what is the difference (if any) between banks and mortgage brokers?
I just bought a condo and trying to decided where to get my mortgage from. I have things initially set up with RBC (pre-approval) but found a couple of brokers that are offer lower rates
RBC: Variable closed @ Prime (2.25)
broker: Variable closed @ Prime - ~0.2 (2.05)
is there major advantages / disadvantages between banks and brokers?