Why use a Mortgage Broker?
Today’s mortgage consumers are faced with so many different lenders, with different mortgage products and different rates than ever before. Current mortgages can be quite complicated and you really need to work with someone, like a mortgage broker, that can do the in-depth research for you.
Here are a few reasons why:
- More choices. Mortgage brokers aren’t dedicated to a single lender, so they can offer the full spectrum of mortgages from virtually any lender on the market. No matter what you need, mortgage brokers can access it, explain it and make sure it’s priced right for you.
- Brokers make lenders compete. Mortgage brokers shop your application to a wide range of lenders and get them to compete for your business. When lenders know there are several others in the running, they offer their best rate and features right up front.
- Unbiased advice. As independent business people, mortgage brokers aren’t tied down to one particular lender or their products. Our advice is in your best interest instead of the lenders’.
- Save time and energy. Shopping for mortgages can be time consuming and frustrating if you do it yourself. Mortgage brokers can shop dozens of lenders in the time it takes you to book a single appointment at your bank. And all that choice helps ensure you’ll save money too!