What is a Mortgage Broker?
A mortgage broker is an independent agent not tied to any one financial institution and works solely for the best interest of the consumer. Home owners are using mortgage brokers for their financial needs more than ever before. More than 1 in 4 Canadians and growing are using mortgage brokers to shop for the best rates on the consumers behalf. With any major investment your home being one of the largest, it’s really important to do your research and shop around for the best solution. This is exactly what I do as an Independent Mortgage Agent. As a skilled mortgage broker I work to understand all of my clients’ needs, shop all the lenders and come back with options that best meet the long and short term objectives of my clients.
What will a Mortgage Broker Do for You
Financing your home through an independent mortgage broker rather than a lending institution will definitely save you time and money. It simply makes sense – I do the legwork which save you time with one stop. I then shop your mortgage to the lending institutions who bid on your business, resulting in the best rate, which saves you time and money.
I understand many consumers expect their own bank will give them the best rate and product. The bottom line is that your bank does not have access to all the lenders and products on the market. They typically have a limited number of prepackaged mortgages available to them. Another way to think about it is: If you were thinking about buying a car but you didn’t know what vehicle you wanted or needed. Would you go straight to one dealer or would you shop around at an auto mall and compare? Now, think about having someone there to take you around, tell you all the differences in the vehicles, dealer services and negotiate on your behalf. That is what a mortgage broker does. It simply makes sense and savvy consumers know this.
I have direct access to over 40 competitive lending institutions. This grants a greater likelihood of approvals of higher mortgage amounts as well as access to unique products many only offered through the independent mortgage agent channel. This situation provides me the leverage in negotiating extremely competitive mortgage products, terms and rates.
I offer true unbiased advice with my clients best interests in mind.
What is a Mortgage?
This is a security for a loan on the property you and your family own, as you will see there are many types of mortgages to choose from.