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How to get the lowest rate on your mortgage (new and renewing mortgages)

Build Wealth Canada Podcast

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Wholesale Lenders - Are There Any Negatives?

i went with a wholesale lender because my morgage broker presented it as a, the big banks are offering these rates. These wholesae lenders are funded by the big banks. So if anything were to happen to them, which v heard of a wholesale lender running into problems, ore going under, or anything like that, youare essentially borrowing money from them. Another lender would take over your mortgage and nothing would happen with your property. Ye basically, you're getting a lower rate and better prepayments, lower penalties, and there's absolutely no extra risk to you. I'm very happy about the wholesale lender that i went with.

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