In most cases the interest rate that is obtained through a Saskatoon mortgage broker will be lower than the one offered if you were to directly approach your bank. As an example at the time of this press release a 5 Year Fixed mortgage through a standard bank has a rate of around 5.29%. A broker would be able to obtain a rate of around 3.09% on the same 5 Year Fixed mortgage which adds up to thousands in savings.
Another thing to know is that there is no cost to use the services of a mortgage broker as the bank where the mortgage is placed pays a referral commission to the broker.
If your looking at buying or refinancing your home get more information on choosing the right Saskatoon Mortgage Broker by watching this short video..