Have you been contemplating buying a home in the near future, but are intimidated by all the complicated mortgage jargon? You are not alone. Many hopeful homebuyers feel overwhelmed and confused about who to turn to in order to get approved for a mortgage. Many Canadians looking to buy a home may be a little apprehensive about getting a mortgage Guelph, Waterloo, Cambridge, and other areas in Ontario. Perhaps this is because of all the tight stipulations and criteria required by many of the large banks.
How Independent Mortgage Brokers Can Help
Regardless of what type of financial position you may be in, an independent mortgage broker can help. Qualified mortgage brokers like those at www.MortgageMedics.ca are highly skilled in helping homebuyers obtain a variety of types of mortgages to purchase a home. They are trained and licensed professionals who are able to provide their clients with sound information and advice about the type of mortgage that is available for them, including ones for poor credit, first time home buyers and self employed.
Advantages to Using a Mortgage Broker
Mortgage brokers have the flexibility that banks do not have when it comes to finding the best mortgage options for their clients. Banks are limited to their own options that they are able to offer their clients. On the other hand, independent mortgage brokers are able to offer a variety of options to their clients since they deal with big banks in addition to credit unions, finance companies, private lenders and others. Mortgage agents will shop around with a multitude of lenders to find the perfect mortgage package, as well as the lowest mortgage rate possible.
Getting approved for a mortgage is easier when dealing with an independent mortgage broker. They know how to set up the application, and what lender to look to that will offer a suitable mortgage for a specific client. You only have to fill out one application and they shop it across all lenders.
Dealing with a mortgage broker, like those at MortgageMedics.ca, can really save you both time and money. The effort required to look around from one lender to the next to see which rates and packages best suit your needs can take days if done yourself, and you will not have access to all products as some are not available to the general public. Instead, use the professional services of an independent mortgage agent to do that leg work for you. Don’t delay – call the experts at MortgageMedics.ca today and get the best mortgage possible for your new home in Guelph, Waterloo or Cambridge! You can reach them at 289-837-1518 – they even make housecalls!