Why Use a Mortgage Broker?
Getting you the mortgage you deserve
Mortgage Brokers are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs!
As a mortgage broker, my focus is on finding the most suitable financing options for you. I stay informed about the latest competitive rates and know how to present your mortgage proposal to lenders in the most effective way. My goal is to make your journey to mortgage approval as smooth and successful as possible.
Mortgage Brokers work hard for YOU and NOT the banks!
With access to competitive rates and a deep understanding of the lending landscape, mortgage brokers are dedicated to finding financing options that truly fit your needs. They know how to present your proposal to lenders in the best way possible, so you can secure the right mortgage with confidence.
With so many options and features available to today’s homebuyers, finding the right mortgage can feel overwhelming. In a competitive marketplace, it pays to work with a mortgage professional who understands your needs and can secure a mortgage tailored just for you.
Choosing the right mortgage is key to saving money and building financial security. As trained professionals, mortgage brokers bring the expertise needed to help you make the best decision and save on your mortgage investment.
10 Reasons to use a Mortgage Broker
- Access to different lenders, banks, trust companies, investors and financial institutions.
- Fast credit and loan pre-approvals with no cost or obligation. (Some conditions may apply)
- They are experts at matching you with the best-suited mortgage.
- Get mortgage rates at wholesale, guaranteed up to 120 days.
- They work for YOU, not the bank.
- Up-to-date on all the mortgage rates, terms and re-payment options available on the market.
- They only specialize in mortgages and are knowledgeable on current trends.
- They increase competition in the market place, thus keeping rates low.
- They save you time and money!
- Brokers have vested interest in satisfying your needs since they rely on referrals and repeat business.
Why Choose a Mortgage Broker Beyond Just Rates?
While competitive rates are a major advantage, mortgage brokers offer much more. Because mortgage financing is their primary focus, brokers develop a deep understanding of each lender’s preferences and criteria. This expertise can make a significant difference, not only in securing the best possible rates but in ensuring your project is funded smoothly and successfully.
How Do Mortgage Brokers Find Superior Rates?
Interest rates are a key concern for borrowers, and a Mortgage Broker’s expertise can help you secure the best possible rate. Through daily interactions with lenders, brokers stay informed about which projects or homes qualify for favorable interest rates at specific institutions, while others may offer higher rates. In fact, some lenders will only accept mortgage applications through brokers.
Interest rates and lending preferences can fluctuate daily, influenced by economic conditions or the size of a lender’s mortgage portfolio. As your Mortgage Broker, I stay up-to-date with these changes and know exactly which lender to approach first. This means that the rates I can secure for you are typically among the best available at the time of your application.
Why Should I Go to a Mortgage Broker First?
Going to a Mortgage Broker first ensures your application is presented professionally, increasing your chances of a positive response while saving you both time and money. Starting with a strong application can prevent costly secondary applications that may come with multiple credit bureau inquiries.
The key to mortgage approval often lies in how your proposal is presented and who it’s sent to. A Mortgage Broker is trained to position your application with the right lender to achieve the best results quickly.
Just as you wouldn’t go directly to an insurance company, but instead work with an insurance broker for their expertise, product knowledge, and competitive rates, the same applies to your mortgage. So, be sure to call your Mortgage Broker first!
How Do Brokers Get Better Deals Than Many Banks?
Mortgage Brokers have access to a wide range of lenders, including traditional institutions like chartered banks, trust companies, and corporate or private pension funds.
Beyond these sources, brokers also build strong relationships with private lenders, who offer a variety of mortgage products not typically available through conventional channels. This broader network of lending options allows brokers to find better deals that may not be accessible through banks alone.