Is a mortgage broker different than just going to the bank to see what I am approved for?
Posted May 4th, 2010 by admin 8 Comments »
dozertank asked:
I am looking into buying my first home. I live in Ontario Canada, and everyone is telling me to go to a mortgage broker. I thought I would have to go the bank first to see what I qualify for. Is a mortgage broker and a bank, the same thing? I also heard something about a ‘first time homeowner’ thing that is also available. I am so clueless about this and I don’t want to get ripped off. Please tell me what steps I need to take to finally get out of this stupid apartment.
I am looking into buying my first home. I live in Ontario Canada, and everyone is telling me to go to a mortgage broker. I thought I would have to go the bank first to see what I qualify for. Is a mortgage broker and a bank, the same thing? I also heard something about a ‘first time homeowner’ thing that is also available. I am so clueless about this and I don’t want to get ripped off. Please tell me what steps I need to take to finally get out of this stupid apartment.