Why use a Mortgage Broker?
Whether you're buying your very first home, purchasing a vacation or investment property, or renewing or refinancing an existing mortgage, there are many considerations to make along the way.
And with the many changes we've experienced in mortgage qualification rules, it has never been more important to rely on the expertise of a licensed Mortgage Broker to guide you through the home buying and financing processes.
Here are five key reasons it makes sense to use a Broker:
Expert Advice
Mortgage Brokers offer solutions that best meet your unique financial needs. Brokers take the time to thoroughly review your specific needs and simplify the process by negotiating with multiple lenders on your behalf to find the best mortgage features, rates and terms- saving you time and money.
Extensive Choice
Mortgage Brokers work with you to secure the best mortgage product and rate catered to your unique needs. Brokers have access to multiple lenders, including banks, Credit Unions, mortgage specific lenders (known as “MonoLine Lenders’) and a variety of alternative lenders and even private lenders. More choice means a mortgage customized to meet your specific needs.
Flexibility
Brokers can access specialized lenders that offer unique products for various scenarios, such as being self-employed or wanting to build a real estate portfolio.
Ongoing Relationship
Brokers are available throughout your life as a mortgage holder, answering your questions anytime. And when your lifestyle changes for any reason, a Broker will help adapt your mortgage to those changing needs. Working with a Broker is like having your personal mortgage coach walk you through the entire process and explain your mortgage options' ins and outs.
Lender Negotiation at Renewal
At your mortgage renewal, or anytime you need to renegotiate your mortgage, it’s your Broker's job to guide you through every step of the process. That means staying on top of your ever-changing needs as a homeowner. Brokers can even help you tap into your home equity with a secured Line of Credit- for such things as renovations, school tuition, paying down debt or whatever you need. Brokers understand that your financial situation can quickly change. Instead of relying on high-interest, unsecured credit cards and credit lines to get you out of a financial pinch or help you invest in your future, using home equity can be an advantageous economic solution.
“Andre is a very wonderful person to deal with. I have used his services three times in the last 10 years, and every time he was able to get me the best mortgage rate comparted to other Mortgage Brokers. I will definitely use Andre again! I recommend him to my family and friends.”