9 Reasons to use a mortgage broker
A mortgage broker can shop the best rates and products from 90 different Banks, Credit Unions and Trust Companies including the large banks and other mortgage providers.
A mortgage broker can shop the market to find the best mortgage products out there. This means that you only need to fill out one application form and the broker will find you the best options.
A mortgage broker gets paid a finder’s fee from the bank. The only time a fee would get charged back to you is if a private lender’s services are required.
There’s no need to work around a bank’s business hours. Some brokers can be available when it’s convenient for you, days, evenings and weekends!
Applying to multiple vendors can lead to lowering your credit score. A broker only needs to pull your credit score one time and can use that to apply to various lenders.
Brokers have access to a large range of products, eliminating the need to rely solely on one bank’s suite of products.
Mortgage brokers are certified and can point you towards the best product for you, not just what’s offered at one lending institution.
A mortgage expert works for you not the lenders and therefore provides unbiased advice focused on your needs.
Mortgage experts are quickly becoming the first choice of the educated borrower.
Putting the Pieces Together
Finding the right mortgage product is like putting the pieces of a puzzle together. There are many choices and resources available to help you decide which is right for you. But a mortgage broker can make sure you’re dealing with the complete picture.
This article is a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances.