There are generally two ways to get a mortgage in Canada: From a bank, or from a licensed mortgage broker.
While a bank only offers the products from their particular institution, licensed mortgage brokers send millions of dollars in mortgage business each year to Canada’s largest banks, credit unions, and trust companies… offering their clients more choice, and access to hundreds of mortgage products!
Mortgage brokers are experts in their field. They know mortgages, and they know how to negotiate with lenders.
- Mortgage brokers will save you time. Researching each lender on your own can be cumbersome. Leaving it to your mortgage broker allows you to spend your time doing what matters to you.
- Mortgage brokers will walk you through the mortgage process. We admit it – mortgages are complicated. Your mortgage broker understands this and will help you through the process from handling documentation requirements to researching the best mortgage option for your unique circumstance.
As a result, clients benefit from the trust, confidence, and security of knowing they are getting the best mortgage for their needs.
Whether you’re purchasing a home for the first time, taking out equity from your home for investment or pleasure, or your current mortgage is simply up for renewal, a mortgage broker will find you the best solution.