The Real Deal Regarding Mortgage Brokering

Purchasing a home requires a large commitment. Thorough financial planning, investigation, and deliberation are necessary. Just as you wouldn't choose to sell your home without first consulting a real estate agent, you should never choose a mortgage without expert assistance. Nonetheless, mortgage brokers have historically been associated with stigma. Myths such as "mortgage brokers are fee-only, very expensive, and not worth the investment" are detrimental to both you and the mortgage market. As a knowledgeable mortgage broker, Mortgage Broker Surrey BC, I can assist in dispelling these myths and influencing public perception of mortgage broking. 

1. Mortgage brokers charge a fee

Most consumers will eventually be informed that there will be a cost associated with using a mortgage broker. Most of the time, this is not true. Lenders typically pay finders' fees to mortgage brokers in addition to offering broker clients discounted rates. When a private lender is hired for a first or second mortgage and does not get a referral fee, that is the only scenario in which a fee may be assessed.

2. Mortgage brokers charge higher rates

Regardless of its own financial gain, it owes it to its clients to find them the greatest price. Compared to the main banks, the lenders that mortgage brokers work with offer cheaper rates. Mortgage brokers can access a wide range of lenders, providing their clients with additional mortgage possibilities.

Takeaway

If you have any queries about mortgages, mortgage rates, or pre-payment limits, get in touch with a knowledgeable mortgage broker right now. As a seasoned mortgage broker, I'm ready to hear you out and consider your worries. 

Please get in touch with me if you need a mortgage broker in Chilliwack, British Columbia. I have over forty years of experience working for several financial companies in the financial industry. I'll work for you to ensure that the mortgage you receive best fits your particular financial situation.

I provide a variety of mortgage services, including purchase and improvement mortgages, mortgage renewals, refinancing mortgages, home equity lines of credit, second mortgages, and mortgages for first-time home buyers who are new to Canada. 

In Maple Ridge, Abbotsford, Chilliwack, Mission, Langley, Hope, and the surrounding areas, I provide my services to clients. Please visit this link to find out more about the services I provide. To reach me, just visit this link.