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 Why use a mortgage broker?
 While some banks and financial institutions will give you the impression that they are offering prime mortgage rates, that isn’t always the case. You owe it to yourself, your family, and your future to shop around. There was a time, not long ago, when financial institutions were the No. 1 choice for homebuyers when it came to getting a mortgage. No longer. Times have changed, and these days, more and more people are seeking the services of a mortgage broker. There are several reasons for this change Choices In the electronic age we live in, brokers can access every major lender in Canada. They will negotiate with innovative, broker-only lenders who will ensure that you are getting the best deal possible. Expertise A mortgage broker’s livelihood is tied to finding the best rates for the buyer. This means they have an acute insight into all the top features, rates and products available, from the western-most point of Vancouver Island to the eastern tip of Newfoundland. They study rates daily, and know how to sniff out the most competitive ones. Reputation Mortgage brokers only deal with reputable Canadian financial institutions. Their own reputation relies on a satisfied buyer. One on one service A mortgage broker will explain, in layman’s terms, the details of your mortgage, to help put you at ease, and give you a better understanding about the purchase you are about to make. Unbiased advice Because they are working with a multitude of lenders, the broker is loyal to you, the buyer, and not to one particular lender or one type of mortgage. |
