Many people choose to work with their bank because of an implied assumption that the bank is the best place to go for a mortgage. After all, they handle your banking accounts and credit cards, so logically they’re probably the best place to acquire a mortgage, right?
In some cases, yes. However, for the vast majority of Canadians, approaching a bank directly can be limiting and more expensive than working through a broker.
Millions of Canadians have chosen to work with a mortgage broker, and we hope that after this article you’ll join them!
In most cases, working with a mortgage broker saves you money and simplifies the mortgage process.
It’s important to remember that a mortgage broker is not a lender- they don’t personally finance your mortgage. Instead, they connect you with a lender, secure your approval, and ensure that your mortgage is funded without incident.
We understand that the financial aspect of the home buying process is often confusing or intimidating. Don’t worry- we’re here to help you!
Remember, working with a mortgage broker comes at no cost to you.
If you’re curious about what your options are, come in for a no-obligation conversation. We will be happy to chat about your financial situation, what you can be approved for, and what your best mortgage options are.
* On fees: In the vast majority of cases our services are no charge to you. However, in some situations, we may charge a fee in exchange for our services. Example – mortgages for commercial real estate.