Why “Keep Pushing for a Better Rate” Might Be Costing You More Than You Think

Screenshot of a Thread from @canadianrealestatemarket

Image courtesy of Jeff Shweitzer from I Love Mortgage Brokering

Why “Keep Pushing for a Better Rate” Might Be Costing You More Than You Think…

And how Mr. Mortgage actually gets you the best deal the right way

You may have seen a post recently on Threads from thecanadianrealestatemarket saying:

“Every mortgage broker and bank can actually offer a better deal, even if they claim it’s their best offer. They have access to buy down basis points, request manager exceptions, and more. Never stop pushing for a better mortgage rate by shopping around.”

It sounds empowering, right? But let’s break this down—because sometimes advice that sounds smart on social media can actually leave borrowers worse off, confused, or burnt out.

🤔 Here’s What They Get Wrong

Yes, brokers can request rate exceptions or use lender-paid buydowns in some situations. But here’s the catch:

1. You’re not always comparing apples to apples

One lender’s lower rate might come with:

  • Higher penalties if you break your mortgage early

  • Poor prepayment privileges

  • Limited porting options or restrictions that don’t fit your life

A slightly lower rate could cost you tens of thousands more if life changes and you need flexibility.

2. Pushing for the “lowest rate” can burn your credit

Every time you shop aggressively, some lenders do hard credit pulls. Multiple hits on your bureau within a short time frame can hurt your score—and ironically, make you less attractive to the very lenders you’re applying to.

3. Broker relationships matter

Many lenders operate in tiers: brokers who send consistent, clean, reliable business get faster approvals, better exceptions, and smoother closings.

If you treat your broker like a haggling car dealer, you may burn bridges with both the broker and their lenders—and lose out on real opportunities down the line.

💡 Let’s Talk About What Really Matters: Total Mortgage Strategy

At the end of the day, it’s not about squeezing the last 0.05% out of your rate.

It’s about getting the best overall mortgage plan based on your:

  • Goals (e.g., buying again in 3 years? Going self-employed?)

  • Lifestyle needs

  • Future flexibility

  • Long-term cost (not just upfront savings)

That’s where I come in.

👋 Why Work With Mr. Mortgage?

I’m not here to just quote rates—I’m here to build your complete mortgage strategy and help you win long-term.

✅ I negotiate hard behind the scenes with lenders to get you the best deal

✅ I review penalty clauses, porting rules, and prepayment perks so you’re not stuck later

✅ I don’t just send you a rate—I explain why it fits your situation best

✅ I’m honest when a better deal is possible elsewhere—and I’ll tell you when to take it

Because this isn’t about selling you something. It’s about building long-term trust—and helping you stay financially confident no matter what the market throws at you.

📲 Thinking about buying, renewing, or refinancing?

Let’s sit down and build your custom mortgage plan—one that balances rate, flexibility, and long-term peace of mind. No gimmicks. Just real advice, built around you.

Connect with me today via Instagram at @_mrmortgage or text me directly. Let’s make sure you’re not just chasing rates—you’re winning with strategy.

Let me know if you’d like a shorter version for Instagram or Threads too!

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