When shopping for a mortgage, working with a competent and experienced mortgage broker in Vancouver, BC can help you find the mortgage that has the best terms and rates. There are a number of benefits you will get from using the service of a mortgage broker in Canada.
A mortgage broker in British Columbia will save you time
First, Mortgage brokers will save you the legwork. They have regular contact with many lenders, some whom you might not know. You also won’t need to call up dozens of lenders to compare their terms and rates on your own since the broker will handle that. A mortgage broker will also help you to stay away from working with lenders that have burdensome payment terms hidden in their mortgage contracts.
Home loan agents in Vancouver, BC have more access than you
Working with mortgage brokers when you are shopping for a mortgage in Canada will also be important because they have more access. Some lenders deal exclusively with mortgage brokers and rely on them to bring them suitable clients. Calling such lenders directly in order to obtain a retail mortgage may not be easy, so brokers will help you get special rates from them.
When you work with mortgage brokers, you may be able to save some fees. The process of taking a mortgage or working with a new lender may involve several different types of fees, for instance application fees, origination fees and appraisal fees. If you work with mortgage brokers, they may be able to convince the lenders to waive some or all the fees and as a result you will save some money.
You may get the home financing of your dreams with a broker in Vancouver
Mortgage brokers may help you to find the loan of your dreams, but it is very important that you work with reliable mortgage brokers that have got solid references. Reliable brokers should guarantee you their loan estimates, and they should understand the different types of mortgages that lenders are offering to know which will best work for you.
More questions? Vancouver’s Community Lending Centre can help – contact them today!