Mortgage brokers provide CHOICE…. if you only approach one mortgage lender, you will only ever know the rates and terms that one bank has to offer. It would be like just looking at one house before making an offer to purchase! Yes, they all have four walls, a roof and some similar features, yet each home has unique differences and details that can prove to be very important. By looking at many homes, you found the one that is just right for you. By considering many available lenders and mortgages, your government licensed mortgage broker can find the one that is perfect for your situation.
What is mortgage broker?
Mortgage professional is an independent mortgage consulting service. Unlike your traditional experience, a mortgage broker can quickly understand your mortgage situation and provide you with the most suitable product.
Why uses a mortgage broker?
1. Save time and money: Rather than going to different banks, setting up new appointments with different banks and potentially lowering your credit score, your mortgage broker is your one-stop shop to resolve all the legwork. Usually you will only need one meeting (in person or a phone call) with your mortgage broker. The rest will be handled in emails. More time saving is more money to your pocket.
2. Lower interest rate: Most mortgage brokers receive volume discounts from their top lenders and this means you can have access to a lower rate.
3. No fees*: In most cases, you do not need to pay additional fee to your mortgage broker. Your mortgage broker is compensated directly from the bank or lender.
4. Unbiased advice: Unlike the banks focus on their best interest, your mortgage broker works for YOU.
5. More options: Not all mortgages are the same and many mortgages require creative yet strategic lenders from outside of your traditional banks. A mortgage broker typically has access to over 20+ lenders (or more, depending on the mortgage firm). This means a mortgage broker can provide more solutions than your existing option and possible with a better rate. (That’s money saving!)
Are you ready for the next step? Call me today and let me show you the options!
