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Why you should

use a Broker?

Brokers Banks

Pros VS Cons

Free Service: Help to complete Comission Disincentive: Brokers get

application throughout process. paid try lendorsand may be included

Convenient communication by to put one lender above the other

email or phone call. based on their commission structure.

Terms and Conditions: The lowest rate
Save time and eort: Save your time may come with adverse terms and

and eort through access to 100’s conditions relating to prepayments.

of lenders at once to negotiate Lumpsum payments, and penalty

best rate.
clauses that may ding your wallet

in the long-run.

Vast Experience: Vast experience to

obtain rates for clients with Limited Access to big bank rates:

less than ideal credit history Major banks run their own show with

or low incomes. in-house sta and may not be willing

to pay commission to brokers. As such

brokers may not be include to

Click of a mouse: Online comparison recommend them, even if they have

rate sites can be reached at lower rate.

the click of a mouse to get an idea

of competitive rates among brokers.

Trust Factor: Some people are wary

of brokers and prefer to get their

payments from the banks due to the

perception that brokers are not held
Transparency: You can approach several

brokers and compare their best to the same standards as big banks

rates at no cost to you.

This document contains general information and does not take into account your personal objectives, financial situation or needs.

Sources: www.savvynewcanadians.com