Why Work With a Mortgage Broker Instead of a Bank?

When it comes to getting a mortgage in Ontario, many people assume their first step should be walking into a bank branch.

While banks are one option, working with a mortgage broker often provides more flexibility, more choice, and stronger long-term results.

At Centum Chartered Finance, we help clients make smart mortgage decisions by giving them access to more than just one lender.

One Bank vs Multiple Lenders

When you go directly to a bank, you only have access to their products, rates, and approval criteria.

A mortgage broker works with multiple lenders, including:

• Major banks
• Monoline lenders
• Credit unions
• Alternative and private lenders

This means you get more mortgage options — not just what one bank is offering.

Better Rates Through Market Competition

Banks promote their own rates, but they aren’t always the most competitive.

Mortgage brokers compare rates and terms across many lenders to help secure better pricing, flexible conditions, and more suitable options based on your situation.

This can lead to long-term savings over the life of your mortgage.

More Flexible Approval Options

Banks have strict approval guidelines.

If your income is complex, you’re self-employed, or your financial situation doesn’t fit neatly into a standard application, a bank may simply decline your request.

A broker has access to alternative lenders who use:

• Different income verification methods
• Flexible credit assessment
• Customized lending programs

This increases your approval chances and expands your options.

We Work for You, Not the Lender

A bank employee represents the bank.

A mortgage broker represents you.

At Centum Chartered Finance, our role is to understand your financial goals, explain your options clearly, and help you make the best decision for your future — not push a single product.

Support Beyond Just Approval

We don’t disappear after you get your mortgage.

A mortgage broker provides ongoing support with:

• Mortgage renewals
• Refinancing strategies
• Interest rate guidance
• Payment restructuring
• Long-term planning

We stay involved throughout your entire homeownership journey.

No Extra Cost to Most Clients

Many people assume using a broker is more expensive.
In most standard mortgage cases, our services cost you nothing — lenders pay us a fee after your mortgage closes.

This means you get expert advice and options at no extra cost.

Saves You Time and Stress

Instead of visiting multiple banks and filling out several applications, a mortgage broker handles the process for you.

We deal with the lenders, paperwork, and communication — so you don’t have to.

You get one point of contact and a streamlined process from start to finish.

Why Ontario Borrowers Choose Centum Chartered Finance

Our clients work with us because we provide:

✔ Personalized mortgage strategies
✔ Access to a wide lender network
✔ Transparent advice and education
✔ Ongoing mortgage support
✔ Professional guidance without pressure

We focus on long-term relationships, not one-time transactions.

Decide With Confidence

Choosing the right mortgage starts with choosing the right advisor.

If you’re buying, refinancing, or renewing in Ontario, working with a mortgage broker gives you broader access, deeper advice, and better long-term outcomes.

Connect with Centum Chartered Finance today to explore your mortgage options with confidence.

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