Securing financing to purchase a home is a major undertaking, especially for first-time homebuyers in the current market.
Having a licensed and experienced professional on your side throughout the mortgage process brings countless benefits & peace of mind.
This is why nearly half of Canadian homebuyers put their trust in a Mortgage Broker when they are looking to purchase a home or refinance an existing mortgage.
Here are a few of the many benefits of working with a Mortgage Broker:
Save money
A good Broker will get you a great rate & product that fits your immediate need. A great Broker however knows that the lowest rate doesn't always save you money in the long term. For example, a mortgage with a slightly higher rate will often offer additional flexibility, including superior prepayment privileges, which can save you thousands (or even tens of thousands) of dollars in penalties in the event you need to break your mortgage early.
Save time
Searching for the best rates, features & benefits and understanding the fine print of mortgages is time-consuming and confusing to know if you are truly comparing apples to apples. A Mortgage Broker saves you the hassle and presents various options & recommendations based on your needs. We can also highlight any pitfalls.
Usually no cost to you
The services of a Mortgage Broker are typically free. While I hate to use this word it's important to know that with the 'traditional' mortgages there is no fee to you, we are paid by the lender. If you are securing private financing where the lender does not pay the broker directly then a fee may be charged. In either case all costs/fees etc are fully disclosed up front.
Get expert advice
As mentioned buying a home can be overwhelming. Given today's climate with interest rates set to rise, home prices increasing like never before, and extremely competitive resale markets, having an expert in your corner is a competitive advantage.
Avoid the stress
With me as your Mortgage Broker, you'll have 23 years lending experience on your real estate team. I won't lie, the process always involves some stress, but you'll have me on your side to tell you what you don't need to concern yourself with as you go about your day doing what you need to get done. Call me today to get started!