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Questions You Must Ask When Interviewing a Mortgage Lender

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Why Deal With a Mortgage Broker?

Top Reasons Why You Should Use a Mortgage Broker:

  1. Mortgage brokers can save you money because they bring a broad choice of mortgage products at rates seldom offered by bankers, mainly because they have such a wide choice of competing reputable banks , trust companies and private lenders to deal with.

  2. Mortgage brokers are on your side. As they are unbiased and represent a choice of lenders they work for you to get the best deal.

  3. Financial institutions pay reasonable finders fees to brokers for finding and bringing in qualified business, therefore you, the customer, do not pay a fee for a mortgage broker's consulting services. (Some exceptions may arise.)

  4. Mortgage brokers will save you time and frustration because they will shop the marketplace for you. Because mortgage brokers deal with many lenders they know which companies offer the best interest rates for the type of mortgage you need, saving you the time and frustration if you shopped yourself.

  5. Mortgage brokers understand the pressures of buying a home or getting a new mortgage. They provide quick pre-approvals, so in most instances you will know immediately what you can afford.

  6. Mortgage brokers are licensed professionals, highly motivated specialists; they know and understand mortgages better than anyone. Brokers offer consumers - particularly first-time buyers - a high degree of expertise and knowledge on the nuances of mortgages rarely found at the local bank.

  7. One credit check will be used with multiple lenders. If you were to apply at multiple lending institutions for a mortgage, each lender would have to do their own credit check. The more credit check enquiries the lower you overall credit score will become. Based on your credit score the lender may or may not offer their best rates. If you use a broker, only ONE credit check will be conducted which will be used use with all of our different lenders.

  8. So why use a bank or a "one bank" representative when a full-fledged mortgage broker can offer so much more.

Call me Today!

Danuta Levitzki Worozanska
Conseillère en Financement Hypothécaire
Mortgage Loan Specialist



Sincerely

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