Time to take a quick look at 5 reasons you should use a broker.
1. Almost always free to use.
41% of consumers polled seem to have the misconception that they are the ones paying somehow for the mortgage broker’s services. Here are a couple of things you should know:
- Bank branch reps and mobile specialists are paid bonuses for being able to get you to sign at a higher rate. It’s true. Ask them.
- The banks and broker lenders avoid the costs of having another in house employee with benefits and all that when they go through a mortgage broker who pay all those cost themselves.
2. Professional and carefully watched
Mortgage brokers only do mortgages. That means we know what we are talking about and can advise you properly. You can also rest assured that your privacy is well protected given that we are watched carefully by governmental agencies.
Often we can even get better rates for you at your own bank given the very high volume we do with them.
4. Avoiding nasty pitfalls
Do you know how your bank calculates the penalty on the mortgage? Do they use posted to discounted rates? Are you getting put into a collateral mortgage? That’s OK if you have no idea what any of that means. We know. It’s our job and that can save you a ton of money down the road.
Mortgage brokers pride themselves on their exemplary service. We can work with you remotely or face to face
So there you have it. We are free to use, full of professional advice, offer wide variety of choices, help you avoid pitfalls and we are convenient too! Oh, and did we mention that just over 50% of first time home buyers use mortgage brokers these days? Come find out why. You’ll be so glad you did.
“Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment”