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Updated about 3 years ago,
First rental property loan advice
I'm new to investing and I'm just starting to put a team together. Currently in the process of chatting with a few realtors. I have a question regarding where I should get my mortgage for this first investment/rental property from.
I currently have a primary residence and its mortgage, but I'm planning to put rental properties under a LLC (or corporations in Canada), what process/place would you recommend I get the first mortgage?
From what I researched so far, (investor-focused) mortgage broker has been recommended a lot, but seems like a mortgage broker is a great way to find loans but not so on saving money. So given I'm at the very early stage, I assume it's easy to just get a loan from a bank (given my reasonable income etc.), would it still be better to talk to a broker?
Thanks!