What Your Bank Won't Tell You

Readiness Tool for Home Buyers: https://home.growwithnav.com/ 📞 Book a 1-on-1 call → https://www.growwithnav.com/book-a-call 🎥 Watch Next: How We Saved Our Client $170,000:    • The Mortgage Strategy That Saved my Client...   Looking for the best Mortgage rate? 📞 Book a 1-on-1 call → https://www.growwithnav.com/book-a-call 🚀 Watch the First time home buyer masterclass - https://www.growwithnav.com/freeclass 🌱 Join my Inner circle → https://www.growwithnav.com/grownation 🧠 Free weekly Newsletter → https://www.growwithnav.com/free-news... 📊Resources: https://www.growwithnav.com/5amclub 🎥 What This Video is About: Canada’s biggest banks made almost $70 billion in profit last year — while many families in the GTA were getting crushed by mortgage renewals, higher interest rates, bankruptcy pressure, and unaffordable payments. But this is not a “banks are evil” video. In this video, Navjot breaks down how banks, mortgage specialists, lenders, brokers, and advisors are all driven by incentives — and why understanding those incentives matters before you trust anyone with the biggest financial decision of your life. We explain the difference between mortgage eligibility and mortgage affordability, why banks may approve you for more than you should actually borrow, and how mortgage fine print like penalties, bona fide sales clauses, discharge fees, and creditor insurance can cost you thousands if you don’t understand them upfront. You’ll also learn what an aligned mortgage process should look like — one that helps you choose the right mortgage amount, understand the real cost, protect your family, and build a long-term financial plan instead of just getting approved for the biggest loan possible. If you are buying a home in Canada, renewing your mortgage, comparing mortgage rates, working with a bank, or trying to understand what you can truly afford, this video will help you ask the one question that matters most: How does this person get paid — and is their incentive aligned with me? 🏡 Grow With Nav is not just a channel — it's a movement. I’m a licensed mortgage agent (Indi Mortgage, FSRA#12403) helping first-time buyers retire early, build net worth, and become mortgage-free smarter and faster. Every video is a blend of storytelling, financial truth, and actionable strategy. 00:00 Big Banks, Profits, and Mortgage Renewals 00:55 Banks Aren’t Evil — They Follow Incentives 03:01 Eligibility vs Affordability 05:22 How Our Mortgage Process Is Different 06:07 How Banks Make Money Beyond Mortgages 07:22 Mortgage Clauses That Can Cost You 10:05 What Aligned Financial Advice Looks Like 12:21 The One Question to Ask Before You Trust Anyone