The difference between a banker and a broker comes down to the products each can offer, and where their allegiances lie.

A banker is paid by the bank, to make the bank money, while a mortgage broker is paid by the lender to get you the best mortgage available.

A mortgage broker has access to multiple lenders and shops around to get their clients the best mortgage product available.

Working with a mortgage broker provides you with options right across the board. Instead of having to go in and fight the bank for a deal, your mortgage broker does all the leg work and outlines your options at several lenders. As the lender pays the mortgage broker upon closing, there is no cost to you.

At Robinson Mortgage we pride ourselves on saving our clients money upfront and over the course of their mortgage. We commit to provide each of our clients with long-term mortgage management to ensure they realize the lowest overall cost of borrowing possible.

A banker works for a single financial institution, and can only offer mortgage products from that institution.

As banks can only offer you their rates and products, they are very limited in the options they can present. Typically, they won't offer you the best deal to start with, however, will eventually negotiate on terms and rates, but you will be responsible for doing the negotiations on your own.

If you have a mortgage up for renewal, or you would like to refinance, it is always in your best interest to contact your mortgage broker first. That way you can ensure all options are laid out to ensure you are taking the best course of action.