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Originally Posted by Kolbe31
My girlfriend and I recently bought a house, and we're currently working with our mortgage broker to get the best rate. CIBC seems to be the front runner, however there's a company called Concentra Financial that we've also talked about. Does anyone know anything about Concentra? I've never actually heard of them. Apparently they're a credit union company, although I'm not sure what the difference is between that and other financial institutions. My gut tells me that I should go with a bank, like CIBC or RBC. Does it matter?
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I am familiar with Concentra. They are a very solid lender, I would have no problem obtaining a mortgage through them or putting any of my clients into a mortgage through them either.
A lot of the smaller lenders often beat the rates the big banks can get you. It definitely pays to shop around or have a broker shop around for you.