When it comes to securing a mortgage, the first thing on most borrowers' minds is often finding the lowest interest rate. While this focus is understandable, it’s important to recognize that the mortgage rate you qualify for depends on your unique financial profile, and the terms of your mortgage can have a much greater impact on your long-term financial health than the rate alone. Let’s explore why your individual circumstances matter, how mortgage brokers differ from banks, and why choosing the right product is more important than chasing the lowest rate.