The next time you’re looking for a mortgage for that new house or you’re up for renewal on your existing mortgage, think about using a mortgage agent – their services are free and they offer you an abundance of choices the banks simply can’t compete with.
Mortgage agents have access to a vast array of lenders – up to 90+ institutions, including some of the big banks – which enables these professionals to negotiate the best possible mortgage products and rates on your behalf. In comparison, if you approach your bank with a mortgage request, they can only offer you a narrow choice – namely, their own products.
Mortgage agents do their homework on available mortgage products and keep themselves abreast of any new products, or changes to existing products, to ensure they find the best mortgage to fit your specific needs.
Unlike the banks, mortgage agents can also cater to self-employed borrowers as well as those who have suffered credit blemishes due to life experiences such as divorce or illness. Agents will listen to your story, whereas the banks have a very narrow view of what fits into their financing box – and this is unnegotiable.
If you’re thinking of buying a home, Jennifer Cordingley of Mortgage Select Ltd. o/a The Mortgage Centre Canada can find a mortgage rate and term that fits your unique situation.
Top Reasons for Using a Agent:
Choice – access to multiple financial institutions
Costs – using a agent is free and they can negotiate lower rates for you
Knowledge – agents stay up-to-date on available products and services
Flexibility – mortgage products are even available for the self-employed or those who have credit blemishes