One of the first decisions when getting a mortgage: work with a broker or go directly to a bank? The right choice depends on your situation, preferences, and what matters most to you. Here's an honest comparison.
How Mortgage Brokers Work
What Brokers Do
- Submit applications to multiple lenders on your behalf
- Compare rates and products across 30-50+ lenders
- Handle paperwork and negotiation
- Advocate for your interests
How Brokers Are Paid
- Lenders pay commission when mortgage funds
- No direct cost to you (typically)
- Commission varies by lender and product
- Must disclose any fees to you
Broker Access
Brokers help you compare these features across lenders.
FAQ
Q: Do brokers work for free?
A: Free to you—lenders pay the broker when your mortgage funds. Some specialty products may have broker fees, which must be disclosed.
Q: Can a broker get me a bank mortgage?
A: Generally no for Big 5 banks. But brokers access equivalent (often better) products from other lenders.
Experience the Broker Advantage
Get pre-approved through our team and access 50+ lenders.
Get StartedQ: Are broker rates better than bank rates?
A: Often yes, but not always. Brokers access wholesale rates and monoline lenders not available direct.
Q: What if I have questions after closing?
A: Good brokers maintain ongoing relationships. They're available for questions throughout your mortgage and at renewal.
Q: How do I choose a good broker?
A: Look for: experience, reviews/referrals, clear communication, licensing, and willingness to explain options (not just push products).
What's Next
Ready to experience the broker advantage? Get pre-approved with our team—we'll compare 50+ lenders to find your best mortgage option.
Experience the Broker Advantage
Access 50+ lenders with one application. Our team will find your best mortgage option.
