Lower rates

When working with a Mortgage Broker we have access to dozens of lenders which means we can compare rates at each lender and find the best option for our clients. We have access to the big 5 banks, credit unions and monoline lenders. A monoline is a bank that only specializes in providing mortgages and they do not have a storefront to walk into. By not having a storefront and hundreds of staff on payroll, they are able to streamline their products and offer their products at lower rates. Instead of paying a bank employee's salary to originate mortgages, monolines pay mortgage brokers a finder's fee for bringing them the business. For these reasons we can often secure a lower interest rate than you would be able to at your bank.