Brokers Can Save a Buyer Money

Where have we heard that before?  Here’s the Toronto Star’s take on why Mortgage Brokers add value. 

One point of note:  “Mortgage brokers estimate there may be as many as 400 to 600 different mortgage products on the market today, each slightly different in rates, terms and amortization length.”

There’s simply no way a layman (read homeowner) can keep up with this volume of product information. 

In short, use a professional mortgage planner, but find a good one.

Note:  They botched the acronym AMP, calling it an AMB–but otherwise it’s a good read.

More Stories
OSFI stress test announcement
Homebuyers to Face More Stringent Mortgage Stress Test After June 1
Copy link