Why Use a Mortgage Broker?
Simply, a Mortgage Agent finds you the best deal on a mortgage. It is impossible to know that you have negotiated the best mortgage until you have shopped all of the financial institutions competing for your business. Mortgage Agents have access to the latest information from a multitude of mortgage lending institutions at their fingertips. This gives you more choice and competitive rates, and impartial advice as Agents are not beholden to any given lender institution or company.
A lower interest rate can save you thousands of dollars over the life of a loan. The right terms (the fine print!) can save you even more over the term and life of your loan. The amortization period, renewal date, payment frequency, prepayment privileges, penalties, and fixed or variable interest decisions can save you thousands more!
Mortgage Professionals also provide comprehensive service and fast approvals on mortgage financing. Mortgage Agents are full-service brokers, coordinating all the details between you and your lender as well as your Real Estate Agent or Builder, Lawyer, and Appraiser to ensure that your purchase, renewal or refinance proceeds smoothly from application through to closing.
Mortgage Agents are expert negotiators and knowledgeable credit advisors and will gladly take the time to help you understand all the details involved in your transaction.
While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada's largest banks, credit unions, trust companies, and financial institutions; offering their clients more choice, and access to hundreds of mortgage products! As a result, clients benefit from the trust, confidence, and security of knowing they are getting the best mortgage for their needs.
Did you know that it should never cost qualified applicants to have a Mortgage Agent work on your behalf? Mortgage Agents are compensated by the lender in most cases, for arranging mortgage financing on your behalf.
A fee is charged only for the most challenging credit solutions, where a mortgage professional can do for you what your bank cannot, and in commercial lending.
If you are looking for a pre-approved mortgage, purchasing real estate for personal or investment use, renewing existing financing, or considering debt consolidation through home refinance, it's important that you are making an educated decision with someone looking out for you. Call Dara today at 416-827-6779!