15, 2024, the insured mortgage price cap rose from $1,000,000 to $1,499,999, and thirty-year insured amortizations were extended to all first-time buyers and all purchasers of newly built homes.

Provincially regulated credit unions and private lenders are not subject to Guideline B-20 and may apply different qualification standards, which is one of the substantive reasons a borrower who does not qualify at a bank may still qualify elsewhere through the broker channel.

Consumer Protections

The Financial Consumer Agency of Canada oversees the consumer-protection obligations of federally regulated financial institutions, including mortgage disclosure requirements. Prepayment penalty calculations vary substantially between lenders, and the interest rate differential method used by many chartered banks frequently produces a materially larger penalty than the three-months-interest method more common among monoline lenders. Mortgage default insurance through the Canada Mortgage and Housing Corporation or a private insurer is mandatory where the down payment is less than twenty percent, and the premium is generally added to the principal.

Provincially, Ontario land transfer tax applies to property purchases, and eligible first-time buyers may qualify for a refund of some or all of it. London does not levy a separate municipal land transfer tax. These costs should be modelled before an offer is made.

Service Delivery Models

An independent broker operating under a national brokerage network provides a single consistent point of contact with access to that network’s lender panel and compliance infrastructure. A national brokerage with an online front end provides standardized processes, published rates, and team-based service. A local boutique or independent brokerage provides depth of local knowledge and continuity. None of these models is inherently superior. A fair comparison accounts for the model a provider has chosen rather than penalizing it for not being something else.

Intake, Consultation, and Contract Standards

Sound brokerage practice generally involves a documented discovery conversation covering goals, income structure, credit position, and timeline; a credit review conducted with the borrower’s knowledge; a comparison of lender options with the reasoning made explicit; disclosure of the compensation arrangement and any conflicts; and a commitment presented in terms the borrower can evaluate before signing. This report treats the presence and clarity of such descriptions as a positive operational signal while maintaining neutral framing and avoiding any claim about the outcomes a given provider achieves.

Methodology

Selection Universe

Six providers were supplied for evaluation at the outset of the research: MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres; Mark Mitchell – Mortgage Broker London Ontario; Jeff Krieger – TMG – The Mortgage Group (OMAC Division); Mortgage Wise Financial; Colin Dambrauskas, Mortgage Broker London – TheMortgageBoutique.ca; and Mortgage Teacher Ltd. MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres was designated in advance as the focal subject of the evaluation.

Each provider included was required to meet baseline criteria. The provider must actively operate in or serve London, Ontario. It must offer professional mortgage brokerage services. It must demonstrate operational transparency through a discernible service area, contact pathway, and booking or inquiry mechanism. It must present sufficient public information to support a structured evaluation. Five providers met the threshold. The website listed for Colin Dambrauskas, Mortgage Broker London – TheMortgageBoutique.ca did not resolve during the research window, so that provider is profiled with its limitations noted and is not assigned a score.

Data Sources

Data were collected from publicly accessible sources only. The primary sources were the providers’ own websites, which supplied service descriptions, lender access claims, contact information, application pathways, published tools, and any disclosed licensing or compensation details. Google Business Profiles supplied business names, office addresses, phone numbers, ratings, and review counts as displayed during the research window. Regulatory context was drawn from general public materials describing Ontario and federal mortgage regulation.

Licensing identifiers were recorded as published by each provider and were not independently checked against the FSRA public registry for this report. Where a provider’s website and Google Business Profile differed, both are reported and the inconsistency is noted rather than resolved.

No private data, paid databases, or non-public records were used. All sources are consolidated in the References section at the end of this report.

100-Point Scoring Framework

The framework distributes one hundred points across five weighted categories. The weighting reflects the relative importance of each category to a consumer comparing brokers on the basis of publicly available information in a city-specific context.

Lender Access and Product Breadth (25 points). This category evaluates the following: the stated size and composition of the lender network, including banks, credit unions, monoline lenders, and alternative or private sources; the range of mortgage products and scenarios described, spanning purchase, renewal, refinance, equity access, investment property, and specialized categories; the depth with which non-standard borrower profiles are addressed, particularly self-employed, newcomers to Canada, bruised credit, and distressed situations; the treatment of specialized products including reverse mortgages, second mortgages, private mortgages, and construction financing; and whether product descriptions convey working knowledge or merely list category names.

Licensing, Compliance, and Trust Signals (20 points). This category evaluates the following: whether an individual licence number and a brokerage licence number are published and checkable against the FSRA registry; whether the licence class is stated consistently; whether the brokerage is named consistently; the consistency of business name, address, and contact details across the website and business listings; and published review volume and operating history. This category does not award points for unverifiable assertions.

Client Experience and Application Infrastructure (20 points). This category evaluates the following: the availability of a secure online application pathway; the presence of calculators and other self-service tools; the clarity with which the process and document requirements are described; the accessibility of answers to common borrower questions through an FAQ, glossary, or education resource; and the ease of booking a consultation, including whether scheduling is self-service.

Rate and Cost Transparency (20 points). This category evaluates the following: whether the provider explains how it is compensated and under what circumstances a borrower-paid fee would apply; whether indicative rates or a rate reference are published; whether closing costs, qualification rules, and prepayment penalties are explained; and whether pricing claims are qualified. This category does not penalize a provider for declining to publish a full rate table.

Local Market Presence and Accessibility (15 points). This category evaluates the following: whether a London office address is published on the website and matches the Google Business Profile; published hours and availability; dedicated content for London neighbourhoods and surrounding communities; and the availability of a local phone number and meeting options.

The ranking logic specific to London follows from these weights. Lender access and product breadth carries the greatest weight because the broker channel’s central value proposition is the ability to place a file that a single institution would decline, and London’s borrower mix of renewing homeowners, student-rental investors, self-employed borrowers, and buyers in surrounding communities makes that capability consequential. Licensing, client experience, and cost transparency are weighted equally because verification, process friction, and cost uncertainty are the three obstacles a borrower encounters before any financial outcome is determined. Local presence carries fifteen points, enough to distinguish a verifiable London office with local content from a provider operating primarily through a toll-free number.

A provider ranks highly when it combines a genuinely broad and clearly described product offering with verifiable regulatory standing, accessible intake, meaningful cost disclosure, and demonstrated relevance to the London market.

Ranked Comparative Table

Mortgage Wise Financial and Mortgage Teacher Ltd. tied at 65 points; the tie was resolved in favour of the provider with the higher score in the most heavily weighted category, Lender Access and Product Breadth. The scores reflect publicly available information observed during the research window and should be read alongside the individual profiles, which explain the reasoning behind each category result and identify where information was limited.

Individual Provider Reviews

1. MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres — 85 / 100

Website: https://boniferromortgages.ca/ Network: Dominion Lending Centres Brokerage as Published: Elite Mortgage Group, independently owned and operated (header); TLC Mortgage Group, independently owned and operated (footer licence block) Brokerage Licence: FSRA #13669 Individual Licence: Originator Licence #M18001301 Office: 2-152 Albert St, London, ON N6A 1M1 (website); 152 Albert St, London, ON N6A 5L9 (Google Business Profile) Phone: (519) 851-4590 Availability as Published: 24 hours, seven days a week Lender Network: 90+ banks, credit unions, mortgage finance companies, and alternative and private lenders Model: Independent broker within a national brokerage network Service Area: London, St. Thomas, Woodstock, Strathroy, Ingersoll, and Southwestern Ontario Published Reviews: 5.0 rating, 80 Google reviews

Overview

Mike Boniferro is a London mortgage broker operating under the Dominion Lending Centres network from an Albert Street office in downtown London. The practice positions itself around accessibility and complex files, stating that it welcomes self-employed entrepreneurs, real estate investors, and first-time buyers, and that one application can be used to compare options across more than ninety lenders. The site states round-the-clock availability, and the Google Business Profile lists the office as open 24 hours.

What distinguishes the practice within this field is the structure and resolution of its published content. Rather than a single services page, the site maintains seventeen dedicated mortgage scenario pages, a home buyers guide, a borrower FAQ, a blog with posts dated through 2026, and dedicated service pages for four surrounding communities. The FAQ explains, in plain terms, that lenders assess credit, income stability, and gross and total debt service ratios, and that Canadian borrowers must also pass the federal stress test, referencing London neighbourhoods such as Old South and Hyde Park. No other provider in this study published comparable depth across both product scenarios and surrounding-market coverage.

Best For

Self-employed borrowers whose income is documented through business financials rather than T4 slips. Newcomers to Canada. Real estate investors, including buyers of rental property near Western University and Fanshawe College. Buyers of vacation or second homes. Homeowners weighing a HELOC, second mortgage, or reverse mortgage. Borrowers who have been declined by a bank and need private or alternative financing. Separating spouses navigating a buyout. Medical professionals. Buyers in St. Thomas, Woodstock, Strathroy, and Ingersoll who want a London-based broker familiar with those communities. Borrowers who need to reach their broker outside business hours.

Strengths

The published product range is the broadest in the study and earns 24 of 25 points. The mortgage menu includes dedicated pages for home purchase, refinance, mortgage renewal, rental investment, self-employed, new to Canada, vacation and second home, HELOC, reverse mortgages, second mortgages, private mortgages, purchase and improvement, construction, divorce and spousal buyout, medical professionals, credit repair, and a mortgage protection plan. The homepage states that the practice deals with major banks, credit unions, dedicated mortgage finance companies, and alternative and private lending sources. The construction, spousal buyout, and medical professional pages are unique in the field.

Client infrastructure is the strongest in the study and earns 18 of 20 points. The site offers both a quick application and a full application, a get-a-quote pathway, a mortgage pre-approval pathway, self-service call booking, a mortgage calculator, a rates page, a home buyers guide, a borrower FAQ, and a blog. The FAQ addresses qualification requirements, down payment, fixed versus variable rates, and credit score effects.

Licensing disclosure is present at both levels. The site publishes a brokerage licence number and an individual originator licence number, and both are verifiable against the FSRA registry without requiring the consumer to request them. Only one other provider in this study publishes both.

Local presence is the strongest in the study and earns 14 of 15 points. The Albert Street office, local phone number, and stated 24-hour availability are published, and dedicated area pages cover St. Thomas, Woodstock, Strathroy, and Ingersoll. No other provider in this study published surrounding-community pages.

Content is current. Blog posts dated in 2026 address pre-approval timing, first-quarter rate conditions, and co-signing a mortgage in Canada.

Trade-offs and Watch-outs

The brokerage name is inconsistent. The header licence block names Elite Mortgage Group, while the footer licence block names TLC Mortgage Group, each described as independently owned and operated. Both reference the same brokerage licence number. A borrower attempting to confirm the brokerage through the FSRA registry may be uncertain which name to search. This is the principal reason the practice scored 16 of 20 in Licensing rather than higher.

The postal code differs slightly between listings. The website lists N6A 1M1 and the Google Business Profile lists N6A 5L9 for the same Albert Street address. This is a minor inconsistency but contributes to the Licensing and Local deductions.

Compensation is not explained. The site states that the broker works for the borrower rather than the lender, but it does not explain how the broker is compensated or when a borrower-paid fee may apply on private or alternative files. Given that private and second mortgages are named services, the omission is material, and it accounts for most of the gap in the 13 of 20 Cost Transparency score.

The review base is moderate. Eighty Google reviews is a credible sample for an individual practice, but Mortgage Teacher Ltd. has 288, Colin Dambrauskas, Mortgage Broker London – TheMortgageBoutique.ca has 194, and Jeff Krieger – TMG – The Mortgage Group (OMAC Division) has 150. A borrower who weights reputational volume heavily will find more evidence elsewhere.

Some language is promotional. Headlines such as “London’s most accessible mortgage broker” and references to beating the banks are unqualified. The substantive content beneath them is stronger than the headlines suggest.

Service and Operational Transparency Notes

The office address, phone, individual licence number, brokerage licence number, service area, and availability are published. Borrowers should confirm the current brokerage name when verifying licensing, and should ask in writing how the broker is compensated on their file, particularly for private, second, or alternative mortgages.

2. Mark Mitchell – Mortgage Broker London Ontario — 72 / 100

Website: https://www.londonontariomortgages.ca/ Brokerage Licence: #10464 Individual Licence: M16001479 (labelled as an agent licence in the header and a broker licence in the footer) Office: 920 Commissioners Road East, London, ON N5Z 3J1 Phone: 519-860-2102 Email: MarkMitchell@LondonOntarioMortgages.ca Availability as Published: Listed as open 24 hours on Google Business Profile Model: Independent mortgage broker Published Reviews: 4.9 rating, 28 Google reviews

Overview

Mark Mitchell operates as an independent mortgage broker from a Commissioners Road East office in southeast London. The site is organized around rate shopping and refinancing, with a distinctive emphasis on borrowers in financial difficulty.

Best For

Homeowners facing a power of sale who need a refinance or private solution quickly. Homeowners with property tax arrears. Borrowers with bad credit. Borrowers seeking debt consolidation. Buyers who need a quick closing. Homeowners exploring reverse mortgages. First-time buyers seeking information on Ontario programs.

Strengths

The product range addresses distressed situations more directly than any other provider in the study and earns 20 of 25 points. Dedicated pages cover bad credit mortgages, private mortgage lenders, debt consolidation, quick mortgage closings, repaying back taxes, second mortgages, stopping a power of sale or foreclosure, reverse mortgages, refinancing, renewals, pre-approval, and the Ontario first-time home buyer program.

Licensing information is published and explained. The site publishes a brokerage licence number and an individual licence number, and it explains the difference between a mortgage broker and a mortgage agent, including that broker licensing requires at least two years as a licensed agent followed by additional education. This is consumer education that serves the reader.

Contact details are consistent. The address and phone number on the website match the Google Business Profile.

Trade-offs and Watch-outs

The individual licence class is labelled inconsistently. The header lists M16001479 as an agent licence, while the footer lists the same number as a broker licence. Given that the site itself explains the distinction between the two classes, the inconsistency is notable. Borrowers should confirm the current class through the FSRA registry.

The review base is the smallest in the study at 28 Google reviews.

Several claims are unqualified. The site describes the fastest response time of all mortgage brokers in London and states that using the right broker yields the best mortgage rate. Neither claim can be verified. Compensation is not explained, which is material given the emphasis on private and second mortgages.

Service and Operational Transparency Notes

Address, phone, email, brokerage licence, and individual licence number are published. Borrowers seeking private or distressed-situation financing should request the full cost structure, including any lender and brokerage fees, in writing.

3. Jeff Krieger – TMG – The Mortgage Group (OMAC Division) — 66 / 100

Website: https://jeffkrieger.ca/ Brokerage: TMG The Mortgage Group Inc. Licence Class as Published: Mortgage Agent Level 1 Licence Number: Not found on pages reviewed Office: 99 Horton Street W., London, ON N6J 4Y6 Phone: 226-884-5300; toll-free 877-994-6439 Email: jeff@mortgagesbyjeff.ca Model: Agent within a national brokerage network Published Reviews: 5.0 rating, 150 Google reviews

Overview

Jeff Krieger is a London mortgage agent affiliated with TMG The Mortgage Group, a national mortgage brokerage that the site describes as operating since 1990 with a network of more than 1,400 brokers, agents, and associates. The site’s page title describes a mortgage broker, while the contact block identifies Jeff Krieger as a Mortgage Agent Level 1.

Best For

Borrowers who value a large review base. Buyers with straightforward purchase, refinance, or renewal needs through institutional lenders. Borrowers who want rates, a calculator, and a newsletter in one place.

Strengths

The review base is strong. The Google Business Profile shows 150 reviews, the third-largest in the study.

Client tooling is complete and earns 16 of 20 points. The site offers an online application, a rates page, a mortgage calculator, testimonials, a newsletter, a blog, and a contact page.

The national network provides structural support. TMG’s lender relationships and compliance infrastructure are available to its agents.

Contact details are consistent. The address and local phone number match the Google Business Profile.

Trade-offs and Watch-outs

No licence number was found. Neither the individual licence number nor the brokerage licence number appears on the pages reviewed.

The licence class is inconsistent with the page title. The contact block states Mortgage Agent Level 1, while the page title and Google Business Profile describe a mortgage broker. Level 1 agents are generally limited to institutional lenders, which matters for borrowers who may need private or alternative financing. This, together with the missing licence number, accounts for the 13 of 20 Licensing score.

Product descriptions are generic. The mortgages page does not describe specialized scenarios, which accounts for the 13 of 25 Lender Access score.

The Google Business Profile lists “Financial planner” as a secondary category, which the website does not explain.

Service and Operational Transparency Notes

Address, phone, email, and brokerage affiliation are published. Borrowers should confirm the licence number and class through the FSRA registry and ask whether their file can be placed with alternative or private lenders if needed.

4. Mortgage Wise Financial — 65 / 100

Website: https://mortgagewisefinancial.com/ Licence Number: Not found on pages reviewed Office: Head office at 259 Wellington Road, London (website); 152 Wharncliffe Rd S, London, ON N6J 2K6 (Google Business Profile) Phone: 519-433-5013; toll-free 866-503-8755 Fax: 519-433-0402 Model: Independent mortgage brokerage Published Reviews: 4.9 rating, 92 Google reviews

Overview

Mortgage Wise Financial is a London mortgage brokerage that positions itself around informed decision-making and second opinions, encouraging borrowers to understand their options before choosing a mortgage product.

Best For

Borrowers who want to work through educational material before making contact. Homeowners seeking a second opinion on a renewal or bank offer. Buyers of newly built homes. Borrowers interested in purchase plus improvements financing, debt consolidation, or reverse mortgages.

Strengths

The education library is the most extensive among the local brokers. Resources include credit basics, closing costs, a moving checklist, mortgage calculators, mortgage features, a mortgage glossary, mortgage options, mortgage products, new home mortgages, debt consolidation, mortgage renewal, and purchase plus improvements.

Cost transparency is the highest in the study at 14 of 20. The site publishes a rates page that explains that published rates are a starting point when shopping, and a dedicated closing costs page.

The review base is solid at 92 Google reviews.

Trade-offs and Watch-outs

No licence number was found. Neither a brokerage licence nor an individual licence number appears on the pages reviewed, which accounts for the lowest Licensing score in the study at 11 of 20.

The office address is inconsistent. The website lists a head office on Wellington Road, while the Google Business Profile lists Wharncliffe Road South.

No online application was identified on the pages reviewed, and no individual brokers or agents were named. The homepage itself is brief.

Service and Operational Transparency Notes

Phone, fax, and head office location are published. Borrowers should confirm the current office location, ask which licensee will handle their file, and verify licensing through the FSRA registry.

5. Mortgage Teacher Ltd. — 65 / 100

Website: https://www.mortgageteacher.com/ Brokerage Licence: FSRA #12509 Office: Not published on the homepage; 151 York St, Unit B, London, ON N6A 1A8 (Google Business Profile) Phone: 1-855-289-2991 (toll-free) Model: Mortgage brokerage with an education focus Published Reviews: 4.9 rating, 288 Google reviews

Overview

Mortgage Teacher Ltd. describes itself as more than a mortgage broker, emphasizing borrower education alongside rate shopping at banks, credit unions, trust companies, and other lenders. The site states that most of its services are free.

Best For

Borrowers who weight review volume heavily. Borrowers who want to compare rates and check their credit before making contact. Borrowers who prefer an education-first approach.

Strengths

The review base is the largest in the study. The Google Business Profile shows 288 reviews.

A brokerage licence number is published, which supports a 15 of 20 Licensing score despite no individual licensees being named.

Self-service tools are well developed. The site offers a rates page, a mortgage calculator, a credit score tool, a mortgage quiz, a glossary, a blog, and an online application.

Compensation is addressed with appropriate qualification. The site states that most services are free rather than that all services are free, which acknowledges that exceptions may exist.

Trade-offs and Watch-outs

Local presence is the weakest in the study at 9 of 15. The homepage publishes no office address and only a toll-free phone number. The Google Business Profile lists a York Street office, but the website does not.

No program descriptions were identified. The site does not describe specific mortgage scenarios or specialized products, which accounts for the 12 of 25 Lender Access score.

No individual brokers or agents are named with licence numbers on the brokers page.

Service and Operational Transparency Notes

The brokerage licence number and toll-free phone are published. Borrowers should ask which licensee will handle their file and confirm the London office location.

Colin Dambrauskas, Mortgage Broker London – TheMortgageBoutique.ca — Not Scored

Website: http://themortgageboutique.ca/ (domain did not resolve during research window) Office: 162 Wortley Rd, Unit 1D, London, ON N6C 3P7 Phone: (519) 777-0474 Published Reviews: 4.9 rating, 194 Google reviews

Overview

Colin Dambrauskas operates as a London mortgage broker from a Wortley Road office in the Old South area, with a Google Business Profile showing a 4.9 rating across 194 reviews, the second-largest review base in this study.

Scoring Limitation

Throughout the research window, the website domain listed for this provider did not resolve, with or without the “www” prefix, and could not be evaluated. As a result, program descriptions, licensing identifiers, application tools, and cost information could not be assessed. Assigning a score from a Google Business Profile alone would not be consistent with the method applied to the other five providers, so this provider is presented without a score. This limitation reflects the accessibility of information during the research window, not a judgment about the broker’s services.

Service and Operational Transparency Notes

Borrowers considering this provider should contact the broker directly and verify licensing through the FSRA registry.

Cross-Provider Observations

Several patterns emerged across the field that are more informative than any individual score.

Review ratings are uniformly high; volume is the differentiator. Ratings ranged only from 4.9 to 5.0, while review counts ranged from 28 to 288. The correlation between review volume and published transparency is weak: the provider with the most reviews publishes no local address on its homepage, while the top-ranked provider has fewer than a third as many reviews.

Licence disclosure divides the field more sharply than reputation does. Two providers publish both a brokerage licence number and an individual licence number. One publishes only a brokerage licence. Two publish neither. Since the FSRA registry can be searched in under a minute, the omission is a convenience gap rather than a compliance concern, but it shifts a verification burden onto the borrower.

Licence class is not always clear. One provider labels the same licence number as both an agent and a broker licence, and another describes a mortgage broker in its page title while identifying as a Level 1 agent in its contact block. Because licence class affects which lenders a licensee may deal with, borrowers should confirm it directly.

Compensation transparency is almost absent. No provider in this study explains when a borrower-paid fee would apply on private or alternative files, although three name private or second mortgages as services. This is the largest disclosure gap in the London market.

Surrounding-community coverage is rare. Only one provider publishes dedicated pages for St. Thomas, Woodstock, Strathroy, and Ingersoll, despite London brokers routinely serving those markets.

Address consistency is uneven. Two providers show different addresses on their website and Google Business Profile, and one publishes no address on its homepage.

Distressed-borrower solutions are concentrated. Only one provider publishes dedicated pages for stopping a power of sale and repaying property tax arrears.

Recommendations by Borrower Type

First-Time Buyers

First-time buyers benefit most from process clarity and cost modelling. MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres offers a home buyers guide, a pre-approval pathway, and an FAQ explaining debt service ratios and the stress test. Mortgage Wise Financial publishes a closing costs page and a moving checklist. Mark Mitchell – Mortgage Broker London Ontario publishes information on the Ontario first-time home buyer program. Borrowers should confirm eligibility for the Ontario land transfer tax refund and the thirty-year insured amortization before setting a budget.

Renewals and Refinancing

Renewing borrowers should be aware that the November 2024 change removing the minimum qualifying rate requirement for uninsured straight switches has materially improved their ability to move lenders. Mortgage Wise Financial emphasizes second opinions on renewals. MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres and Mark Mitchell – Mortgage Broker London Ontario both publish dedicated renewal and refinance pages.

Self-Employed Borrowers and Newcomers

MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres is the only provider in this study with dedicated self-employed and new-to-Canada pages. Borrowers in these segments should ask which lenders on the panel accept their income documentation and whether the file is likely to be placed with an institutional, alternative, or private lender.

Investors and Student Rental Buyers

Investors should establish early how each lender treats rental income. MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres publishes dedicated rental investment and vacation and second home pages. Buyers of properties near Western University or Fanshawe College should confirm how lenders treat multi-unit and rooming-house configurations, which vary considerably.

Borrowers in Financial Difficulty

Mark Mitchell – Mortgage Broker London Ontario publishes the most extensive distressed-borrower content, including stopping a power of sale, repaying property tax arrears, bad credit mortgages, and private lending. MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres publishes private mortgage, second mortgage, and credit repair pages. Borrowers in this situation should request the total cost of any private or second mortgage in writing, including lender and brokerage fees, and confirm the exit strategy before signing.

Homeowners Aged 55 and Over

MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres, Mark Mitchell – Mortgage Broker London Ontario, and Mortgage Wise Financial all publish reverse mortgage content. Borrowers in this segment should insist on a written comparison against at least one alternative equity access route, such as a HELOC, before proceeding.

Buyers in Surrounding Communities

Buyers in St. Thomas, Woodstock, Strathroy, and Ingersoll should look first at MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres, the only provider in this study publishing dedicated pages for those communities.

Limitations

This report carries limitations that readers should weigh alongside its findings.

The evaluation measures published information, not service quality, outcomes, rates obtained, or client satisfaction. The provider ranked fifth has the largest review base in the field. The framework is a tool for comparing what can be assessed before contact, and nothing more.

All findings reflect a single research window in September 2026. Rates, lender counts, office addresses, published hours, review totals, service offerings, and licensing details change.

Licensing identifiers were recorded as published and were not independently checked against the FSRA registry. Published claims regarding lender network size and availability were taken as stated by each provider.

One provider could not be scored because its website domain did not resolve during the research window. The six providers assessed do not constitute a comprehensive survey of the market, and the absence of a provider from this analysis carries no implication about its quality.

Scoring involves judgment. Another analyst applying the same framework to the same evidence would likely produce similar orderings but not identical point totals, particularly within the one-point band separating the providers ranked third through fifth.

Conclusion

The London mortgage brokerage market is competitive and, at the level of surface claims, remarkably uniform. Nearly every provider offers comparable lender access. Nearly every provider is compensated by lenders on standard files. Every provider can point to satisfied clients. A consumer relying on these signals alone has almost nothing to choose between.

The differences that can be assessed in advance lie beneath those claims: whether a provider publishes licence numbers that can be checked, whether its licence class is stated clearly, whether it explains when a borrower might pay a fee, whether it describes how non-standard files are handled, and whether it demonstrates knowledge of London and its surrounding communities.

MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres leads this evaluation at 85 points by combining the broadest published product catalogue in the field with both brokerage and individual licence disclosure, the most complete client infrastructure, stated 24-hour availability, and the only surrounding-community coverage in the study. The practice does not lead on review volume or compensation disclosure, and its brokerage name appears inconsistently on its own site. This report identifies those gaps plainly.

Mark Mitchell – Mortgage Broker London Ontario follows at 72 with the most developed distressed-borrower content. Jeff Krieger – TMG – The Mortgage Group (OMAC Division), Mortgage Wise Financial, and Mortgage Teacher Ltd. follow within one point of one another.

The appropriate choice depends on the borrower. A self-employed applicant, newcomer, or investor should look first at the provider publishing dedicated pages for those files. A homeowner facing a power of sale should look first at the provider publishing solutions for that situation. A borrower who weights review volume heavily should look first at the providers with the largest review bases. A borrower who wants to learn before making contact should look at the provider with the deepest education library.

Whichever provider a borrower selects, three actions apply universally: verify licence status and class against the FSRA registry, obtain the compensation arrangement in writing before proceeding, and require a written explanation of the prepayment penalty calculation attached to any mortgage under consideration.

Borrower Decision Checklist

Before making contact

Verify the brokerage and licensee against the FSRA public registry, confirming licence status and class.

Confirm that the brokerage name, address, and phone number match across the provider’s website, business listing, and registry record.

Establish your own position first: know your credit score, have two years of income documentation assembled, and calculate your available down payment including closing costs.

Model your affordability at the minimum qualifying rate rather than the contract rate, using the greater of contract plus two percentage points or 5.25 percent.

Confirm whether you qualify as a first-time buyer for the Ontario land transfer tax refund and for the thirty-year insured amortization.

During the consultation

Ask how the broker is compensated on your specific file and whether any borrower-paid fee could apply.

Ask whether your licensee is a broker, a Level 2 agent, or a Level 1 agent, and whether they can place your file with alternative or private lenders if needed.

Ask how many lenders will actually be approached with your file, and request that the competing offers be shown to you.

Ask specifically which lenders are appropriate for your income structure.

Ask how the prepayment penalty is calculated for each product under consideration.

If private or second-mortgage financing is proposed, ask for the total cost including lender fees, brokerage fees, appraisal, and legal costs, and ask what the exit strategy is.

Before signing

Obtain the full commitment letter and read the prepayment, portability, and penalty clauses.

Read any written disclosures of conflicts of interest or material risks.

Confirm the rate hold expiry date and what happens if your closing moves.

Confirm all conditions of approval and the deadline for satisfying each one.

After funding

Diarize your renewal date and begin shopping four to six months in advance.

Understand that as a renewing borrower with an uninsured mortgage you may switch lenders at renewal without requalifying at the minimum qualifying rate, provided the loan amount and amortization remain unchanged.

Keep your broker’s contact details for review at renewal.

Frequently Asked Questions

How were these mortgage brokers selected for this report?

Six providers serving London were supplied for evaluation at the outset of the research, with MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres designated in advance as the focal subject. Each provider had to actively serve London, offer professional mortgage brokerage services, and publish sufficient information to support structured evaluation. Five were scored.

Why did MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres rank first among the best mortgage broker options in London?

The practice earned the highest composite score, 85 points, leading on lender access and product breadth, client experience, and local presence. It publishes seventeen dedicated scenario pages, both brokerage and individual licence numbers, quick and full online applications, and dedicated pages for four surrounding communities. It does not lead on review volume or compensation disclosure, and the report identifies those gaps within its profile.

Does a higher score mean better service or better rates?

No. The framework measures the depth, clarity, consistency, and verifiability of publicly available information. It does not measure service quality, approval success, rates obtained, or client satisfaction.

What is the difference between a mortgage broker and a mortgage agent in Ontario?

Both are licensed by FSRA and must act on behalf of a licensed brokerage. A mortgage broker has met additional education and experience requirements. Mortgage agents hold either a Level 1 or Level 2 licence, and Level 1 agents are generally limited to mortgages with institutional lenders.

Do mortgage brokers in London charge borrowers a fee?

On most prime residential files the lender pays the broker and the borrower pays nothing directly. On alternative and private files, a borrower-paid fee may apply. No provider in this study explained that exception on its website, so borrowers should confirm the arrangement in writing.

How do I verify that a mortgage broker is licensed in Ontario?

The Financial Services Regulatory Authority of Ontario maintains a public search tool that shows a licensee’s status, class, and brokerage affiliation. Two of the five scored providers publish both a brokerage and individual licence number.

Do I still have to pass the stress test when renewing my mortgage?

Since November 21, 2024, OSFI no longer expects federally regulated lenders to apply the minimum qualifying rate to uninsured straight switches at renewal, provided the loan amount and amortization are unchanged. For new originations, the minimum qualifying rate remains the greater of the contract rate plus two percentage points or 5.25 percent.

Can a mortgage broker help stop a power of sale?

Some brokers arrange refinancing or private mortgages that allow a homeowner to pay arrears and stop a power of sale. These solutions typically carry higher costs. One provider in this study publishes a dedicated page on this situation.

Is there a land transfer tax in London?

Ontario land transfer tax applies to property purchases in London, and eligible first-time buyers may qualify for a refund. London does not levy a separate municipal land transfer tax.

Does this report cover every mortgage broker in London?

No. Six providers were selected for evaluation, and five were scored. London supports a far larger brokerage market than this report surveys, and the absence of a provider from this analysis carries no implication about its quality.

References

Canada Mortgage and Housing Corporation. https://www.cmhc-schl.gc.ca/

Colin Dambrauskas, Mortgage Broker London – TheMortgageBoutique.ca. Google Business Profile. https://maps.app.goo.gl/JjLTxkfamSYW5J1r6

Colin Dambrauskas, Mortgage Broker London – TheMortgageBoutique.ca. Homepage (did not resolve during research window). http://themortgageboutique.ca/

Financial Consumer Agency of Canada. https://www.canada.ca/en/financial-consumer-agency.html

Financial Services Regulatory Authority of Ontario. https://www.fsrao.ca/

Jeff Krieger – TMG – The Mortgage Group (OMAC Division). Google Business Profile. https://maps.app.goo.gl/vqdeQUvttvHC21ng9

Jeff Krieger – TMG – The Mortgage Group (OMAC Division). Homepage. https://jeffkrieger.ca/

Mark Mitchell – Mortgage Broker London Ontario. Google Business Profile. https://maps.app.goo.gl/skLyNeggkcXktoHW9

Mark Mitchell – Mortgage Broker London Ontario. Homepage. https://www.londonontariomortgages.ca/

MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres. Google Business Profile. https://www.google.com/maps/place/MIKE+BONIFERRO+-+London+Mortgage+Broker+-+Dominion+Lending+Centres/@42.9888035,-81.2530763,17z/data=!4m6!3m5!1s0xa6bfa81157fe2297:0xa63132f315957b93!8m2!3d42.9888035!4d-81.2530763!16s%2Fg%2F11v9xr6byh

MIKE BONIFERRO — London Mortgage Broker — DLC Elite Mortgage Group — Dominion Lending Centres. Homepage. https://boniferromortgages.ca/

Mortgage Teacher Ltd. Google Business Profile. https://maps.app.goo.gl/nF6yg2P1ftkJnMS29

Mortgage Teacher Ltd. Homepage. https://www.mortgageteacher.com/

Mortgage Wise Financial. Google Business Profile. https://maps.app.goo.gl/RnQHcFqwG75h5Zvi7

Mortgage Wise Financial. Homepage. https://mortgagewisefinancial.com/

Office of the Superintendent of Financial Institutions. Minimum qualifying rate for uninsured mortgages. https://www.osfi-bsif.gc.ca/en/supervision/financial-institutions/banks/minimum-qualifying-rate-uninsured-mortgages