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Benefits of working with a Mortgage Broker

benefits of working with a mortgage broker

Are you considering buying your first home?

Are you an existing home owner and need to refinance or renew your mortgage?

How about real estate investing? Are you looking to purchase an investment property or refinance an existing one?

There are many real estate ownership scenarios, but no matter which category you fall into there are benefits of working with a Mortgage Broker.

Mortgage Broker’s or Mortgage Agents or Mortgage Associates that work for a independent Mortgage Brokerage are not tied to any particular brand, such as working for one of the Chartered Banks or Credit Unions. They are working for your best interest. They have specific training and education for dealing with different types of mortgages and client backgrounds.

One of the benefits of seeking the assistance of a Mortgage Broker is that every application is different and require special attention. Knowing your particular need’s and your credit and income strength the broker will shop around to find the best and most suitable mortgage lender who can offer you the right mortgage product to finance your project.

Since Mortgage Brokers are not tied to any specific lenders, they are not biased towards one lender or the other. All they want to do is to make sure that you get the proper advice and guidance making sure you don’t get over your head with a mortgage that is not right for you.

For most applicants the services of a Mortgage Broker are free. The broker normally gets paid a commission from the lender once the mortgage deal closes. There are times however that the broker have to charge a “broker fee” to the client, because of their unique and at times, challenging mortgage application that the lenders they approach will not pay the broker.

We are here to answer your questions, to advise you and guide you to get the right mortgage product. Contact us and let’s start the conversation.