BENEFIT OF HAVING A LICENSED MORTGAGE PROFESSIONAL @ YOUR SIDE!
You can get a mortgage from a bank or from a licensed Mortgage professional.
Shopping for a mortgage can be an incredibly time-consuming exercise. Going bank to bank and going thru the process of meeting with banks, filling out forms, providing income, and having credit histories checked again and again may lower your credit credibility. Moreover, cutting through all the jargon and red tape can take weeks and weeks and it can also result in a lot of frustration and confusion as you try to make sense of the ever-changing rates, terms, conditions and details.
While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada's largest banks, credit unions, trust companies, and financial institutions; offering their clients more choice, and access to hundreds of mortgage products! As a result, clients benefit from the trust, confidence, and security of knowing they are getting the best mortgage for their needs.
We have access to multiple sources of funding – from the chartered banks to private financiers. We deal with them on a daily basis – and on behalf of a multitude of clients – giving us the leverage to negotiate the best terms and interest rates on your behalf.
Whether you're purchasing a home for the first time, taking out equity from your home for investment or pleasure, or your current mortgage is simply up for renewal, it's important that you are making an educated buying decision with professional unbiased advice.
The Best Financing Options Available
A difference of one or two percent interest on a mortgage can result in thousands of dollars worth of savings over the life of your mortgage. As mortgage broker professionals, we will always ensure that you are getting the best-possible deal.
By using a mortgage broker, you will have access to interest rates that, according to The Montreal Gazette, “…99.9% of people can never get on their own.” That’s because we shop the market on a daily basis to find the best interest rates being offered by lenders – from the chartered banks to trust companies, credit unions, and institutional funds and private lenders.
We also shop for the best terms and features being offered by the lenders. Our job is to compare mortgage offerings from all available lenders and provide you with the best options specific to your situation.
We’ll Take Care of the Details
If you use our service, we will check your credit history and we provide your credit history to each lender therefore your credit history will not be affected and checked again and again by different banks and lenders. We’ll cut through all the red tapes for you, acting as a liaison between the lender, realtor, appraiser, credit agency, attorneys and any other service-providers that could affect your transaction. Plus, through our knowledge and experience, we can help you make sense of it all.
We’re Paid by the Bank, Not You
Typically, there’s no cost to you in using a licensed mortgage broker (some exceptions may apply), as the lender pays our fees. And because we don’t get paid until the mortgage is fully completed, we’re highly motivated to move your mortgage application quickly through all the required channels.
We Work for You, Not the Bank
Mortgage brokers are independent contractors. We don’t work for the lenders. We work exclusively for you, our client. We are 100% committed to finding you the best home financing options available to you – and tailored to your specific financial goals.
Professional Advice from Application to Closing
But beyond our role in finding you the best mortgage offering, we also assist you by:
- Guiding you through all the requirements of the loan process itself, from application to closing
- Reviewing and assisting in the completion of all required documentation
- Making you aware of all the associated costs of the loan application, disbursements and other costs or fees related to your mortgage
- Assisting you in the pre-approval for your mortgage
- Identifying, discussing and helping you to resolve any problems on your credit application before and even after it is submitted to lenders
- Recommending options for you if your credit is less than perfect or your income is low
- Providing credit counsel, if and when required
- Ordering only one credit check for all lenders (if you shop on your own, you may be faced with having several credit reports filed on you, which can affect your credit score)
- Explaining your mortgage options (in language you can understand) to help you make the best possible financial decisions
- Informing you of rate and lock-in options
- Communicating with you throughout the loan process in a timely manner
The Highest Ethical & Professional Standards
By engaging the services of a qualified Mortgage Broker Association of British Columbia (MBABC) professional, you can rest assured that you will be working with an ethical individual who is committed to offering the highest levels of professional service and expertise.
That’s why it pays to use a mortgage broker.
The licensed mortgage broker can save you time, money and Energy. Call us today and have us working for you!