Mortgage Brokers First Second Third Mortgage | Page 4

What Exactly is a Mortgage Broker
and Why Should I Use One?
• Best Rates: When you think about getting the best mortgage rate from a Canadian bank, you
should think about a mortgage broker. This is often the case because these mortgage
brokers rely heavily on referrals from clients who are very satisfied with their services.
Furthermore, banks are more likely to offer favourable interest rates to a mortgage broker
who has consistently brought in customers to them.
• Fast Approvals: Another wonderful reason why a mortgage broker should do mortgage biding
for you is that your application will be approved within 24hours. They know the ropes better
than you do!
• Feel At Ease: Another important benefit of having a mortgage broker handle your mortgage
dealings lies in the fact that, the agent is going to take his time to carefully explain all the
terms and conditions that are attached to the deal. This action should be considered
priceless especially if you are a first home buyer with little or no experience in the entire
mortgage process.