Another option is to choose a lender you prefer and then negotiate with them. Lenders are in a competitive market. They monitor each others market share carefully. They love to "book" new business and depending on your timing and negotiating skill, there are good deals to be had.

You may get a better deal by having them view you as a package -not an isolated deal. Offer them your RRSP, credit cards, business banking, checking account and any other bank products you use. Tell them that if they give you a good deal -you'll switch everything over to them. There is no downside to this -the only certainty is that if you do not ask for a better deal you are not likely to get one! This is one advantage you have working with a particular lender over a mortgage broker.

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