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3 Apr

Banks vs Credit Unions vs Monolines? Which to Choose for YOUR Mortgage?

General

Posted by: Jennifer Fuentes

When going over mortgage options with my clients, I always discuss banks, credit unions and monolines aka “broker lender” financial institutions.

Do you know which of the three:

  • will offer their discounted rates at renewal?
  • will have far lower exit penalties?
  • you could port your mortgage across Canada with?

Please ask me if you need clarification!

Here is a great article to see just some differences:

Banks vs Credit Unions vs Monolines