Licensing & Brokerage Information

Carolina Daza is licensed in Ontario as a Mortgage Agent Level 1, Licence #M15002198, and conducts mortgage brokering activities through Mortgage Powered Financial Group Inc., Brokerage Licence #13720.

Mortgage Powered Financial Group Inc. is the licensed mortgage brokerage responsible for the mortgage brokering activities conducted by its licensed mortgage agents and brokers in accordance with applicable Ontario requirements.

CDAZA Mortgages

CDAZA Mortgages is the client-facing and marketing brand used by Carolina Daza. CDAZA Mortgages is not a separate licensed mortgage brokerage.

Mortgage brokering services promoted through this website are provided by Carolina Daza through Mortgage Powered Financial Group Inc., Brokerage Licence #13720.

Our Role

Mortgage professionals help borrowers understand potential mortgage options, collect and review information, assess suitability, prepare mortgage applications and communicate with lenders in connection with arranging mortgage financing.

The nature of the brokerage's relationship with the borrower and lender, and the brokerage's role in a particular mortgage transaction, will be disclosed as required during the mortgage process.

Mortgage Agent Level 1

As a Mortgage Agent Level 1 in Ontario, Carolina Daza is authorized to deal or trade in mortgages with lenders that are financial institutions or lenders approved under the National Housing Act, in accordance with Ontario licensing requirements.

A Mortgage Agent Level 1 is not authorized to arrange mortgages directly with private lenders or other lenders outside the categories permitted for a Level 1 licence.

Lender Relationships & Product Availability

Mortgage Powered Financial Group Inc. has access to mortgage products from multiple lenders. The lenders and products that may be available to you will depend on your individual circumstances and the applicable lender's requirements.

Factors may include your income, employment, credit history, debt obligations, down payment, property type and location, intended use of the property, loan-to-value, documentation and other underwriting requirements.

Access to multiple lenders does not mean that every lender or mortgage product will be available or appropriate for every borrower.

Compensation & Fees

Mortgage brokerages are commonly compensated by lenders when mortgage financing is successfully arranged. Compensation may vary depending on the lender, mortgage product, term and other factors.

Certain mortgage transactions may involve brokerage fees, lender fees, appraisal fees, legal fees, insurance premiums or other costs. Where fees, compensation, incentives or other remuneration are required to be disclosed, the applicable information will be provided in connection with your specific transaction.

Any borrower-paid brokerage fee applicable to your transaction will be disclosed as required before you proceed.

Conflicts of Interest

Actual or potential conflicts of interest may arise in a mortgage transaction because of compensation arrangements, business or personal relationships, referral arrangements, or where a party performs more than one role in a transaction.

Where an actual or potential conflict of interest exists and disclosure is required, it will be disclosed to the applicable parties in accordance with regulatory requirements.

Mortgage recommendations are intended to be based on the borrower's needs and circumstances and the suitability of available mortgage options, rather than solely on the compensation associated with a particular lender or product.

Mortgage Rates

Mortgage rates displayed on this website, communicated in marketing materials, or discussed during an initial inquiry are for informational purposes unless specifically confirmed otherwise.

Rates can change without notice and may vary depending on the lender, mortgage type, term, amortization, loan-to-value, property, credit profile, income qualification and other factors.

A quoted or advertised rate does not constitute a mortgage approval, commitment to lend or guarantee that you will qualify for that rate.

Mortgage Calculators & Estimates

Mortgage calculators, payment estimates, affordability calculations and other tools provided on this website are intended for general informational and illustrative purposes only.

Results are based on the information entered and assumptions used by the calculator. Actual mortgage payments, qualification amounts, interest costs, insurance premiums, taxes, fees and other costs may differ.

Calculator results do not constitute mortgage advice, pre-approval, approval, a lending decision or a commitment to provide financing.

Mortgage Approval & Lending Decisions

All mortgage applications are subject to lender approval and the lender's underwriting requirements.

Approval may depend on verification of income, employment, credit, down payment, assets, liabilities, property value and condition, appraisal, insurance, identification and other information or documentation requested by the lender.

A pre-qualification, preliminary assessment, discussion, application submission or rate estimate does not guarantee final mortgage approval.

The applicable lender makes the final decision regarding whether to approve financing and the terms and conditions under which financing will be offered.

Suitability, Material Risks & Cost of Borrowing

Mortgage recommendations are made based on information available about your needs and circumstances and the mortgage products available for consideration.

Mortgages can involve financial risks and costs, including interest costs, prepayment charges, variable or adjustable interest-rate risk, renewal risk, fees and other obligations depending on the mortgage product.

Where required, transaction-specific information concerning suitability, material risks, fees, compensation, conflicts of interest and the cost of borrowing will be disclosed separately during the mortgage process.

This webpage is intended to provide general information and does not replace the written disclosures or acknowledgements required for an individual mortgage transaction.

Independent Professional Advice

Mortgage agents do not provide legal, tax or accounting advice unless separately qualified to do so.

You should obtain independent legal, tax, accounting or other professional advice when appropriate before entering into a mortgage transaction or making significant financial decisions.

Regulatory Information

Mortgage brokering in Ontario is regulated by the Financial Services Regulatory Authority of Ontario (FSRA).

Licensing information for mortgage brokerages, brokers and agents can be verified through FSRA.

Carolina Daza
Mortgage Agent Level 1 — Licence #M15002198
Mortgage Powered Financial Group Inc.
Brokerage Licence #13720

Visit the Financial Services Regulatory Authority of Ontario