Why choose a mortgage broker?
Why should I choose a broker for my residential mortgage?
Don’t most people go to their bank or credit union for this?
Why go and meet an extra person during this already stressful purchase?
Buying your home is probably the biggest purchase you will ever make. So you want to get the best rate and the best terms for your situation!
Just going to your regular bank is probably not the best way to do that.
Get a better rate
A mortgage broker has access to a large number of lenders.
This means that when you choose a mortgage broker for your residential mortgage, you will faster access and to a larger number of lenders.
This makes it much more likely that you will be dealing with the best lender for your situation.
Indeed, mortgage brokers have access to the best rates and conditions available on the market. They have access to a large network of lenders, everywhere in Quebec, not just in Gatineau!
This opens up a lot of options for you! They are aware of the great options offered by more than just banks because their sources extend to credit unions, trust companies and many other sources that may be more beneficial to you !
Advice adapted to each situation
Buying a home and getting a mortgage can often be stressful. There are many considerations to take into account when making this purchase.
A mortgage broker will guide you through the process and you’ll know quickly if you qualify for the mortgage you need.
You’ll also get answers to your questions about how it all works. Terms like “amortization” and “terms” and “variable mortgages” may seem like a foreign language at first, but a mortgage broker will give you expert answers to all your questions.
They will also ensure that you are aware of all the costs associated with buying a home in addition to your mortgage. These include the home insurance, that most lending institutions require, the condo fees , of the welcome tax, of the mortgage insurance, and more. These fees depend on your situation, of course.
A broker is not a lender
They have no obligation to any one lender or product.
Their job is to get to know you and what you want.
Then they will make their recommendations based on your needs and what is available. They work with you to help you make informed decisions.
They have no obligation to any one lender or product.
Their job is to get to know you and what you want.
Then they will make their recommendations based on your needs and what is available. They work with you to help you make informed decisions.
Save time
In addition to better access to lenders, a mortgage broker can also save you a lot of time.
You could, of course, do all the work. You could spend hours on the phone, reading emails, making appointments and visiting banks. Doing these things would help you make an informed decision. But, without experience, How long would it take and how much would it cost you?
Today, people who can afford to buy a home are very busy people. This is especially true if you are a first time home buyer.
You may be very tempted by your busy schedule to accept an “ok” loan, rather than the best one. Over the life of your mortgage, this could cost you a small fortune as not all mortgages are the same and it’s not just the rate that matters in the final cost of your mortgage.
Indeed, brokers mortgage specialists don’t just find you the lender with the best rate. They negotiate your mortgage for you. Not only does it save you the stress of trying to understand all sorts of unfamiliar banking terms, but it also saves you a lot of time and money
And money!
Choosing a mortgage broker for your home mortgage could save you a lot of money.
Mortgage brokers, as mentioned above, have access to many different lenders. You might be surprised at how many differences there are between lenders.
Lenders make money by lending it out! They want to sell you a mortgage and will do everything they can to convince you that theirs is the best one for you. You can even buy a often expensive mortgage insurance from your bank if you wish.
However, a little secret about the industry is that they are in a very competitive business and are always working to create mortgage products for potential borrowers.
A mortgage broker can help you quickly find the most attractive loan, with the best rates and conditions for you. Over the life of your mortgage, this could save you a lot of money.
You are unique and so is your situation, make sure you get the best choice for you.
Mortgage services offered
To allow you to realize your projects.
Avoid the dangers
The homebuying process can be fraught with danger. Also, the rules may have changed since you last bought a home.
Buying a house 10 years ago is not the same as buying a house today! In addition, between lawyers, notaries, the seller and credit institutions, unexpected delays may occur. This can expose you to problems that you are not prepared for.
A mortgage broker is your best choice to make this purchase as smooth as possible. It’s their job to make all these things go smoothly and without stress for you.
Get mortgage advice - Contact Josiane Duscheneau at (819) 921-2699
If you want a stress-free experience that could save you a lot of money, choosing a mortgage broker for your home mortgage could be one of the smartest choices you make!