Banks vs. Mortgage Brokers: What's the Difference?
Banks offer mortgages; Mortgage brokers offer mortgages. What's the difference? The difference starts with the range of financing solutions offered. Banks offer their own products, a select group which may or may not satisfy your needs, while mortgage brokers have access to products, rates, terms and conditions from a wide variety of lenders — one of which is sure to have the financing solution that works for you, with no compromises.
Hate haggling? You shouldn't have to, especially for something as important and complex as a mortgage. Instead, let's talk about the range of lending institutions available to you through a mortgage broker, and how it's the job of the broker to negotiate the features and benefits of the applicable programs on your behalf.
You're busy, so you decide where and when you'd like to meet. Choose your home, your business, or wherever is convenient for you, at the time that best fits your schedule. Why go bank-to-bank to compare lending products, when a broker can bring the banks to you, through a no-obligation presentation of available loan options?
The difference between your seeking financing from a bank, and your asking a mortgage broker for assistance, is in the value to you, as a mortgage holder. It's in the time and effort spent to find the financing that fits your borrowing needs best. And it's in benefiting from the most current options on the market.