Mortgages

WHY USE A MORTGAGE BROKER?

As a mortgage agent I am a representative for most Canadian lending institutions in Canada (Banks, Credit Unions, Trust Companies, Finance Companies and private lenders).

In Ontario mortgage agents are educated professionals who are licensed and regulated by the Financial Services Commission of Ontario (FSCO). This is just one of the government agencies that certifies that Canadians are being given reliable protection, a thorough comprehension of mortgage products, and a standard of service to meet their individual needs.

Mortgage Broker vs Bank
Feature Broker Bank
Unbiased Advise Works on behalf of the client and will analyze and select the lender that best suits your needs Works on behalf of the bank. Do you think that a rep from one bank will tell you that another bank has a better rate?
Hours Extended hours 7 days/week in the comfort of your own home Bank hours
Time Saving Dominion expert will shop the market of over 90 lenders You have to go to each lender
Credit Score Pulls credit score only once Pulled by every lender you visit – too many inquiries will negatively affect your credit score
Best Rates Banks offer special rates for brokers and if that rate drops before closing…you get the lowest rate Posted rates

 

A savings of just 1.5% on $200,000 mortgage amortized over 25 years would save you $51,751.15 (at 4% instead of 5.5%). Brokers know that mortgages are more than just rates. It’s about building long term relationships, and getting the best options for your family’s unique needs.

Click here for more information on how I can help you with your Mortgage…

Save