7 Reasons to Use a Mortgage Broker

For many people, mortgage payments are their single largest expense. Yet, when
financing a home, most Canadians don’t comparison shop to ensure they’re getting
the best mortgage rate and terms available. This mistake can cost homeowners
tens of thousands of dollars over the course of their mortgage.

Here are seven ways mortgage brokers can help:

Access to competitive rates

Brokers deal with multiple competing lenders and can often access exclusive
rates. Based on the number of mortgages brokers complete each year, they also
have the power to negotiate rate discounts from lenders, which can be passed on
to their clients.

A free service

Mortgage brokers’ services are typically available at no cost to consumers.
Brokers are paid by the lender selected by their clients.

Knowledgeable advice

Brokers offer consultative service, advice and solutions that are customized to
each client’s needs. And unlike banks, brokers work for you.

Speed and convenience

Brokers will work around a client’s schedule to make the transaction as easy and
convenient as possible.

Pre-qualification

Whether you’re shopping for a new home or refinancing your existing mortgage, a
broker can help you obtain a pre-approved mortgage, often with up to a 120-day
interest rate guarantee.

Preserved credit rating

When you shop for a mortgage, there is an accumulation of lender inquiries on
your credit bureau report, possibly affecting your credit rating and,
ultimately, the rate and terms of your mortgage. This isn’t the case with a
mortgage broker, who only does one inquiry yet can still get many competing
lenders to quote on your business.

Peace of mind

The Canadian Association of Accredited Mortgage Brokers has a stringent Code of
Ethics that members are required to adhere to in order to retain membership.

The House Team is committed to providing quality information to help people make
informed decisions about their mortgage financing needs. Compare Canadian
Mortgage Rates. Need a mortgage calculator? Mortgage Calculator Ontario.
Mortgage Rates Ontario.

A bit of humor...


Powered By WPHumor

Famous Quotes..


Powered By Famous Quotes

Please Note... All links within articles are placed by their author-owners and not by this blog.Products with in those links may or may not be the best in the world.If it sounds too good to be true it could be a scam.Articles are posted for their info,ideas and or entertainment value only.

Powered By WP Footer