Why Choose A Mortgage Broker? — Great Service, Superior Rates

It Makes a lot of Cents to use a Mortgage Broker: What can a mortgage broker do for You? - More than You Think!; If you have never used a mortgage broker, let me explain how we work. Mortgage brokers are experts in finding a lender (such as a bank, trust company, private source, or investment company) that has the most competitive rates, payback options and terms. Whether you are looking for a short term or long term mortgage, a fixed rate or variable rate mortgage or just some advice, mortgage brokers can offer guidance and explain which scenario best suits your borrowing needs. You need to know that over 10 or 20 years and on that your portfolio is protected and your invested intrest is always in the best mortgage. I am responsible to you and the banks. I am responsible to find the mortgage solutions that best serve you and my responsibility to the bank is ensure that the borrowers are responsible for servicing the mortgage.; Definition of a Mortgage Broker:
A Mortgage Broker is a registered associate who works on behalf of a borrower to obtain the best possible mortgage option for that borrower's financial situation. The Mortgage broker is a skilled negotiator and deals directly with the lenders in both standard and non standard borrowing situations. They have access to lenders who may not advertise nationally or be readily available to the consumer so finding the best possible mortgage option holds true. This definition is sourced from the Alberta Mortgage Brokers Association.; Canadian Mortgage brokers are also responsible for keeping mortgages competitive in Canada and they help guarantee that our Canadian lending rates stay low. Mortgage brokers also have access to unique products such as home line of credits, secured credit cards, no money down mortgages, introductory rate mortgages, mortgages for recreational properties and even mortgage loans that require little or no proof of income [for all you entrepreneurs out there].; Also, when you allow a mortgage broker to do rate shopping as opposed to yourself, you do not risk lowering your credit rating. The reason is, every time you go to a bank to qualify for a mortgage, they pull your credit history. And every time your credit history is accessed, it lowers your credit rating. A mortgage broker only needs to access your credit history once and than uses it over and over.; Most importantly, aside from second or commercial mortgages, mortgage broker services are FREE. Meaning that no additional costs are incurred for using a mortgage broker at any time. Bottom line, mortgage brokers save you money. So it literally does make 'cents' to use a mortgage broker.