Mortgage broker – you’ve heard the term, but you’ve never actually worked with a mortgage broker before. How does it work? Do you pay your broker? Aren’t mortgage brokers only for those with bad credit? What are the benefits of working with a broker when you are looking to buy a new home in Barrie or the surrounding area? Those are all great questions, so here are the answers to some of the most common mortgage broker questions.
- Do I need to use a mortgage broker if my credit is good?
One of the biggest myths about working with a mortgage broker is that you should only do so if you have bad credit or are finding it difficult to secure a mortgage loan. Although a mortgage broker can definitely provide much needed assistance in these cases, the expertise and service offered by a mortgage broker can benefit everyone, regardless of their credit rating.
- What are the benefits of using a mortgage broker?
As mortgage specialists, mortgage brokers understand the industry, the financial climate and the market and can provide valuable advice and guidance. Mortgage brokers have also curated important relationships with a variety of lenders and other industry experts, which allows the broker to secure the best mortgage rates, terms and solutions for their clients.
- Do I need to pay a mortgage broker?
With closing costs, moving costs and the other additional expenses that come with buying a new home, you may be worried that working with a broker will add even more to your financial plate. The good news is that you don’t pay a mortgage broker directly. Instead, the mortgage brokers fees are paid by the lender who provides you with an approved mortgage loan.
- Do you offer any other services?
Time is a precious commodity these days which is why it’s important to multi-task when you can. Although not all brokers offer additional services, I believe it’s important to provide additional services that my clients require. Not only do I help find the best mortgage solutions, I also specialize in helping clients find the best way to invest their hard-earned money, as well as choose the best insurance solution to protect their families and their assets.
- I have a busy schedule. Are you able to meet after hours?
Back to time being a precious commodity, I realize that with today’s busy schedules, it may be difficult to find time to meet between 9am and 5pm. To make it easier, I can work with your schedule, offering appointments at a time that is convenient.
Working with the right mortgage broker to secure a mortgage loan can go a long way when it comes to ensuring that you end up with the right mortgage solution. If you’re searching for an experienced and qualified mortgage broker in Barrie, let’s connect! I can answer any additional questions you may have about the process and review your options. Call me today at (705) 315-0516 and learn more about how I can help you.