Mortgage Broker vs. Your Bank — What’s the Real Difference?
When you’re getting ready to finance a home, it’s easy to wonder: Should I go through my bank or a mortgage broker? The truth is, both options offer great benefits, and exploring each can help you secure the best fit for your situation.
Mortgage Brokers
Mortgage brokers shop the entire market for you — comparing multiple lenders, rates, and products to help you find the best match. They’re especially helpful if you want flexibility, unique lending solutions, or access to a wide range of options.
Your Bank
Banks offer some excellent advantages too. They may provide special member rates, strong options for self-employed borrowers, and the ability to offer firm pre-approvals, giving you added confidence when shopping for a home. Plus, many clients appreciate the convenience of keeping all their financial products under one roof.
Bottom Line
Both paths can be great depending on your personal needs. We always encourage checking out options with both so you can feel confident you’re making the best decision for your financial future.
We work with, and have some great contacts in both options!
If you ever want help understanding your choices, we are here anytime!
One owner home in a sought after complex. Backing on to a residential street. Private back yard includes a
storage shed. Lots of space in the kitchen and lots of light