(Newswire.net — September 4, 2014) Surrey, BC — “For people who are inexperienced with negotiating, who aren’t sure what the best mortgage product is for them or have a less-than-stellar credit rating, they can save time, money and hassle by using a mortgage broker”- The Globe and Mail
There is No Cost to the Client
Mortgage brokers are paid by the lender, not their client. This means there are no out- of- pocket expenses for using their services. The only exception to this is the possibility of paying legal or appraisal fees; however, sometimes lenders may pay these fees as well. Inquire about these costs when you speak with your mortgage professional.
They Get the Best Rates
Mortgage brokers shop around and negotiate rates for you so they can present the lowest market rates available. Because they have access to a variety of lenders and purchase a high volume of mortgage products, they are able to pass on volume discounts to their clients. And since they compare rates for you, they save you valuable time that you would spent inquiring with different institutions yourself.
Personalized Service
Because you’ll be working directly with a broker, you have the opportunity to develop a relationship with them and have them get to know you and your needs. Unlike a bank, which offers a generic service, a mortgage broker sits down with you and helps you determine what is best- and affordable- for you. Mortgage brokers will help you understand what is involved in qualifying for a mortgage and help you every step of the way. They have your best interests at heart.
They Continue to Help You After You have Bought Your Home
Just because your have bought your home, your mortgage broker continues to keep tabs on market rates for you and will keep you informed of better rates and tips to help you pay off your mortgage faster. Unlike banks, a mortgage broker will continue their personal relationship and service with you to ensure you receive the best value possible. They don’t stop working for simply because you have purchased your home.
Are you trying to qualify for a mortgage? Do you need help understanding the process and what you can afford? Visit andreiabrazil.ca for personalized help to get you approved- even if the banks have turned you down.
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