Where Can You Get a Mortgage From?

ByLuke Wile

Posted in Mortgage News:

For anyone looking to purchase their first property, the process can feel overwhelming. Knowing who to turn to for advice—and where to get your mortgage—can be confusing. To make things a little easier, here are the three main places you can get your mortgage from:

Banks

Many people naturally go straight to the bank where they already hold accounts—and while this might seem like the easiest option, it isn’t always the best if you’re aiming for the most competitive deal.

Having all of your finances in one place might feel convenient, but it doesn’t guarantee that you’ll receive the best mortgage rate or product for your needs.

It’s a good idea to:

  • Visit your local bank branch and speak with a mortgage advisor
  • Compare offers from other banks in your area
  • Consider virtual or online banks, which often have fewer overhead costs and may offer more
    competitive mortgage rates

Even if you’ve been banking somewhere for years, it still pays to shop around.

Mortgage Brokers

Independent mortgage brokers are a great resource when you’re looking for unbiased guidance. Brokers work with multiple lenders and can give you access to a wide range of mortgage products—not just the ones from a single institution.

While a broker may recommend a mortgage from your existing bank, you’ll have the reassurance of knowing that it was compared against many others—and that you’re getting a competitive deal.

To start the process, stop by your local mortgage broker’s office for an informal chat. Most are happy to walk you through your options and answer your questions without any pressure.

Online Mortgage Brokers

While local brokers are extremely helpful, online mortgage brokers are becoming increasingly popular. Many of them work with a large network of lenders, giving you access to a wider variety of mortgage options and rates that suit your financial situation and budget.

One major advantage of working with an online broker is that you can still explore mortgage options even if you’ve been previously denied by a bank. These platforms often work with alternative lenders and are more flexible in reviewing applications.

There are several trustworthy digital mortgage services that operate 100% online, many of which are free to use and accessible 24/7—making the entire process fast, convenient, and paperless.

Now that you know where to go to get a mortgage for your first property, the next step is to make sure you’re financially prepared. While a mortgage is a major commitment, working with the right bank or broker can help you find a deal that fits your budget—without stretching you too thin each month.

Need Help Finding the Right Mortgage?

At Red Key Mortgage Group, we help first-time buyers explore all their mortgage options—from banks to broker-exclusive rates and online solutions. Our team is here to guide you every step of the way.There’s real responsibility involved, and it’s important that everyone fully understands the risks and expectations.

Call us at 403-460-7707 or Contact Us online to get started.