Financing Your Home Purchase – Mortgage Broker or Bank?
When it comes time to purchase a new home, where should you go for financing? You may have a relationship with a bank from past transactions (RRSPs, savings accounts, car loan), so it’s the first option that comes to mind. But, mortgage brokers are licensed specialists who have access to many lenders and mortgage rates, so they may be a better choice. Here are some pros and cons for each.
Advantages of Mortgage Brokers
Disadvantages of Mortgage Brokers
Advantages of Banks
Disadvantages of Banks
Ask me anything about real estate…
Royal LePage Team Realty
5510 Manotick Main St.
Manotick, ON K4M 1A7
123 Chipman Road
Brockville, ON K6V 6Y8
The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner.©Royal LePage TEAM REALTY