Personal Finance and Investing

I don't know your system there but mortgage brokers here deal with several different mortgage companies and banks, although some of our banks have their own brokers that strictly work for them. In Canada a mortgage broker gets paid by the lender not the borrower and can give you a number of choices, if you don't want to do the leg work yourself. I am just not sure how your system works but if it is similar, find on that is good, honest and works in your best interest. If it is the same they can usually get better rates for you and should explain the entire process, providing you with all the available options, with best terms, best rates etc. That is their job. They will usually pre-qualify you but if you want a pre-approval get the letter from the lender, with terms etc. outlined. It will help you negotiate when you find the right home.