Frequently Asked Questions

The best mortgage rate depends on your financial profile and loan type. A mortgage broker compares multiple lenders to secure the best available rate.

A fixed rate offers stability, while a variable rate may offer savings depending on market conditions. The right choice depends on your risk tolerance.

A mortgage broker compares multiple lenders and negotiates for you, while a bank only offers its own products, which can limit your options.

Yes, the minimum down payment is typically 5% of the purchase price. A larger down payment can improve your mortgage terms.

You need to provide income, credit, and financial information. A mortgage broker can speed up the pre-approval process and guide you.

Yes, refinancing allows you to lower payments, consolidate debt, or access your home equity depending on your financial goals.

No, you can shop around at renewal and compare better options to save money and improve your terms.

Costs can include penalties, legal fees, and insurance. A mortgage broker helps you understand the full picture before committing.

A mortgage broker helps you compare, negotiate, and build the best mortgage strategy, often saving you thousands over time.