Your Best Interest

All mortgage brokers are trained, highly regulated and bound by ethics to ensure they work
in YOUR BEST INTEREST at all times! Take advantage of the expert knowledge provided by
a mortgage broker to make an informed financial decision.

Mortgage brokers act as an independent agent for both the borrower and the lender of a mortgage loan. They are the middle man between you and the lending institution, which can be
a bank, trust company, credit union, mortgage corporation, finance company or even an
individual private investor. A mortgage broker will analyse your financial situation to
determine which lender is the best fit for your loan needs.

Pre-Approval

The first step in home buying is to talk to a mortgage broker and get pre-approved. Some renters,
even today, may qualify to purchase a home and they don’t even know it. Why not start earning equity in your own home sooner than later? There are so many wonderful and unique products available through a mortgage broker and it is quite likely a product may fit your current financial situation. Becoming a home owner is a great investment. You need to live somewhere…..live somewhere and pay your own mortgage instead of someone else’s. There is no cost or obligation to find out what you may qualify for.

The three major advantages in getting pre-approved is that the interest rate is held for 90 – 120 days. So if the rates go up, you get the better rate. If the rates go down, you get the better rate – how can you lose? You will also know what your budget is before you go looking to purchase your home. Don’t
be looking at $450,000.00 homes if you can only afford a $300,000.00 home – it’s too heartbreaking.
The third advantage is if you cannot qualify for a mortgage today, your mortgage broker can work with you to put you on the right path to become mortgage ready. This may be counceling on credit issues or various ways to obtain a down payment. Either way, pre-approval is a great start.

Savings

If you want to save time, reduce your leg work, understand all your options, and best of all,
potentially save thousands of dollars by finding the best possible deal, then a mortgage broker
is the ideal solution for you.

The best news is that you can get started without even leaving your home or office. For your convenience, applications can be conducted over the phone or on-line. With the technology available such as email and faxing, your documents can be easily sent to your mortgage broker for verification and processing. This is very convenient for people who are relocating. Meeting in person is also available and some may prefer this method. A mortgage broker will take direction from the client.

Do you really have the time to go to each bank, credit union, and other lending institutions to fill out applications and try to negotiate for their best rate? Remember, they can only offer you THEIR best rate, not the BEST RATE you can probably get elsewhere. Every time your credit report is obtained when ‘’shopping” around, your credit score will lower. What you may qualify for today, may not be the same next month. A mortgage broker obtains your credit report ONCE and submits it into the lenders along with your application so they don’t have to obtain your credit report. Your credit score is safe!

Knowledge and Experience

Mortgage brokers have access to over 30 lenders and 200 various products. Your bank can only
offer their own products and they won’t advise you on any competitor’s rate sales or product
promotions, but a mortgage broker will!

Because a mortgage broker does not work for any specific lending institute, they can offer you
unbiased information and plenty of it! Their role is to find the lender with the terms, conditions
and rates that best fit your current financial situation.

In today’s unstable economy, it is worth your valuable time to make sure you have all the correct
and available information to make an informed financial decision. A mortgage is one of the largest
investments you will make in your lifetime.

Mortgage brokers are constantly updating their lender guidelines and watching the rates. Once your mortgage is due for renewal, they will scour the information provided to them and search for the best new term for you. If it is in your best interest to stay with your current lender, they will let you know!

Mortgage brokers take the time to go through all the various processes you may encounter when purchasing a home for the first time, a second home, a vacation property or investment properties. It’s not like you get a mortgage every day, so many things can change in the lending world and it’s up to your mortgage broker to keep up to date with them all.

Peace of Mind

A mortgage broker is your planner for life. Knowing that you have a professional mortgage broker
on your side is a huge relieve and provides peace of mind. In today’s busy world, having someone that specialized ONLY in mortgages saves you valuable time and energy to focus on other life events of major importance.

Not only do mortgage brokers deal with most of the same reputable established Canadian financial
institutions you do, they also have access to some innovative broker-only lenders who sometimes offer even more attractive rates and features. They also have access to private lenders that you may need but don’t know where to find them.

What’s the cost for all this great service? In most cases it's the lender who pays a commission to the mortgage broker, so there is no cost to you. Most lending institutes like the fact that they don’t have employees or overhead. Because mortgage brokers get paid by the lenders, they work extremely hard and diligent to ensure you get the right mortgage and the best rate. It is extremely rare that they will have to include a separate fee, and if that is the case, it has to be disclosed before you sign anything.

Mortgage brokers are committed to the highest ethical standards and do everything they can to ensure your financial future is secured and cared for. Remember, knowledge is not power, knowledge APPLIED is. Get all the right information before you spend your hard earned money. Contact your mortgage broker today.