why work with a mortgage broker?
What is a Mortgage Broker?
Mortgage Brokers are independent, trained professionals licensed toprovide you with the best advice for your mortgage needs and represent you to those who provide mortgage financing.
The expertise of Mortgage Brokers enable them to find the best rates for for mortgage financing. They have the knowledge and experience required to present a proposal for financing to lenders in the most professional way which usually results in successfully obtain mortgage financing.
Contact the team of Mortgage Brokers today at email@example.com or call them at 1-877-874-8988. If you own your own home and live in BC or Alberta, they can help you with a home equity loan and debt consolidation options.
Why work with a Mortgage Broker?
The best part of working with a Mortgage Broker is that he or she represents you, the customer, not the lender. Because they are independent and not employees of a lending institution, Brokers have more options when putting together a mortgage or lending product that suits your financial needs. Brokers can find the best financing for your specific needs, whether it's from a Chartered Bank, Trust or Insurance Company, or Private Funds.
With so many options, rules and features available to homebuyers today, it can be difficult to find the best and most appropriate mortgage or home equity loan financing. Shopping around can be stressful since it takes so much time, effort and up-to-date knowledge. The mortgage process, rules and qualification guidelines in today's very competitive marketplace can be intimidating to the homebuyer. A mortgage professional will represent you and ensure the mortgage you get with competitive rates will suit your needs.
Choosing the wrong mortgage can cost you thousands of extra dollars if you can't get the best rate, choose terms that suit an institution rather than you, and get tricked into a mortgage that doesn't fit. Mortgage Brokers are trained professionals who can help you save money and get a financial package that suits your particular needs.
Other than getting low rates, why should I use a Mortgage Broker?
Besides getting you the best rates for your particular financial situartion, a Mortgage Broker has extensive expertise in mortgage financing and can find the best type of mortgage, or home equity loan that fits a particular financial situation.
The result is that even if the bank turns you down because you are self-employed or have a poor credit history, a Mortgage Broker can help. Through a wide range of financing, and deep knowledge of the Mortgage industry, it is possible to provide you with the money you need through a variety of financial packages, such as a home equity loan. This kind of knowledge not only results in the most favourable rates, but often whether a mortgage is funded at all.
How do Mortgage Brokers Find the Best Rates?
Interest rates can make a huge difference in your monthly payments. A Mortgage Broker has continual contact with lenders, do they know how to present a financing or mortgage opportunity to each institution to get the best rates. Some institutions or mortgage lenders, will only accept mortgage applications from mortgage brokers.
Mortgage rates, preferences for types of mortgages, rules for application, amortization lengths and mortgage insurance options change often. Your Mortgage Broker will have current knowledge of these trends, rules and rules and will be able to approach a lender who will be more open to support your financial needs.. As a result, a Mortgage Broker can get you the best rates at the time of the deal and present your financial needs in the best light possible.
Should I go to a Mortgage Broker first?
Going to a Mortgage Broker first will be your best option. He or she will create a professional presentation of your financial situation to a lender on the first application. This will get you the best results, mortgage financing, rates and options which will save you a great deal of stress and money. If you have to apply twice, it will usually cost you more for everything.
The professional presentation of a mortgage broker will be designed to present your financial situation in the best light to a lender who will fit your needs, with the goal to get the best results for you - not for an institution.
Do Mortgage Brokers only do Residential Mortgages?
Brokers can provide all types of loans as long as they are backed by mortgage collateral. All types and sizes of loans, whether they are small loans backed by a residential property or commercial properties in the millions of dollars, are available.
In addition to handling straight mortgages, mortgage brokers often put together financing based on mortgage collateral, for businesses. Mortgage brokers have a great deal of expertise in this type of financing package because of their knowledge of financial institutions' interests in a particular lending or mortgage product, timing of rates and financial products and their expertise in looking at loans from a mortgaging perspective.
How do Brokers get better deals than many Banks?
Lenders who work with mortgage brokers can include traditional sources, such as chartered banks, trust companies, as well as corporate and private pension funds.
Mortgage Brokers also have access to a wide pool of private sources of funds, termed private lenders and other sources. These lenders can provide many various mortgage products not available at conventional sources, and without many of the same road blocks, such as credit rating.
Visit your Mortgage Broker first and see what kind of a deal they can get you!
You can still go through your bank with your Mortgage Broker
Get your Mortgage Broker to represent you to your own financial institution and this will often result in a better rate than you could get on your own.
Get help and advice from the One Stop Mortgage Corp team today
At One Stop Mortgage Corp, the team of Mortgage Brokers has 20 years of success in finding the best mortgage deals for their clients. They have helped so many people get financial relief through home equity loans, debt consolidations, property purchases and solid financial advice.
If the bank turned down your mortgage application, give the One Stop Mortgage Corp team of Mortgage Brokers a try. By finding you the best terms and rates, giving you solid financial advice and helping you unlock the money you need for your life, while reducing monthly payments, they will help you take back your life and provide the credit help you need.
A simple phone call to 1-877-874-8988 or 604-874-8988 or an email to firstname.lastname@example.org can change your life today with instant approval to get the cash you need today.
Take control of your debt, free yourself from multiple monthly payments at high interest rates and set up a home equity loan today to consolidate your debts.
1 877 874 8988 (toll free)
604 874 8988
604 874 9109 (fax)
Work with our winning Team!
One Stop Mortgage Corp. and its employees are dedicated to provide all our clients the absolute best customer service. Since 1994, we have been working hard to give our clients their best chance to secure the best mortgage and home equity loans at the best rates to fit our clients' financial needs.