Working with a mortgage broker has benefits compared to working directly with a bank - and a better rate is only one of them. If you’re reading this, you’re probably looking for a mortgage and trying to figure out why you would work with a broker over working directly with a bank. That’s a fair question - wouldn’t a broker charge for their time? In actuality, a broker is usually only paid a finder’s fee - and potentially a volume bonus - by the bank that funds your mortgage.

Each mortgage is different, and each lender has different requirements - but there are a few things that are always needed. If you want to apply for a mortgage - and that can be for a multitude of reasons - one of the questions you’ll probably ask yourself is ‘what do I need to do this?’ And if you’ve never applied for a mortgage before, this can be a confusing and frustrating process. There is an easy answer: find a mortgage broker to work with, like a member of the Essentia