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@klf45 I definitely don’t have a printer. I don’t even have a desktop. I’m not a WFH person. Yes. I’m trying to understand the behind the scenes process better. I guess I could ask him point blank how he gets paid but wonder how transparent he’d be.

@mustardseedfaith I think I'm understanding better. Everyone is just doing their job & trying to get paid, but my broker is less likely to make any money on us as we're doing a basic renewal. My broker hasn't contacted me to tell me rates have gone down whereas the MS keeps calling me to tell...

@estrahs That's fair. In a world of hustlers & just terrible people it's refreshing to see that hey maybe i Just found a broker who's a decent dude & likes to share his knowledge freely. I'll hold onto that hope. Do you mind if I contact you personally closer to my maturity?

@estrahs Now that I know he doesn't get paid if we do a basic renewal with the same bank, ya, I'm curious as to why he cares about us or has any incentive to even call me back, lol. It's not even a big mortgage so I imagine there are far more tempting customers out there for him to work with...

@wangari Interesting. I didn't know this. I wasn't paying much attention to the bank on offer during the rate hold because all I think I did was hold onto the worst case scenario rate that was available at the time, but it's since gone down. I'll confirm if it was the same bank & update this in...

@swilson1 I do know the guy from back in the day, but I don't think he likes me enough to do me a solid like that, lol. I'm just super confused about the 3-way interaction & how I should approach each party to protect myself.

@jaxxi I’m not quite sure how brokers get paid, TBH. Are they incentivized if we switch banks? How DO brokers get paid🤣. I’m just so confused on this process.

@golfmaw Would it be in my best interest to try & work with this MS from the same bank as well then? Is it my broker being shady?

ONTARIO This is only my second term so I’ve never encountered this & I don’t understand it. Got a mortgage with bank X in 2019. It’s a smaller bank. Used a broker, B. Happy enough with the broker B & bank X. (Regret not switching from variable to fixed in mid 2022, but who doesn’t.) We’re...