There is a lack of transparency on the products available, the terms and hidden fees along with the rates.
Big Banks offering higher rates, in hopes of converting captive clients upon renewal time.
Banks not fully explaining the features or costs involved in both the mortgage transaction or the mortgage insurance transaction.
Mortgage Brokers with conflicting interests - pushing for the best deal, while maximizing their commission (e.g., Certain type of mortgage products or lenders the choose for you!)
Overall, the application process is usually complex, time-consuming, stressful, and hard to find time to do nowadays with the limited time we all have.
The Canadian Mortgage Portal goal is to ensure you get the best possible advice and solution for your mortgage needs, while ensure a quick and easy process using technology to help make everything easier for you!