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Why Use a Broker?
1
Working for you, not the bank
Your bank can only offer you their institution's products and rates, whereas a mortgage broker has access to a long list of lenders including banks, credit unions and trusts, all with various products. This ensures that your unique situation is shopped around to various lenders, ensuring the best rates and products, and the likelihood of an approval. Mortgage Brokers regularly help clients who have heard no from the bank, to secure a mortgage loan with lenders with more favourable policies for their unique situation.
2
Expert Mortgage at Zero Cost
You would think that such personalized mortgage expertise would come at a great cost to the buyer, but it is free! Mortgage Brokers are paid by commissions from the lender, so there is no cost to you in almost all circumstances. There are a few exceptionally unique loans that would require payment from the buyer, however these are usually complex financial situations that wouldn't qualify for standard bank financing and would require the help of an expertise broker. Using a mortgage broker is a win-win!
3
The Extra Mile
One thing I will always ask my client, is what their ten-year plan is. Do you plan to expand your family and will need to upsize? Are you retiring and need to plan your next mortgage qualification while still on a full salary. Will you need to access equity in your home for major life events? Do you have future goals to own a rental property and if so, how many? I will also ensure you are ready for life's unexpected surprises with the right insurance products. Oh, and after all the paperwork is signed, I will be watching the current mortgage environment and reaching out whenever I know I can save you money with a renewal. Can your bank do that?