Where Will You Get the Best Rates – Your Mortgage Broker or Your Bank?

THE BEST MORTGAGES FOUNDED A D MDCCXCV MORTGAGE BROKERS VS. TRADITIONAL BANKS MORTGAGE PROVIDERS 55% 30% ) 15% Banks Brokers Other Lenders Nearly 1/8 of all mortgage borrowers don't shop around when they buy a home. ADVANTAGES OF s MORTGAGE BROKERS Special situations like self-employment or credit history problems More options available than any single lender can offer CUT-RATE PRICING EASIER APPROVALS When you need or want to Pre-payment privileges, linked break a mortgage early credit lines, penalty-free extensions before the mortgage comes due DO00 LOWER PENALTIES CHOICE OF FEATURES BORROWERS WHO USE A MORTGAGE BROKER PAY LESS, ON AVERAGE, THAN BORROWERS WHO NEGOTIATE WITH THE LENDER DIRECTLY. COMPETITION IN THE CANADIAN MORTGAGE MARKET, BANK OF CANADA REVIEW, 2011. A ADVANTAGES OF BANKS 2 Banks can offer perks within the bank, like: free banking, free safety deposit box Home equity lines of credit can be easier to get and manage within your bank Those with a long-term relationship with a bank may receive more favorable rates EXISTING CLIENTS PAY +0.10% MORE THAN NEW CLIENTS Online Research Canadians searched for their 67% mortgage information online TOP 5 REASONS 1. To get the best rate - 67% 2. To get multiple rates - 40% 3. To reduce their own research - 36% 4. To understand options & process - 33% 5. To help with the paperwork - 31% CANADIANS CHOSE BROKERS squareone h insurance REFERENCES http://bit.ly/IFvDFMj http://bit.ly/IGye4lc http://bit.ly/IJ×MUUR http://bit.ly/lHd9xdo http://bit.ly/IJ×MUUR