There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional.
There are several reasons why you are better off using a mortgage professional. A bank is limited with what they can offer to you. Being able to benefit from the various types of loans can help you to get approved. It can help you to get results based on your criteria. It can help you to get the lowest interest rate and to reduce your down payment.
You need to obtain the best information and the best offers. You may be a first time buyer, but that doesn’t mean you should be taken advantage of. Make sure you get your questions answered and you understand the process before you move forward. A mortgage professional is an unbiased 3 party in the mix. They want to help you get the very best deal out there!