Please do ask me "What is your best rate?". Of course you want to know the best rate that a mortgage broker can offer. You want to save money!
It is an interesting question these days, partly because a mortgage broker can refer to different lenders who have slightly different rates. But there are many more things that affect the best rate you can get. Think of a mortgage rate as an individualized rate tailored to you.
List of things that may affect your mortgage interest rate:
The size of your down payment
How well you can prove your income (for example are you self employed or do you get bonuses?)
Whether your mortgage is for an investment property or for a property that you will live in
Whether you are purchasing a home or refinancing a home
Your credit score
Whether you want to have a line of credit attached to your mortgage
The terms for paying down your mortgage early
The size of your mortgage
The length of your amortization
The condition of your property (is it a former grow-op?....before you bought it of course)
The weather (well not that one....yet)
You are best served by having a thorough discussion with a qualified mortgage broker to find out what is your best rate.
Moral of the story: Pick up the phone and ask "What is the best rate for my circumstances?".
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