Why Your Broker Should Be Your First Call and Not Your Bank?

There is a lot of action happening in the mortgage world right now.

In a cooling market where prices are decreasing and interest rates are creeping back up to pre-pandemic rates, homeowners have a ton on their minds. If you’re like most Canadians, you are probably ready to call your bank and get a new financial plan in order. But if you want to set yourself up for the best possible long-term financial success, I recommend skipping the bank altogether and coming straight to your favourite mortgage broker. Here’s why:

OPTIONS:
Mortgage and lending specialists at the bank can only sell you the products that their specific institution offers. Working with a broker gives you access to hundreds of mortgage products and opens up a world of options to best support your needs in the most cost-effective way.

FLEXIBILITY
Have you ever tried to call your bank after 4:30 pm on a weekday or, dare I say, on a weekend? As an independent broker, I can make myself available when you are so you can feel confident you are being taken care of at all times.

LOWEST RATES
The bank can only offer you the rates they have available. As a broker not only am I able to shop your rate around to multiple lenders, but I often have access to deeply discounted rates that you won’t find anywhere else – especially not at the bank.

There are countless advantages to working with a mortgage broker instead of a bank – especially in this market. If you’ve been thinking about how to best prepare yourself for the changes ahead, reach out today! I would love to discuss how we can keep your monthly payments low and focus on building your wealth at the same time