Bank branch employees may not be specialized in mortgages.
Banks cannot approve 2nd or subprime mortgages.
Bank penalties on fixed terms can be 3-4x higher than with non-bank lenders.
Discounted rates with lower penalties.
Superior product line.
Long-term expert planning.
2nd mortgages and subprime loans available.
It is important to have all the facts before securing a mortgage. Many individuals rely solely on their bank to get them the best deal. The bank can only offer you one suite of products – their own. We work hard to give you more options and make the process easier. We take pride in staying up-to-date and being creative to come up with the best solution for you. For the more challenging files (e.g. credit/income issues), we will communicate with several lenders to uncover more options.
Mortgage Broker vs Canadian Bank - What is the difference?