Of growing concern to many Canadian homebuyers is the lack of personalized service offered by the national banks. There is a perception that banks bend on rates and terms only as much as they feel they have to in order to gain or retain your other banking business. That's where my services, as an outside mortgage representative, can be a great benefit to you.

        You may have noticed that, in many cases, your bank will quote you a non-discounted, posted interest rate for your mortgage. Unless you know enough about the mortgage market to negotiate, or have retained the services of a mortgage broker to do so for you, you may not be getting the best rate possible by just contacting your bank.

        Canadians are taking notice that quality brokers are assuming the role of referee in the morgage arena, keeping lenders across the country on their toes when it comes to securing the best interest rate and terms possible for their clients' specific needs. Only a few short years ago, less than 20 percent of Canadians used a mortgage broker to help them secure their mortgage. According to the Canada Mortgage and Housing Corporation, the national average in now 33 percent. That's a full third of Canadians who are now turning to an accredited mortgage broker for advice, guidance and placement of their mortgage.

        Negotiation and leverage are only two of many advantages of working with a mortgage representative. Note that brokers are not affiliated with any one lender, and we do not get paid unless you are satisfied with the terms of the mortgage we arrange for you (Note: In some complex cases a broker may charge a fee for their service). This arrangement provides you with a professional, educated and objective source working exclusively for your best interests.

Call me with any questions you may have on today's mortgage market, and how it may apply to you.