Unlike those who work for big banks and credit unions, mortgage brokers are independent experts that are trained and licensed to help you lock into a mortgage to help you fund your home. Since they work for you, they can provide you with the best unbiased advice regarding your needs for home financing in Greater Toronto and other areas of Ontario.
The most fundamental task of a mortgage broker is to locate the funds required to finance a home with terms and conditions that suit your current, and future, needs. You only need to fill out one application and your mortgage broker can shop it over lenders across Canada. Have a hard-to-place mortgage – like self-employed, poor credit or New to Canada? An experienced mortgage broker knows which lenders to talk to, and how to negotiate the best terms and conditions possible. They are able to skillfully negotiate with lenders, because they have the knowledge and expertise necessary to fill out the required mortgage applications and to help you better understand your borrowing obligations and credit options. Instead of selling you limited bank offerings, mortgage agents also deal with credit unions, finance companies, investment firms and private lenders.
Independent brokers are not limited to the types of mortgage options they can offer you, but can also provide you with many home loan options. They can offer refinancing for your current mortgage, mortgage renewals, second mortgages, equity lines of credit and second home mortgages. An independent mortgage broker can take a lot of time and stress off your plate by shopping around from one lender to the next to find the right lending product for your needs. They also have access to lending products that aren’t directly available to end consumers.
The entire mortgage process can be a little daunting and confusing, especially when trying to fill out all the forms and applications. Mortgage brokers help you sift through all that information, and make sense of it all so it is understood – even if you are a first time home buyer. They can explain terms, fixed and variable rates, lump sum payments and other options.
If you are in need of a mortgage, it is best to go with someone that is highly rated and has experience. Claire Drage, an awarding winning Greater Toronto mortgage broker, is one of the top brokers in Canada. She has her system down to a science and will help you avoid first time buyer mistakes or getting locked into the wrong home loan. Claire trains and supervises other mortgage agents, but still does one on one consultations with clients to help them understand their mortgage options; how to improve credit and how to get mortgage free sooner. She has helped buyers finance their primary, secondary or investment homes all over the Etobicoke, Mississauga, Oakville, Burlington, Milton and GTA areas. Call Claire and her team today at 1-289-679-0123, or visit her online at www.yourmortgageoptions.ca to get the mortgage process rolling right away!