The Power of a Mortgage Broker

When most Canadians think of getting a mortgage, their first thought is: “I should go to my bank.” But what if your bank only represents one option, when dozens are available? That’s the biggest difference between dealing directly with a lender and working with a mortgage broker.

More Options = Better Fit

Banks and credit unions can only offer their own products. Brokers, on the other hand, have access to a network of lenders—often 30 or more—including the big banks, smaller institutions, and alternative lenders. This means you don’t just get one offer, you get to compare multiple ones.

Why settle for what your bank offers when there may be better rates, terms, and solutions available elsewhere?

Free Service (Most of the Time)

Here’s something many homeowners don’t realize: in most cases, using a mortgage broker doesn’t cost you a dime. Brokers are paid by the lender once your mortgage is finalized. That means you get expert guidance, access to more options, and a personal advocate—without an extra bill at the end.

The only time you will need to pay a mortgage broker yourself, is in very unique circumstances where specific 'outside-of-the-box' mortgages are required.

Tailored Advice for Your Situation

Not all borrowers fit the same mold. Maybe you’re self-employed, recently divorced, or dealing with past credit issues. While a traditional bank might say “no,” a broker can find lenders willing to work with your unique situation.

Beyond approval, brokers also look at the fine print: prepayment privileges, penalties, and terms that could impact your long-term goals.

Save Time, Reduce Stress

Shopping for a mortgage can be overwhelming. Calling multiple banks, waiting for call-backs, submitting the same paperwork over and over—it’s exhausting. A broker streamlines the process, handles the heavy lifting, and presents you with clear choices.

The Bottom Line

A mortgage is one of the biggest financial decisions you’ll ever make. Why go it alone with one option when you could have an expert in your corner, advocating for you, and giving you access to the full market?