I am looking into buying my first home. I live in Toronto Canada, and I'm considering shopping for mortgage through a mortgage broker. Even though I have very good credit score and not in rush to get the mortgage but I think a mortgage broker is able to find a better deal.
I was wondering if there is any risk involved in taking a mortgage with very good interest rate from an UNKNOWN financial institution? if the lender goes bankrupt what's gonna happen to us?
I'd really appreciate if you share your experiences!
I was wondering if there is any risk involved in taking a mortgage with very good interest rate from an UNKNOWN financial institution? if the lender goes bankrupt what's gonna happen to us?
I'd really appreciate if you share your experiences!