This is the fourth in our mortgage myths series. Elissa Fesyk is asking Jason about the myths surrounding banks and brokers.
If you have been with a bank for a long time and have a great relationship with them, do you need a broker? It depends. From Jason’s perspective, a client should benefit from expanded options.
Jason does work with banks as well; it just depends on what the best option for the client is. There are any number of circumstances that could impact the decision of your borrowing, and having options is always going to be beneficial.
If the best deal for you is at your bank, Jason will place you there. It doesn’t always make a difference, but sometimes the relationship can benefit you. However, they aren’t beholden to you, unlike brokers who want to get you the best deal.