Why Use a Mortgage Broker?
Financing Options for Life's Biggest Decisions
Mortgage Brokers are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs!
When it comes to mortgage and financing, a mortgage broker can provide you with sound advice on how to take yourself out of a financial mess. Brokers are professionals who have the required license and proper training in handling financial issues primarily on mortgage financing and locating reliable sources of funds.
Mortgage Brokers work hard for YOU
Our brokers at The Mortgage Emporium are experts in this field. We know exactly where to find the best rates due to our ability to access and deal with several lenders at one time. Additionally, our experience in different kinds of financial transactions has given us the aptitude needed to present convincing proposals to lenders that generally result in success in obtaining the mortgage financing needed by our clients.
Brokers do not represent the lender but, you, our customer. The mortgage brokers at The Mortgage Emporium are not employed by any lending institution. But we do have many possible solutions to your financial troubles since we know what it takes to seek out the best packages with insurance groups, trust companies, chartered banks and many more. And with the ability of our mortgage brokers to access valuable information combined with impeccable negotiating power, we can surely help you in finding the best mortgage for your particular situation.
10 Reasons to use a Mortgage Broker
- 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.
- 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.
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.
What's Next?
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