Episode 14 Transcript – Bank vs broker

You’re live with Jessi Johnson here and I’m at the Hastings Raceway. My word of the day today is Mortgage Brokers in comparison to your local bank. The bank right of the bat, they are going to charge you a posted rate where as a broker right off the bat, will offer you the best rate possible. At a bank you’re stuck with whatever options the bank has to offer you which are generally limited in comparison to an independent mortgage broker who has a vast variety of upwards of 50 or 60 lenders at their disposal. On top of that you have service which grants you hours from nine until midnight depending on how late one wants to work. We work weekends, it doesn’t cost you a penny. You can’t really go wrong and when it comes to refinancing, if your rate is higher and we feel it is a good time to lower your rate, we will approach you and offer you a rate decrease. See how much money you are going to save and you are going to love us that much more. You can reach me at www.firsthomeinfo.ca. Have a good day and enjoy the race!