Mortgage planners, also known as mortgage broker, are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs.
A mortgage broker’s primary expertise is locating funding for mortgage financing. They know where the best rates can be found including Private Mortgages in Hamilton
and Second Mortgages in Burlington. What’s more? They have the knowledge and experience required to present a proposal for financing to a lender in the best way possible ensuring optimal results.
Intermediaries
Mortgage Brokers are not employees of a lending institution, therefore brokers are not limited in the product they can offer you. Brokers seek out the best lender package to suit your specific situation, whether it’s with a Chartered Bank, Trust or Insurance Company, or even from Private Funds.
There is a wide assortment of options and features available to home buyers today. Shopping around takes a lot of time and effort. The mortgage application process in today’s very competitive marketplace intimidates many Canadian home buyers. It pays to work with the Best Mortgage Professional in Ontario that will represent you and ensure the mortgage you get is the one best suited to your needs.
Choosing the wrong mortgage can cost you thousands of extra dollars. Mortgage brokers are trained professionals who can help you save thousands by choosing the right mortgage.
Expertise
Mortgage brokers negotiate for a living and understand the mortgage market in fine detail. The interest rate alone makes up a very small part of the total contract and there are many other considerations to be mindful of when organizing your mortgage. A broker has the expertise to know which lender to place your mortgage with and how to ensure your terms and conditions are optimal. It has been said that in Canada there are two types of buyers. Educated buyers and victims. Don’t be a victim; deal with a mortgage professional who further provides Mortgage Assessment Program and get the right advice up front!
Superior Rates
Mortgage brokers are in daily contact with lenders and know which applicants and property types attract favorable interest rates from one institution, but higher rates at another. Some lending institutions, in fact, accepts mortgage submissions from mortgage brokers directly.
Interest rates and lender appetites for certain types of loans can change daily depending on several economic factors. The size of an institution’s portfolio in a particular type of mortgage, for example, can change their willingness to lower rates and attract new business. Your Mortgage Broker keeps current and knows which lender to approach first. As a result, mortgage rates obtained by brokers are the best available at the time of placement.