[articletitle} [mortgagedealstips.blogspot.com]
LeahCoss.ca I want to talk to you about banks and non banks and what the difference is, why I might put you at one as opposed to the other. Well, banks is really simple to explain because you see them every day. You probably bank with them every single week. They're the royal banks, the TDs, the Scotias, the HSBCs of the world. They're the places that you see the advertisements on TV for. You see them on every street corner, and you've grown to love and trust them. They offer you RSPs, insurance, checkings, savings, as well as mortgages. So mortgages is not their sole business. How that compares to a non bank is simply that non banks are not banks. You can't get a checking account. You can't get a savings account. You can't buy insurance. You can't buy RSPs or anything of that nature. Now why is that a benefit? Well, because it's obviously saving them costs. They don't have to pay for leases. They don't have to pay for employees. They don't have to pay for advertising because in actual fact, they're not trying to get your business. They're trying to get my business as a broker. When it comes to non banks, you cannot call them up and try to get a mortgage. They will actually refer you to a broker who will then talk to us. Why do they do that? Is it because they're being dicks? No, they're not. Why they're doing that is because it's, again, saving them time. It will cost a lot more money for them to deal with everyone in the general public than it is to just deal with ...
mortgagedealstips.blogspot.com What is a Non Bank Mortgage Lender - Compare to a Big Bank Mortgage Lender
Question by to_the_hurricave: Is there a website that offers a list of bank/mortgage lenders per state? Looking for a list of mortgage lenders and/or banks for each state. Any website out there like that? Best answer for Is there a website that offers a list of bank/mortgage lenders per state?:
Answer by Marko
Try bankrate.com . It'll give you a lot of lenders to look at - good luck.
