Ever wonder what the benefits of using a mortgage broker are instead of getting a mortgage at your local bank? The advantages of using a mortgage broker are more simplistic and effective as they are a specialist. Banks focus on mortgages as only one part of their overall business. Mortgage brokers have a large network of lenders and work strategically to find you the best rate to suit your needs.
Here’s why:
They source the best rates
Having a lower rate mortgage can save you thousands of dollars over the course of your mortgage. And, who wouldn’t want to save money that can be put towards family vacations, home renovations, a new car etc.
Working for you
Since mortgage brokers work with several lenders as opposed to one specific lender, they are able to offer you unbiased recommendations and solutions to suit your financing needs. Diversification and multiple options is key.
Options at your fingertips
Let’s face it, shopping for mortgages at several banking institutions can be tiring, consuming and unproductive. Working with a mortgage broker is seamless as they have partnerships with multiple lenders to suit your needs.
No upfront costs
Working with a mortgage broker is a no fee service. The lender pays compensation to your mortgage broker and that means more money in your pocket for closing costs and land transfer tax.
Now that you know the incentives of working with a mortgage broker, contact Geoff Del Grande, an expert mortgage broker with several years of experience, for an introductory consultation to review your financing needs.
