Our top reasons you should #GoWithABroker
In our experience, we have found that the story is really always the same: a friend of yours puts a down payment on a house that they absolutely love, they go to their local bank and apply for a mortgage, and the unfortunate truth is that they are now stuck with that bank for the next 15 to 30 years. This scenario is extremely common, but did you know that there’s a better way?
Working directly with a mortgage broker is almost always a better solution.
You may see ads or news about mortgage brokers come around from time to time, but it is not always clear exactly why you’d work with a broker over a local bank. In this article, we want to give you some compelling reasons for why you should choose to #GoWithABroker!
Having More Options
As previously mentioned, mortgage brokers often have access to specific products that the general public does not have access to. These will vary in certain ways, such as fine print of the loan which includes prepayment privileges, penalties, and so on. But more than that, when individuals go with a broker – like us – it means they get a solution that accurately fits their circumstances- this is because mortgage brokers can find you a multitude of options through different lenders!
Getting You Better Rates
As a wholesale mortgage broker, we often have access to products that the general public simply do not have. What this means is that we can leverage our broker status to give our clients better interest rates than they would receive if they were to approach a lender on their own. Our clients pay less interest over the term of their mortgage, potentially saving them money and making owning their home truly more accessible.
A Smoother Process
Beyond simply just the rates, a mortgage broker can reduce the turmoil in their clients’ mortgage applications. We know exactly which documents are needed to start the application, and for more uncommon documents we can give advice on how to obtain them. Our clients don’t just save time and money, but they also save stress as well!
The list of reasons why we recommend going with a broker can go on and on, but we want to emphasize these three points as the most important. Working with a broker can give you more options, get you better rates, and help make the process smooth and stress-free. The goal is to always find you a loan that works best for you!