Banks may advertise competitive rates from time to time — but brokers consistently have access to better options, more products, and more flexible solutions. The difference comes down to choice, representation, benefits, and long-term protection.

See why working with a broker puts you in a stronger position from day one. 👇

While banks can only offer their own products, brokers compare multiple lenders and customize the mortgage to match your goals — not theirs.

1️⃣ More Choice and More Lenders

Banks can only offer a limited menu of their own products.

✔️ typically 3–5 mortgage options

✔️ no access to alternative lenders

✔️ can only approve within their internal rules

Brokers access banks, credit unions, trust companies, monoline lenders, and private lenders — ensuring you get the best fit, not just the best available at one institution.

2️⃣ Better Representation and Advocacy

Bank staff work for the bank — brokers work for you.

✔️ brokers are provincially licensed

✔️ required to put clients first

✔️ negotiate rates, terms, and penalties

✔️ assist with early payouts and restructuring

Banks rarely offer their best rate upfront unless you negotiate aggressively. Brokers negotiate for you automatically.

3️⃣ Additional Benefits You Won’t Get at a Bank

Some broker-friendly lenders offer home warranty protection.

✔️ plumbing, heating, electrical repairs

✔️ low deductible

✔️ 1-year complimentary warranty with some lenders

✔️ extended warranty options with others

This is especially valuable when buying an older home with no existing coverage.

4️⃣ Better Insurance Protection and Portability

Broker mortgage insurance is fully portable between lenders.

✔️ same high-quality coverage

✔️ keeps you eligible even if health changes

✔️ allows you to move lenders freely

✔️ prevents being “trapped” at renewal

Bank insurance is tied to the bank. If your health changes, you may be unable to switch lenders — forcing you to accept higher renewal rates. Broker insurance protects your independence.

💬 Final Thought

Banks offer good products — but brokers offer more choice, better protection, stronger representation, and access to solutions tailored to your long-term goals. When you want flexibility and the best possible mortgage strategy, a broker delivers the clear advantage.

If you’d like us to compare bank, credit union, and monoline options for your situation, send The Frontline Mortgage Group a message anytime.