Anonymous · 4 days

Can bank mortgage specialists get better deals with B lenders than brokers?

Someone told me bank reps can place files with B lendders easier than brokers can. Is that true? Should I jsut go through my bank if I know I'll need a B lender?

Answer

Donovan Bell

Mortgage Agent

Nope, it's usually the other way around. Bank specialists are tied to their institution or maybe a few partners, so they don't have nearly as much flexibility. As a broker, I work with a wide range of A and B lenders, some that the banks don't deal with at all. If you're not a perfect fir for the A side, a broker will almost always have more options for you.

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Donovan Bell is a licensed Mortgage Agent (FSRA#M25001032) with Dominion Lending Centres FC Funding – FSRA License #10671.

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