Understanding the real estate market and mortgage process can be tough to manage whilst also looking for the right property. The assitance of an expert mortgage broker can really set your mind at ease when making such a large decision.
A mortgage broker acts as a liaison between you and the lending association and their job is to negotiate the best available terms and rates on your behalf. This often involves working with dozens of lenders in order to secure the options you are looking for.
We spoke to Dominion Lending Centres and Garibaldi Mortgage, two local mortgage brokers, to find out the benefits of using a mortgage broker:
Brokers have access to multiple lenders’ products including banks, credit unions, private lenders, and other alternate lenders. This gives you far more choice and flexibility in securing the right deal for you.
Using a broker takes the weight off your shoulders and saves you time during the home buying process. A broker will conduct all the legwork including paperwork and negotiating with lenders on your behalf. This means you are free to focus on the actual property.
Mortgages can be a complicated subject, but a broker is there to explain all the ins and outs and provide you with the best advice for your situation. They are your personal advisor and are there to help you through the process, making it easier and simpler for you.
Your chosen broker should stay in touch with you throughout the life of your mortgage and assist with every step of the process. This means they are also there should you need to renew or renegotiate your mortgage.
For more information on securing a mortgage in Whistler: