Why Work With A Borker
Top 10 Reasons To Use A Mortgage Broker
Most people are surprised by the amazing number of things a broker can do for them. Even more so, they are impressed by how easy things can be with a broker!
Below are the top 10 reasons why our clients work with us:
It could take weeks for you to organize appointments with competing mortgage lenders — and we know you’d probably rather spend your time house-hunting! We work directly with dozens of lenders and can quickly narrow down a list of those that suit you best. It makes comparison-shopping fast, easy, and convenient.
We have access to a network of major lenders in Canada, so your options are extensive. In addition to traditional lenders, we also know what’s being offered by credit unions, trust companies, and other sources. And we can help you take care of other requirements before your closing date, such as sourcing mortgage default insurance if your down payment is less than 20% of the purchase price.
Many people are uncertain or uncomfortable negotiating mortgages directly with their bank. Brokers negotiate mortgages each and every day on behalf of Canadian homebuyers. You can count on our market knowledge to secure competitive rates and terms that benefit you
We do a single credit check for you which we use to shop around with multiple lenders for you and obtain the best solution, ensuring your credit score is not negatively impacted by repeated credit checks by multiple lenders.
As independent mortgage brokers we’re not tied to any lender or range of products. Our goal is to help you successfully finance your home or property. They do not work for any particular bank or lender. A branch officer has the interest of their institution at heart. We have our clients best interest at heart!
There’s absolutely no charge for our services on typical residential mortgage transactions. How can we afford to do that? Like many other professional services, such as insurance, mortgage brokers are generally paid a finder’s fee when we introduce trustworthy, dependable customers to a financial institution. These fees are quite standard and nearly industry-wide so that the focus remains on our customers.
Whether you are shopping for a new home or deciding to refinance the existing home, we can help you shop for a preapproved mortgage which will lock the rate for a period of up to 120 days. Once we have met with you and reviewed your financial profile, we will forward your application to many lenders that will suit client preferences. Once we receive a commitment from the lender we can make an informed decision as to the product and rate.
Even once your mortgage is signed and paperwork is complete, we are here if you need any advice on closing details or even future referral needs. We are happy to be of assistance when you need it.
As a mortgage Professional we guarantee that all information disclosed by the client is kept confidential and private at all times.
Our mortgage agents and brokers have formal training and education in mortgages. They set the highest standard in industry and are fully licensed, in good standing, with the Financial Services Commission of Ontario.
