Need a Mortgage?
Going to the bank to ask for a mortgage is like going to the Ford dealer to ask which kind of car is best to buy. A mortgage broker works for you, not for the bank.
You will do better with a mortgage broker than without.
Brokers:
* Take your information once and submit it to as many as 30 lenders to get you the best mortgage offers.
* Take the mystery out of comparing the teaser rates, the special offers and the limited time specials and find the best mortgage for your circumstance.
* Know how to package a transaction for specific lenders to ensure you get approved and get the best rate.
* Have lenders for specific borrowers, such as business-for-self, contract workers, seasonal or commission workers.
* Have volume clout with lenders that a single borrower can’t match
* Can act within the short timelines set out in today’s contracts
* Get it done!
You need to know:
* How much mortgage will you qualify for?
* What level of payments are you comfortable with?
* What is the maximum house price you can consider?
* How good is your credit?
* What documents do you need to get a mortgage?
* What is the difference between a mortgage and any other loan?
* What is a rate hold and why do you need one?
As a buyer, having a mortgage commitment puts you in the driver’s seat when negotiating with a seller
* It’s fast
* It’s on-line
* It’s accurate
* It’s completely confidential
