For a borrower, choosing between going to their bank or using a commercial mortgage broker isn’t about loyalty, convenience, or even the mortgage rate.
It’s about understanding the true cost and risk of your loan. What looks like the cheapest option upfront can become the most expensive once fees, prepayment penalties, guarantees, deposits, and covenants are factored in.
Before committing to a loan, you need an apples-to-apples comparison of all the costs, and a clear understanding of which option actually fits your deal.