Face Off: Bank Vs Broker

January 24, 2018 | Posted by: Darren Brown

Edmonton Best Mortgage Rate


The Stanley Cup final is here, once again Lord Stanley will stay in the USA. Maybe next year will be the year he returns home? I figured this is a good time to talk about the faceoff beween bank and broker.  The fact is, there’s really no contest on this one. The broker wins the faceoff every time. We're talking more faceoff wins than Jonathan Toews. That’s a heck of a game advantage. But let’s talk about why it happens: because it’s worth reminding ourselves why the smart money is always on the broker.



Available from a Mortgage Broker

Available from a Bank

Mortgage Choice


Over 50 lenders, including most of the major banks, credit unions, and national, regional and private lenders.

Every bank has its own menu of house mortgage products.

Mortgage Rates


Mortgage brokerages negotiate discounted rates with lenders, and have access to rate promotions and specials.  

Rates are set by the Bank. If there’s a better deal in the marketplace, you’ll have to find it yourself.




A mortgage broker works for you, not any one lender.

Naturally, mortgage specialists are there to build business for the bank.

Ongoing Service


Brokers offer ongoing advice and conduct annual mortgage reviews, showing you how to pay off your mortgage faster, power down debt, finance renovations, or invest in property.

No proactive advice is typically provided. You will get an annual mortgage statement.

At Renewal


Your broker will go to bat for you again – to make sure you have the best product and rate.

You may not be offered the best deal initially, requiring you to proactively contact the bank to negotiate.


We're local in Saskatoon and Edmonton, but can help clients all over Alberta and Saskatchewan. If you want a great broker to win the faceoff for you, please give us a all @ 780-616-2674 in Alberta, or 306-241-8519 in Sask.

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