A mortgage broker is paid by the lender but works for you. He or she will take your specific terms into consideration when searching for, and obtaining a lender. Your mortgage broker should have your best interest at heart and work to find you the best interest rates available on the market. You have the option of course, to work directly with your financial institution however, your mortgage broker will most likely be able to find you a better rate by canvassing financial institutions that might be more aggressive in obtaining new clients. He or she will most likely have access to less popular (or less known) lenders. These lenders are usually based out of Ontario and will often consider loaning to borrowers with less than perfect credit, or who require more flexibility than the average financial institution can provide. If you need assistance in obtaining a mortgage broker, don't hesitate to contact Smith Alliance today. We can guide you in the right direction.