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You’ve been out looking for homes and starting to narrow down your search, or you are wanting to know what you qualify for before starting your search. With that, now is the time to find the best mortgage for you. One way to get a mortgage is with a mortgage broker in Brockville.
Here are 5 Questions About a Mortgage Broker in Brockville
What is a Brockville Mortgage Broker?
A mortgage broker is the middle person between you and the lenders. They work for you and not the lender and they have many lenders to choose from. Their goal is to find you the best mortgage rates and help you find a mortgage lender. Mortgage brokers are regulated and licensed. They are there to do the work to save you time. They have access to dozens of lenders including banks like TD Canada Trust and Scotiabank, all your shopping around to compare mortgage rates and options is done for you. Also, they help you with all the paperwork.
Why is a Mortgage Broker in Brockville Different Than my Bank Representative?
Your bank representative works for the bank and not you. To ask them if they have a good mortgage and good rate, is like calling a hotel and asking if they have a good pool and good beds. The answer will always be yes, whether it’s good for you or not.
Also, as the bank representative only has one bank to choose from, your options are very limited. It would be like wanting to go car shopping and only having one car company to choose from.
How Does a Mortgage Broker Get Paid?
Fortunately a mortgage broker in Brockville does all the work for you, for free. Just like a real estate agent that helps you find a home is paid by the seller, the broker is paid by the lender. Why not take advantage of someone that will do all the work for you and you don’t have to pay them. If only all things could be that good.
Is a Mortgage Broker Right For Me?
If you value your time and do not want to spend hours meeting with bank after bank, application after application and credit check after credit check, then yes a mortgage broker in Brockville is right for you. Plus when you meet at the bank, you will not know if you are getting offered their lowest rate as rates with banks need to be negotiated. A mortgage broker’s rates are negotiated upfront for you. Just like hotel prices are on Expedia for you.
How Do You Choose a Mortgage Broker in Brockville?
Looking online at their reviews and testimonials is a great start. Do they have a lot of positive Google reviews? If yes, you know you will be in good hands. Checking out a mortgage broker’s blog and YouTube channel is a good idea too to see if they take the time to share information and educate you.
Also, are they up with the current times. Is there website modern or dated? Is it a generic company website or did they invest the time and money to have a custom site for you? The more time and effort you can see a mortgage broker puts in to the extra details, the more time and effort they will most likely put into finding you the best mortgage rates in Brockville. I invite you to contact me anytime if you would like to see what you qualify for to buy a home in Brockville Ontario.