Why Use a Mortgage Broker?
Mortgage Brokers are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs!
A Mortgage Broker's primary expertise is locating funding for mortgage financing. They know where the best rates can be found. What's more, they have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.
Brokers are not limited in the product they can offer you. Brokers seek out the best lender package to suit your specific situation, whether it’s with a Chartered Bank, Trust or Insurance Company, or Private Funds.
A Mortgage Broker's primary expertise is locating funding for mortgage financing. They know where the best rates can be found. What's more, they have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.
There is a wide assortment of options and features available to homebuyers today. Shopping around takes a lot of time and effort. The mortgage process within today's very competitive marketplace intimidates many Canadian homebuyers. It pays to work with a mortgage professional who will represent you and ensure the mortgage you get is the one best suited to your needs.
Choosing the wrong mortgage can cost you thousands of extra dollars. Mortgage Brokers are trained professionals who can help you save on your mortgage dollar.
10 Reasons to use a Mortgage Broker
- Up-to-date on all the mortgage rates, terms and re-payment options available on the market.
- They only specialize in mortgages and are knowledgeable on current trends.
- They increase competition in the market place, thus keeping rates low.
- They save you time and money!
- Brokers have vested interest in satisfying your needs since they rely on referrals and repeat business.
- Access to different lenders, banks, trust companies, investors and financial institutions.
- Fast credit and loan pre-approvals with no cost or obligation. (Some conditions may apply)
- They are experts at matching you with the best-suited mortgage.
- Get mortgage rates at wholesale, guaranteed up to 120 days.
- They work for YOU, not the bank.
Other than rates, why should I use a Mortgage Broker?
In addition to rates, because mortgage-based financing is the broker's primary business, he or she has developed expertise in what type of mortgage financing each lender prefers to pursue. This kind of knowledge not only results in the most favourable rates for each project, but often whether a project is funded at all.
How do Mortgage Brokers Find Superior Rates?
Interest rates are a concern to borrowers. Because of their daily contact with lenders, brokers know which project or home attracts a favorable interest rate from one institution, but a higher rate at another. Some institutions, in fact, will only accept mortgage submissions from mortgage brokers.
These rates, and preferences for types of mortgages, can change daily, depending on economic circumstances or based on the size of an institution's portfolio in a particular type of mortgage. Your Mortgage Broker keeps current and knows which lender to approach first. As a result, mortgage rates obtained by Brokers are among the best available at the time of placement.
Why should I go to a Mortgage Broker first?
A professional presentation to a lender on the first application will get the best response and save you valuable time and money. Secondary applications with previous credit bureau inquiries may be more costly.
Often the success of obtaining mortgage approval depends on the way a proposal is presented and to whom it is sent. Your Mortgage Broker is trained to present your mortgage proposal where and how it will get the most immediate, positive result.
You don't call an insurance company for insurance - you use an insurance broker, because of their expertise, product knowledge and rates. So remember, call your mortgage broker first!
How do Brokers get better deals than many Banks?
The lenders who work with mortgage brokers include traditional sources, such as chartered banks, trust companies, as well as corporate and private pension funds.
In addition to these sources, brokers often develop professional relationships with private sources of funds, termed private lenders. These lenders can provide many various mortgage products not available at conventional sources.
Why Work With A Mortgage Broker?
Mortgage Brokers stand as autonomous, seasoned experts armed with the credentials to guide you through the labyrinth of mortgage options. Your future is in the right hands!
Navigating the world of mortgage financing is a Mortgage Broker's forte. They're not just about locating the most attractive rates – they've mastered the art. Beyond that, they wield the essential acumen to craft proposals that resonate with lenders, striking just the right chords to secure your mortgage financing. When it comes to the financial gateway to your dreams, a Mortgage Broker isn't merely an option; they're your ally, your guide, and your confidante. Make the smart choice; let their expertise pave your way to success!
Brokers operate without limitations, transcending boundaries in their offerings. They actively scout the most harmonious lender packages tailored to fit your unique circumstances, whether it's through a Chartered Bank, Trust or Insurance Company, or even Private Funds.
In the realm of mortgage financing, a Mortgage Broker's acumen shines brightest. They're the navigators of best rates, the architects of perfect proposals, crafting them in a manner that resonates with lenders and secures your mortgage financing with finesse.
The modern homebuyer is presented with a kaleidoscope of options and features, each as promising as the next. But venturing into this competitive marketplace can be a daunting expedition. It demands time, effort, and a discerning eye. Many Canadian homebuyers find themselves daunted, but that's where the expertise of a mortgage professional pays dividends.
Working with a Mortgage Broker is more than a choice; it's an investment in peace of mind. They represent you, ensuring the mortgage you embrace is tailored to your needs, woven with the threads of wisdom and foresight.
A misstep in choosing a mortgage can be costly, racking up thousands in unnecessary expenditures. But Ontario Mortgages 4U stands as your financial sentinel, trained and poised to guide you to savings. Let our expertise be your compass, guiding you through the intricate paths of mortgage decisions toward a future built on strong financial foundations. Make the smart choice today – partner with Ontario Mortgages 4U, where your financial dreams find their home!
10 Reasons to Work With A Mortgage Broker
1. Personalized Approach: Tailors mortgages to fit individual financial goals and personal circumstances.
2. Access to Variety of Lenders: Offers connections across various lending sources for optimal choices.
3. Time and Effort Savings: Manages mortgage complexities, saving you precious time and effort.
4. Expert Guidance: Provides specialized insights to navigate the mortgage process confidently.
5. Potential Cost Savings: Negotiates best rates and terms to save you money.
6. Streamlined Process: Handles every step efficiently, minimizing stress in home buying.
7. Flexibility and Accessibility: Offers personalized service and flexible scheduling for your convenience.
8. Objective and Unbiased Advice: Delivers independent, unbiased advice focused on your needs.
9. Understanding of Complex Situations: Crafts solutions for unique income or credit challenges.
10. Holistic Financial Strategy: Aligns your mortgage with long-term financial plans and goals.
Why Should I Consider A Mortgage Broker Beyond Just The Rates?
Apart from securing favorable rates, a Mortgage Broker specializes in understanding the mortgage preferences of various lenders. Their expertise doesn't just lead to the best rates for each project but can often be the decisive factor in whether the project receives funding at all.
How Do Mortgage Brokers Unlock Superior Rates?
Interest rates are paramount for borrowers, and Mortgage Brokers hold the key. Through daily engagement with lenders, they intuit which properties will attract optimal rates at one institution and less favorable ones at another. In fact, some financial establishments exclusively entertain submissions from Mortgage Brokers.
These rates, swayed by the economic winds or a lender's specific portfolio balance, can shift day-to-day. Your Mortgage Broker remains attuned to these fluctuations, adeptly navigating the financial seas to pinpoint the prime lender to engage. As a result, the mortgage rates secured by Brokers are consistently among the best, precisely at the moment of placement.
Why Should I Approach a Mortgage Broker First?
Turning to a Mortgage Broker from the outset is akin to investing in success. A well-crafted professional presentation to a lender during the initial application not only garners the best response but also saves both time and money. Subsequent applications, marred by previous credit inquiries, might prove costlier.
Success in securing a mortgage often hinges on the art of presentation and the strategic choice of recipient. A Mortgage Broker, armed with training and finesse, knows precisely where and how to present your proposal for the most immediate and favorable outcome.
Think of it this way: You wouldn't directly call an insurance company for coverage; you'd seek an insurance broker for their expertise, product acumen, and competitive rates. Similarly, when it comes to your mortgage needs, remember to call your Mortgage Broker first. They're your first step toward financial alignment and your key to unlocking the door to your dream home!
