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Hello and welcome to another mortgage update, courtesy of your friends here at TMG The Mortgage Group. You might be wondering what I am doing with 2 boxes of cereal. Other than to remind you that it is always a good idea to eat breakfast I want to share a recent shopping experience.
This smaller box of my favourite breakfast cereal was bought at Safeway two days ago for $6.98 and this bigger box, actually twice the size was bought a day ago at Costco for the same price. It's like Costco has a two for one sale with their regular price.

There are a couple of points I would like you to take away from this. First, my loyalty to Safeway is not serving me very well and you might want to think about loyalty to your bank when it comes to a mortgage. You might think they have a good deal but checking with a mortgage broker like myself might show that you have left a lot of money on the table. The second point has to do with product difference. While these two boxes of cereal are quite easy to compare based on price, a mortgage is quite a bit different.
A typical mortgage document is 30 pages long and the part about the interest rate covers less than half a page. This is where one mortgage differs dramatically from another. My role as your mortgage consultant is to review the fine print and help you make an intelligent choice knowing all the facts. That's a role I have been playing for over 18 years. I'm John Charbonneau here at TMG The Mortgage Group, reminding you that we are never to busy to let you or any of your friends know what your mortgage options are. Until my next video, have a great day.