Why would I use a Mortgage Broker ?

I think it fitting that for my first blog I write something about what I do and why you should be using a mortgage broker EVERYTIME you have a real estate  purchase, renewal or re-finance ~ I forget sometimes how many people don't know about the advantages of using a mortgage broker.
Here is my top 5 advantages:

 5. The banks pay us to bring them good credit clients - we don't charge fees for our service
 4. We shop all the rates at one time - saving you tons of time. We have multiple lending sources to access the best terms for your unique mortgage needs - not just one set of terms that the bank branch offers.
3. We have access to private funds if poor credit is an issue - so your credit can be patched up
2. We are highly specialized in Mortgages only which makes us more focused- not selling you credit cards and RSP plans too.
1. We will call you every time we can save you money during the term of your mortgage - the banks will not call you to tell you you're paying to much.

To sum it all up - your bank is not doing you any favors, they are profit centres period ! It drives me crazy that people fall for it when the bank says they will give a discount off posted rate ! Brokers start at that rate , no games. I can even beat the supposed discounted rate for some bank clients at their own bank. Go figure ?

Hope you enjoyed , stay posted for more info in days to come.



Denise Benninger