In Canada, obtaining a mortgage typically involves two main avenues: through a traditional bank or by consulting a licensed mortgage professional.
Traditional banks exclusively offer mortgage products specific to their institution, whereas licensed mortgage professionals facilitate a diverse array of mortgage transactions, directing substantial mortgage business to Canada's major banks, credit unions, trust companies, and financial institutions. This variety provides their clients with an extensive selection of mortgage options. Consequently, clients can enjoy the assurance, confidence, and peace of mind that they are securing the most suitable mortgage for their individual needs.
Whether you are a first-time homebuyer, seeking to leverage the equity in your home for investment or personal reasons, or your existing mortgage is nearing its renewal period, it's crucial to make an informed decision when it comes to mortgage acquisition, guided by impartial and professional advice.