Buying a home and getting a mortgage is a big financial decision. It is important to shop around and see what mortgage products and features different lenders offer to find one that best suits your needs.

Be sure to research and compare mortgage products offered by a number of potential lenders directly or talk to a licensed mortgage broker or agent who works with multiple lenders and can help you understand the types of options available. Think about your current financial situation, your income, your debts and other payments, and any future plans that may impact your housing or financial situation. Licensed mortgage brokers and agents help to arrange a mortgage option that is suitable for you; it’s ok to ask your them why they’ve made a certain product recommendation, and/or how the terms of the loan match the financial (and lifestyle) circumstances you have shared with them.

Check if an individual or business is licenced. Read more on Working with a mortgage professional.