What does ‘local’ even mean anymore, when nowadays you can typically get a mortgage from the comfort of your phone or couch?
Plus, a truly local expert who does ‘just’ mortgages can offer deeper experience compared to a specialist from a big bank who has to don many hats to sell you their products. True North Mortgage Founder and CEO Dan Eisner describes their local advantage. “In Ontario, for example, we have established relationships with many big banks and local lenders and know the rules,” Dan explains. “Our brokers are also salaried and non-commission-based, which allows us to offer volume-discounted rates and unbiased, one-on-one solutions for our clients. The result can be significant savings for a mortgage renewal or first home and over the life of the mortgage.
“My client needed a mortgage for a new rental property purchase,” Manoj explains. “It was their second property , and they worried about the down payment requirements, rate, and non-traditional income sources. After asking questions and understanding their unique situation and family needs, I found them a local lender with the right terms at an excellent rate.”