mortgage broker

Chris Gallant Uncategorized

There are many benefits to using a mortgage broker to obtain a mortgage or loan. Perhaps your offer on a home was accepted, or your mortgage has come up for renewal and you can refinance for a better rate. Maybe you would like some extra funds for a  home renovation. Your next step is finding the right financing for your unique situation. You have three options, a traditional financial institution or bank, a mortgage broker, and a private lender. If the bank offers you a mortgage or loan, you are most likely in great credit standing. This is because the bank does not offer funds to high-risk customers. But regardless of whether your credit is less than perfect, you should still shop around for a mortgage or loan. Here are 7  reasons why you should use a mortgage broker.

6 Reasons to Use a Mortgage Broker

  1. Mortgage Brokers find terms that fit your unique needs. An example is whether you can pre-pay or pay off prior to your term ending. Your options should fit your circumstances and a mortgage broker takes these situations into consideration when finding you the perfect mortgage or loan.
  2. Mortgage Brokers work for their clients, helping you find the best mortgage option. They provide a neutral platform and pick lenders that fit your financial situation. Bank representatives work for the bank, therefore don’t have your best interests in mind.
  3. Mortgage brokers can access lenders that deal exclusively with mortgage brokers, like a private lender or monoline lender. You lose these opportunities by working with traditional financial institutions.
  4. Working with a mortgage broker saves time and money and protects your credit score. It not only takes time to apply to multiple lenders but each application is a  hard credit check on your overall score. Too many credit checks in a short time span can lower your credit score. A mortgage broker usually only needs to pull your credit score once.
  5. Your broker is an unbiased negotiator working on your behalf to get a better mortgage rate for you. Your local bank will never be able to match or beat the interest rate a mortgage broker can offer and you can save thousands of dollars in interest savings.
  6. A mortgage broker’s fee is usually paid directly by the lender. You may need to pay a fee if the lender who refuses to pay broker fees, but your  broker will notify you in advance.

Get peace of mind working with a mortgage broker. You have someone working for YOU! Contact me today to see if I can find the proper match for you. Whether it’s a mortgage or loan you are looking for, rest assured I can find a lender that will match your needs. I have over 200 lenders in Canada and 50 in the US in my database. Looking forward to hearing from you.


About This Location/Listing

There are many benefits to using a mortgage broker to obtain a mortgage or loan. Perhaps your offer on a home was accepted, or your mortgage has come up for renewal and you can refinance for a better rate. Maybe you would like some extra funds for a  home renovation. Your next step is finding the right financing for your unique situation. You have three options, a traditional financial institution or bank, a mortgage broker, and a private lender. If the bank offers you a mortgage or loan, you are most likely in great credit standing. This is because the bank does not offer funds to high-risk customers. But regardless of whether your credit is less than perfect, you should still shop around for a mortgage or loan. Here are 7  reasons why you should use a mortgage broker.

6 Reasons to Use a Mortgage Broker

  1. Mortgage Brokers find terms that fit your unique needs. An example is whether you can pre-pay or pay off prior to your term ending. Your options should fit your circumstances and a mortgage broker takes these situations into consideration when finding you the perfect mortgage or loan.
  2. Mortgage Brokers work for their clients, helping you find the best mortgage option. They provide a neutral platform and pick lenders that fit your financial situation. Bank representatives work for the bank, therefore don't have your best interests in mind.
  3. Mortgage brokers can access lenders that deal exclusively with mortgage brokers, like a private lender or monoline lender. You lose these opportunities by working with traditional financial institutions.
  4. Working with a mortgage broker saves time and money and protects your credit score. It not only takes time to apply to multiple lenders but each application is a  hard credit check on your overall score. Too many credit checks in a short time span can lower your credit score. A mortgage broker usually only needs to pull your credit score once.
  5. Your broker is an unbiased negotiator working on your behalf to get a better mortgage rate for you. Your local bank will never be able to match or beat the interest rate a mortgage broker can offer and you can save thousands of dollars in interest savings.
  6. A mortgage broker's fee is usually paid directly by the lender. You may need to pay a fee if the lender who refuses to pay broker fees, but your  broker will notify you in advance.
Get peace of mind working with a mortgage broker. You have someone working for YOU! Contact me today to see if I can find the proper match for you. Whether it's a mortgage or loan you are looking for, rest assured I can find a lender that will match your needs. I have over 200 lenders in Canada and 50 in the US in my database. Looking forward to hearing from you.

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