Trusted Tips and Resources

Trusted Tips & Resources

Trusted Saskatoon Mortgage Broker shares a Tip on Mortgage Brokers vs Banks

 

 

 

 

Do you know the difference between using a mortgage broker and a bank to obtain your mortgage?

A Saskatoon mortgage broker is independent and works with many lenders to find the right product and rate for the client. The mortgage broker’s loyalty is to their client. We do not get paid unless we can fund the deal for our client. A bank is one lender with a set of products that is accessed by the mortgage broker or the client directly. Banks provide a set of products and rates which the mortgage broker will compare to other lenders to determine if it is the best product and best rate for their client.

One of the reasons mortgage brokers get discounted rates from the banks is that there is no overhead associated with us. The only payment we receive is if we fund the deal with them. A mortgage broker provides an unbiased opinion on your financial options. The bank on the other hand is responsible to its shareholders.

 

 

 

 

 

Comments are closed

Categories

Previous Posts

ADDRESS

S & E Trusted Online Directories Inc
TrustedSaskatoon.com
434 20th Street West
Saskatoon, SK   S7M 0X4
Ph: 306.244.4150

GET THE APP

App Store Google Play
Follow us on Facebook Linked In Google+ YouTube RSS Feed
Abex
Abex
Stevies
Sabex
NEYA
Website hosting by Insight Hosting