Mortgage Brokers Help With The Financing Legwork
Buying a home requires planning, research and time. A mortgage broker can assist with the financing to-do, from exploring the lending landscape to negotiating the best rate to helping finalize the deal.
Purchasing a home is one of the largest investments you’ll make in your lifetime. It’s an exciting milestone but the decisions and timelines that go into making it happen can sometimes be overwhelming.
No need to go it alone, though. Mortgage brokers are home-financing experts. Their job is to use their knowledge and connections to deliver you peace of mind that due diligence has gone into researching mortgage options to better help you make an informed decision.
According to a 2014 Canada Mortgage and Housing Corporation survey, using a mortgage broker is growing in popularity, with brokers accounting for 48% of all mortgage originations among first-time buyer respondents, and 40% among repeat buyers. Overall, 74% of buyers were generally satisfied with the broker experience with 89% accepting the financing recommendation.
Here are a few reasons to consider enlisting the services of a mortgage broker:
CHOICE: Mortgage brokers have access to multiple lenders with a wide range of mortgage products including options for unique financing needs.
ADVICE: Mortgage brokers know the industry well, guiding you to the option best suited to your financial situation.
TIME SAVINGS: Mortgage brokers invest the research time, shopping your mortgage needs to different lenders and negotiating the lowest rate.
UNBIASED: Mortgage brokers aren’t tied to any one lending institution therefore have your best interests top-of-mind in offering recommendations.
SERVICE: Mortgage brokers work with your schedule and help navigate the financing process from pre-approval to the final close.
MCAP, one of Canada’s largest independent mortgage companies, offers a comprehensive Find A Broker listing of qualified mortgage brokers across Canada. Check it out at www.mcap.com/findabroker.