Your mortgage is likely the biggest financial arrangement you will ever enter.  What's the difference between borrowing from a bank versus a Mortgage Broker?

Bank: Financial institution with personal banking, credit card, loan and mortgage services.

Lends money directly? Yes
Assists in putting loan application together? Yes
Advantages: Some people feel more comfortable consolidating all their financial services under one roof.
Disadvantages: Mortgages are only one of the products banks offer, and as such, employee training is not focused specifically on all the mortgage intricacies in which Mortgage Brokers are educated.  In addition, banks can only offer you their own products and rates.  Your specific borrowing needs or qualifications may fall outside of their spectrum.

Mortgage Broker: Licensed mortgage specialist with access to multiple lenders and mortgage products.

Lends money directly? No
Assists in putting loan application together? Yes
Advantages: Mortgage Brokers focus on one thing only: Shopping the market to find the best rates and terms for their clients.  Borrowers save time and money while those with unique needs or employment situations can usually find options through a Mortgage Broker not available through their bank.
Disadvantages: While Mortgage Brokers are becoming more and more popular every year, some people may not yet be familiar with their services.  This is a simple issue, solved by calling to set up a no-obligation mortgage consultation. 

If you're looking for a Mortgage Broker who will put your needs first and focus on your specific borrowing requirements, please call today!