Advantages of Using a Mortgage Broker
May 3, 2021 | Posted by: Sherry Corbitt
When getting a mortgage, many wonder if they should use a broker. They may question if they can go through the mortgage process as easily without one. Having a broker though to assist with your mortgage definitely is a good idea in many ways.
They Provide a Lower Mortgage Rate
If you go to attain your mortgage by yourself, a lender will usually offer you a standard rate. Brokers though are capable of attaining lower rates from lenders. This is because they have special connections with many lenders, especially their top lenders. Having a lower rate on a mortgage can ultimately save you quite a bit of money. Finding a broker then to get you this lower rate is certainly a wise decision to make.
Understanding all the aspects and steps of a mortgage can be pretty difficult. Brokers are trained professionals, who know the different perspectives of mortgages. Their main goal is to help their clients to find and attain their dream home. Brokers will provide their clients with practical information and ideas that pertain to their situation. As well, they will be there to help throughout many of the stages of a mortgage, so that a buyer does not have to do so alone.
This is a key point during your mortgage process. When you go to get your mortgage, the process can be quite strenuous. You need to first find a lender who will provide you with a mortgage, which can take a while. Once you have attained your mortgage, you will have to begin the actual steps of the mortgage. Having a broker to complete these steps for you can save a lot of your time and can quicken the mortgage process itself.
Using a mortgage broker undeniably can provide many advantages and help you successfully go through your mortgage process.
If you have any questions regarding mortgages or brokers, please reach out to me!
Sherry Corbitt, Mortgage Broker
-Bennett, Tim (2021). Pros and Cons of Using a Mortgage Broker. Ratehub. Retrieved from https://www.ratehub.ca/blog/pros-and-cons-and-using-a-mortgage-broker/#:~:text=Better%20rates%3A%20Most%20mortgage%20brokers,you%20try%20to%20negotiate%20yourself.&text=They%20can%20also%20advise%20you,much%20mortgage%20you%20can%20afford.
-Canadian Mortgages Inc. (2019). Top 5 Reasons Why You Should Use a Mortgage Broker. Retrieved from https://canadianmortgagesinc.ca/2019/03/top-5-reasons-why-you-should-use-a-mortgage-broker.html
-Real Estate Investar (2021). 6 Benefits of Using a Mortgage Broker. Retrieved from
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