Why Use a Mortgage Broker?
What is a Mortgage Broker?
Mortgage brokers are the middleman between a home buyer, and the bank. The biggest question we get is, "Shouldn't a middleman be more expensive? How are you able to get a better rate for me than my own bank?". Mortgage brokers are free because the bank pays the broker. We're able to get exceptional rates for our clients because we have over access to over 30+ banks and lenders. There are numerous benefits of using a broker, and we're here to help our clients get the most out of buying their home.
Benefits of a Mortgage Broker
1. Mortgage broker's services are FREE
Many of my clients are shocked when they realize that mortgage broker's services are usually free! Banks are footing the bill in order to fight for your business and I'm here to get you the best offer. As a broker, I'm here to help advise and choose the best bank to suite your financial income and lifestyle.
2. I'll find you the best interest rates (and terms) in the industry
As a mortgage professional, I have access to over 30+ lenders. My promise to you is to get you excellent interest rates and terms for your mortgage. I believe that a low interest rate is only half of your mortgage. The terms of your mortgage such as pre-payment penalties, mortgage portability, ability for lump sum payments is just as important for the homebuyer. Many of my clients don't realize that one application gives you access 30+ of my lenders. At a bank, each places has to pull your credit score which can lower it. With a mortgage broker, we only need to get information from the credit bureau once, and use the same one for all 30+ lenders. Click here, to see my rates and just a few of the lenders I use.
3. Providing you best in class service and industry knowledge
We've been in the industry for awhile. What's fantastic is that we know how to build and submit mortgage applications to fit each lenders criteria. Homebuyers that are salaried, self-employed, incorporated etc. all need different documentation in order to apply for a mortgage. What many people do not know is not all banks have the same flexibility when it comes to income.
4. I'll walk you step-by-step through the home buying process
Whether you're buying your first home, or buying your forever home. The home buying process can be pretty complicated. As a mortgage broker, I'm here to walk you step by step through the home buying process. I'm here to help you with first-time home buyer's benefits, referring to some of the best realtors, notaries, appraisers, as well as any other questions or concerns you may have. (Except I'm terrible at interior decorating. Please don't ask for my advice on colour choices).
5. Flexibility with time and location
Whether you have work, taking care of the kids or preparing for an event, everyone has something they need to do. My promise to you is that we will find a time and place that will work on your schedule. I'm here to make your life easier. If you want to meet at 11pm because you need to put the kids to bed? That works for me. If you want to meet at 4am because your shift starts at 6am? That works for me. Feel free to contact me and let's schedule a time to meet up. Click Here
Common Questions and Concerns
Q: How are mortgage brokers regulated?
A: As a mortgage broker, we're regulated by FICOM, which is run by the government of British Columbia, and helps regulate mortgage brokers. In additional, all brokers have to disclose how they are getting paid as well complete the sub-mortgage broker license by the University of British Columbia.
Q: Where do I start? Who should I contact first if I'm ready to buy a house?
A: Start with a broker! I'm more than happy to help you with the home buying process. We would first start with a pre-approval which will help you understand how much you can afford. Then you can go house hunting with a budget in mind.