How to Choose the Right Mortgage Lender

When choosing a mortgage lender in Canada, consider lender reputation, customer service, and qualification criteria. A lenders, like major banks and credit unions, offer the best rates but have strict requirements. B lenders serve those with lower credit scores but charge higher rates. Private lenders provide quick access but at higher risk and cost. Using a mortgage broker can simplify comparisons and help find the best fit. Changing lenders is easiest at renewal to avoid penalties.