Your ultimate goal in shopping for a mortgage is to find one with an affordable interest rate and low fees. You are in it for the long haul. A mortgage broker, on the other hand, often gets paid a fee from the lender for bringing in the business.
There are several advantages to using an independent mortgage broker over a bank or mortgage banker. Brokers have several lenders they can submit your loan application to. This makes them an attractive option, especially for borrower's with difficult loans such as low credit scores, or income issues.
A mortgage broker is offered loans on a wholesale basis from lenders, and therefore can offer the best rates available in the market, typically making the total loan cost lower for the client. A reputable mortgage broker will disclose how they are paid for their services, as well as detail the total costs for the loan.
Working with a mortgage broker can have many benefits. Using a mortgage broker can help you find the right lender for your specific needs.
Using a mortgage broker to help you to find your home loan offers a variety of benefits, some of which you might never have thought about before. We outline the
Many potential homeowners think of going to a bank or other traditional lender themselves. Consider these advantages of using a mortgage
One of the big disadvantages that comes with using a mortgage broker is that you broker in today's market may not actually provide you with that much benefit.
For starters, a mortgage broker acts as your You'll also save time by using a mortgage
Mortgage brokers act as an intermediary between you and the lenders. Kelowna's team at John Antle Mortgages are licensed and highly
Trying to find the best mortgage for your needs, your circumstances, and your budget can be a difficult and often frustrating task. The wide selection of mortgage