If you don’t know about the role a mortgage broker can play in the process of getting you a mortgage, you could be leaving thousands of dollars on the table. While a bank can provide you with the select products they offer, a Coquitlam Mortgage Broker can provide you with more choice. This is because they have access to hundreds of different mortgage products available on the market.
Here are five reasons why you should enlist the help of a Coquitlam Mortgage Broker:
As mentioned above, mortgage brokers have access to many different rates and lenders. These rates may not be advertised widely, but are significantly lower than those advertised by the large banks or credit unions.
Many lenders’ rates and mortgages can only be accessed through a mortgage broker. Choosing to get a mortgage through a bank can mean choosing harsher prepayment penalties for breaking your mortgage as well as a higher interest rate.
As mortgage brokers have access to more lenders, they’re able to find a lender and design a mortgage that is suited to your unique needs. Ultimately, our goal is to create a mortgage that will work for you. You will have peace of mind knowing that you’re getting the best mortgage.
Mortgage Brokers are Free
Mortgage brokers are completely independent – our job is to work with you and for you. We operate on commission and are paid by the lenders who grant you your mortgage. As mortgage brokers depend on referrals, it’s in their best interest to serve you the best they can.
Do you usually have difficulty setting aside time to go into your bank branch (especially during bank hours)? A Coquitlam mortgage broker can come to you and discuss all of the mortgage options available. You can take as long as you need to ask questions and you have the opportunity to develop a real relationship with your broker.
As with any service, you should always do your due diligence in order to find the right Coquitlam Mortgage Broker for you. Get recommendations from friends and family, look at online reviews, and don’t be afraid to ask a borrower for references.
Milka started working in the banking world in 1994. She became an independent mortgage broker in 2006 and opened her own successful and locally recognized brokerage in 2009. She has been a resident of Port Coquitlam for the past 22 years with her husband, 3 children, and dog, Sparky
Whether you are purchasing your first home, refinancing, renewing, switching lenders or purchasing a revenue/vacation property, a Coquitlam Mortgage Broker can provide you with professional unbiased advice.