Buying your first home and getting your first mortgage can be an overwhelming experience. So when it comes to getting your first mortgage where do you start?
Right now there are plenty of options available when it comes to mortgages, as 40% of consumers are turning to mortgage brokers for their mortgage needs instead of banks.
Mortgage Brokers are provincially licensed and regulated by the CMBA. Mortgage brokers like myself are able to help you with all aspects of a mortgage, from figuring out how much you can afford, to determining the best mortgage product for you and even helping you find ways to save money and pay off your mortgage faster.
Many lenders’ rates and mortgages can only be accessed through a mortgage broker. By not having a selection of lenders to choose from and going with a bank to get a mortgage, this can mean harsher penalties for breaking your mortgage early, as well as a higher interest rate; which can end up costing thousands of dollars over the entire life of a mortgage.
A mortgage broker is not only able to tailor a mortgage product to your specific needs. Mortgage brokers have access to more lenders, they’re better able to connect you to a lender and a mortgage based on your specific needs and your financial situation to get you the lowest rates possible.
Mortgage brokers offer convenience, which lets you meet around your schedule and not during regular bank hours. Mortgage brokers also operate on commission and are paid by the lenders who ultimately grant you your mortgage, so there is no cost to the consumer.
So feel free to contact me at 519-854-8668 or email me at firstname.lastname@example.org
if you have any questions.