Why Use a Mortgage Broker?       

Top 10 Reasons to use a Mortgage Broker:

     1. We are trained experts in finding the best fit, in regards to a Mortgage Product that suits you needs.

     2. We work for you not the lender or bank.

     3. Have access to over 50 lenders including banks, trust companies and private lenders.

     4. Fast credit and loan approval.

     5. Keep your credit rating higher, by only requesting your credit report once. 

     6. Up to date on the ever-changing terms, rates and current market trends.

     7. Mortgage Brokers save you time and money. 

     8. Professional presentations to the lenders on your behalf.

     9. Can get you great rates, some lenders have wholesale rates available to qualified borrowers and certain brokers like Morinville Mortgage.

   10. The service of a broker is FREE!  

What is a Mortgage Broker? 

A Mortgage Broker is an independent and impartial personal representative whose job is it to find the most appropriate mortgage for your needs.   They are trained and licensed mortgage experts who deal with numerous financial institutions that allow them to search and secure you the most competitive rate possible.  

Mortgage Brokers work for you not the bank! 

Instead of working for a particular lender, mortgage brokers are your personal facilitators in the area of home financing. They search for all the available options and present them to you giving you more options and to ultimately save you money. Because they are your facilitator they are also able to present all of the information in plain English, making sure you understand everything that there is to know about your mortgage.

Mortgage Brokers have access to many different mortgage products. 

Because mortgage brokers are independent they have over 50 different lending and financing institutions available to them in order to find you the best rate.   This includes all major banks, trust companies, and private lenders.   Having all of these different opportunities also allows them to find specific products that will suit your needs as either a single person, a couple, or someone who is self employed.

Mortgage brokers give you a fast credit and loan approval. 

A benefit when dealing with a mortgage broker is that they are your own personal advocate who works within a company with large volume of customers. This allows your broker to have access to a large number of resources in order to give you a quick and easy approval.

Using a broker keeps your credit rating high while accessing many different lenders. 

You might have heard that getting your credit rating pulled from different lenders will affect your credit rating. This is true but mortgage brokers only have to pull your credit rating once and still give you the access to the many different lending opportunities.   They give you all the options possible without damaging your credit rating.

Mortgage brokers give you everything that is up to date! 

Mortgage brokers are experts in their field and are looking to find the best opportunity for their customers. They make sure they understand the current, sometimes daily, differences in the market and make sure you have access to the best current rate.

Mortgage brokers save you time and money! 

Instead of taking time out of your day to find a suitable mortgage from different banks, trust a mortgage broker to do the digging for you. This saves you time, but also money. They are able to find the lowest unadvertised rates and work in your best interest because of the many different mortgage products available to them.

Mortgage brokers deal with the lenders and give you the best opportunity to receive your mortgage. 

Not only do they make a personal relationship with you as there broker they also make a personal and professional relationship with your lender. This is to keep you safe and allows for a worry free experience in finding the best mortgage.

Mortgage brokers can find the best rates! 

Some lenders only work through mortgage brokers and often this means that their rate is lower than the banks.   Mortgage brokers give you access to the unadvertised and wholesale rates you would not have access to through a bank.

Using a mortgage broker is FREE! 

A mortgage broker is your personal employee but the financial institutions pay them. Your mortgage broker gets paid by the lenders for bring a creditworthy customer like you. They get a “finders fee”, and this fee is similar through all lenders, which makes the broker have no favour over a particular lender.   This yet another reason that mortgage brokers are able to find you the best possible mortgage.