Interview With Dave Johnson, Mortgage Broker With Lendmore Financial

Interview With Dave Johnson, Mortgage Broker With Lendmore Financial

Written by Kira Knox
Fact-checked by Caitlin Wood
Last Updated November 19, 2021

The Loans Canada team recently had the chance to speak with Dave Johnson, mortgage broker with Lendmore Financial, over Zoom. We discussed the advantages of using a mortgage broker, the best ways to access your home equity, and the proper use for short term mortgage financing.

Mortgage brokers are licensed professionals that work to secure mortgages and find solutions for clients. The broker will act as an intermediary between the client and their potential mortgage lender, and will use their extensive network of financing providers to find the best option for each client’s needs. 

Home equity is built in two different ways: as the homeowner pays off their mortgage and as the market value of the home increases. When looking to access their home equity, homeowners must choose between using a home equity line of credit (HELOC), a second mortgage, or by refinancing. “That’s where the mortgage broker comes in”, says Johnson.

Brokers are also equipped to advise clients on the use of alternative mortgage financing solutions, such as bridge loans. Bridge loans are a short term financial solution that are perfectly suited for the transition between selling your home and buying a new one.

Who Is Lendmore Financial?

Lendmore Financial is a boutique team of mortgage brokers and agents based in Ontario. They work with everyone from homeowners trying to access their equity to first time home buyers, providing tailored solutions for every situation.

Watch the full interview above.

Rating of 5/5 based on 5 votes.

Kira graduated from Concordia University with a degree in Communication Studies. She feels passionate about making financial education accessible to all Canadians through diverse forms of media. She has experience in writing, video editing, and social media.

Click on the star to rate it!

How useful was this post?

Research & Compare

Canada's Loan Comparison Platform

Largest Lender Network In Canada

Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.

Save With Loans Canada

Special Offers

Red American Express® Card

Red American Express® Card
Ends April 30, 2023

Earn up to 12,000 bonus Scene+™ points in your first year (that’s up to $120 towards travel).

View Offer
Cashback & Bonus Offer

Cashback & Bonus Offer
Ends March 1st, 2023

New Offer! Get up to $2,000 cashback + a $50 bonus on signing up. Conditions apply.

View Offer
Earn 5% Cash Back With Neo

Earn 5% Cash Back With Neo
No annual fee!

Earn an average 5%¹ cash back at thousands of partners and at least 0.5%² cashback guaranteed.

View Offer
Best Personal Loan Provider by Greedy Rates

Confidential & risk-free

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.

When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.

Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.

Your data is protected and your connection is encrypted.

Loans Canada Services Are 100% Free. Disclaimer

Build Credit For Just $10/Month

With KOHO's prepaid card you can build a better credit score for just $10/month.