Two of our most common questions include: “why should I use a mortgage broker?” and “why should I choose a broker in Niagara?”
So, why should you use a mortgage broker?
Mortgage brokers are independent, licensed professionals who build businesses on finding you the best rates for your mortgage. As most mortgage brokers are not directly affiliated with a big bank, they work with a variety of traditional and less conventional lenders. Chartered banks, trusts, insurance companies and private funders include some of the options a mortgage broker will help you consider until the best rates are found.
What’s more, they have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing. The Canadian mortgage industry is competitive, and choosing the wrong solution can cost thousands of dollars. That’s where our team of experienced, trained professionals comes in.
The simplest answer is rates. Mortgage brokers based in the area you’re looking at purchasing a home within will be better acquainted with the regional marketplace you’re entering. Additionally, mortgage brokers will have built in expertise when approaching lenders – they’ll know what type of financing each lender prefers. Variables like a lender’s interest rates and mortgage type preference can fluctuate with economic circumstances and portfolio size. Mortgage brokers stay current with a variety of different lenders, and knows which institution is currently offering the most attractive solutions.
A professional presentation to a lender on the first application will get the best response and save you valuable time and money. Secondary applications with previous credit bureau inquiries may be more costly. Often the success of obtaining mortgage approval depends on the way a proposal is presented and to whom it is sent. Your Mortgage Broker is trained to present your mortgage proposal where and how it will get the most immediate, positive result.
And – why a broker based in the Niagara Region?
Top Ten Reasons to Use a Mortgage Broker
Up to Date
Up to date on all mortgage rates, terms and re-payment options available on the market
We only specialize in mortgages and are knowledgeable on current trends
Help Lower Rates
We increase competition in the mortgage supplier marketplace, which helps keep rates low
Mortgage brokers help save you time – and money!
Brokers have a vested interest in satisfying your needs. Our business is built on your success and referrals.
… to different lenders, banks, trust companies, investors and financial institutions
Fast credit and loan pre-approvals with no cost or obligation
We’re specialists in finding your best-suited mortgage
Get mortgage rates at wholesale, guaranteed up to 120 days
We work for you – NOT the big banks!
How can we help you?
We support our customers every step of the way, helping to make sure you are taken care of always.
Having a tough time getting the financing due to poor credit? We can likely help you out.
Hear from Happy Homeowners
“I believe you have done the best for us and we are very happy with the service you gave us You met all our expectations. We could not ask for any more. Thanks, we are happy and sure will use your service when we renew our mortgage next year.”
“We recently renewed our mortgage with Steve. Not only was he easy to deal with, but very knowledgeable on the products and was able to provide us with exactly the feature we were looking for. I would not hesitate to recommend him.”