When it comes to getting a mortgage, a common mistake many Canadians make is believing that their personal bank is the best and only place to get a mortgage. But what they don’t know is that there are many alternative mortgage options and features that may be more suitable for their specific needs. If you’re a first-time homebuyer or someone looking to refinance your mortgage, here are three key benefits of working with a company like Homewise, compared to the traditional banks.

Simple application process

At Homewise, you can easily apply online for a mortgage in just five minutes – all from the comfort of your own home. You’ll be taken through simple questions to help construct your profile and find the best mortgage options based on your financial situation and other key factors. Following the submission process, you will be assigned to a specialized Mortgage Advisor who will assist you through the mortgage process.

At a traditional bank, this process can feel much lengthier, taking days to complete. Not to mention, home buyers are required to physically go into the bank and don’t have the luxury of completing their application online.

More mortgage options and features

Our main goal is to find every home buyer the best full-feature mortgage – saving them time and a lot of money. Instead of presenting a single, cookie-cutter mortgage option, we work closely with over 30+ banks and lenders and negotiate on your behalf. Buyers get access to a full view of the options and mortgage features available in the market, as well as an opportunity to compare so they can make an informed decision.

Traditional banks are biased and will often offer a mortgage that primarily benefits the institution more than the borrower. They may sell you on rate alone and not provide transparency on the key features that could save you more money in the long run. That’s why it’s important to shop around and really consider what’s out there.

Access to a free personal Homewise Advisor to guide you at each step

We know the process of getting a mortgage can be confusing. That’s why we provide each client with a personal, unbiased Advisor to share mortgage advice and answer any questions they may have. At Homewise, we guide buyers from A-Z to ensure that their mortgage and buying experience is a great one.

Access to helpful mortgage resources

We offer a wide range of resources to help first-time home buyers navigate the complex world of mortgages. The First Time Home Buyers Zone is a free resource hub for first-time buyers looking for simple and educational tools to learn more about mortgages and the home buying process. We provide a series of articles and videos that cover important topics like how to improve your credit score or whether you can borrow funds for a down payment.

From the minute you choose a lender to when the keys are in your hands, Homewise is with you at every step. After you apply with us, your dedicated Mortgage Advisor will work with you and your lender to get your mortgage finalized, ensuring that all documentation and key information is prepared to bring you to final approval. We'll also be there if you have any questions or need clarification on anything – and of course, helping you understand all of the fine print.

Homewise clients save thousands compared to those who go the more traditional route. Also, Homewise is completely free! Apply online with us today in just 5 minutes.