Why use a Mortgage Broker
What is a Mortgage Broker?
A mortgage broker is an independent professional who works as the liaison between the borrower and the lender to negotiate mortgage loans. We are mortgage loan specialists. It is all that we do. Whether you are purchasing a new home, switching mortgages, or refinancing you existing mortgage or mortgages, many factors must be considered. Its our job to analyze specific needs and find the best mortgage product that satisfies your budget and goals.
Why use a Mortgage Broker?
We have access to numerous lending institutions and investors. We will make sure to get the best loan possible: the best interest rate, conditions, and prepayment privileges. You won't have to deal with any financial institution yourself. We deal with the same lenders you're used to dealing with. Including the 'Big Banks' and Trust Companies. We deal in great volume of mortgages and pass on the savings to you. We also deal with some innovative broker-only lenders who can offer even more attractive rates and features.
I've Been Turned Down by the Bank. Can You Help?
Maybe. Don't get discouraged if you are turned away by a bank - you might still be able to obtain a mortgage. Your bank has a certain set of criteria that you don't meet but other lenders, including some large institutions, may still take you as a client. We can advise you on how to fix your current situation so that you may qualify for a mortgage in the near future. We also have access to private lenders ranging from individual investors to mortgage investment corporations that use a different set of criteria to make mortgage decisions.
How Fast Can a Mortgage Broker Work?
We strive to provide you the fastest and most reliable service possible. Operating with the up to date software and technology, we can offer a quick turn around time on applications. We will explain your terms and conditions including the interest rate, prepayment privileges and clarify all of your questions. We build our reputation on timely service, reliability, creative thinking and a conscientious attitude towards your needs. At the very least we'll treat you like a human being, and not a number!
There is some good information located here at the Financial Services Commission of Ontario website under Deposit Institutions in the Mortgage Brokers section. Make sure that your Mortgage Broker is licensed and registered.
Need a Commercial Mortgage
Loan for Canada? or are you
seeking a U.S. Commercial Mortgage Loan?
is a mortgage broker agent with Discount Mortgage Canada
Inc. Our partnership with this Ontario Mortgage Broker allows us to
service the residential mortgage needs of clients for purchase, renewal,
refinance, debt consolidation and construction throughout Ontario. 