Mortgage Brokers always work hard for YOU and NOT the banks!

Mortgage financing may sound too technical for some. A mortgage broker will help you understand the ins and outs of the industry, especially in terms of locating funding for mortgage financing. They have their ways of finding the best rates. With their expertise and experience, they can help you present a proposal for financing to different lenders providing the best way possible. Their knowledge helps people successfully achieve their mortgage financing goals.

Brokers have a variety of products to offer you. They understand your situation and look for the best lender package to give you, whether a Trust or Insurance Company, or Chartered Bank,  or Private Funds. Brokers are your partners in managing your finances. 

As trained professionals, they help you save on mortgage dollars and will not lead you to spend as many as thousands of dollars for the wrong mortgage.

There is a wide array of options and features available to different home buyers today, regardless of whether you are a first-time homebuyer or a buyer of another property for you. Home shopping takes a lot of your time and effort. Also, the tedious mortgage process within today’s competitive marketplace discourages many Canadian homebuyers. It helps a lot if you can work with a mortgage professional. With that, he or she will represent you and ensure that the mortgage you get is the one that suits you the best based on your needs. 

Choosing the wrong mortgage can cost you thousands of extra dollars. Mortgage brokers, just like Saif Abdulah, are trained professionals who can help you save on your mortgage dollar.

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10 Reasons to Hire a Mortgage Broker.

Mortgage brokers have access to and knowledge of different lenders, banks, trust companies, investors, and financial institutions. Mortgage brokers have a wide range of networks they have worked with. Their networks vary from banks, companies, and other financial institutions with which they know how to work. They know how to communicate with these institutions, given their unique processes. They can help you choose which institution is the best for your needs.

Mortgage Brokers have fast credit and loan pre-approvals with no cost or obligation. Note that some conditions may apply. Most mortgage brokers and consultants have their reputation and records under their names. Banking on these records, financial institutions have known them for some work they have done. In most cases, mortgage brokers and consultants have good track records that the banks can rely upon. If your mortgage consultant has a good track record, your applications will have faster credit and loan pre-approval.  

They are trained experts at matching you with the best-suited mortgage for you and your capacity. A mortgage broker, even if they are new to the business or not, is an expert. They have studied and licensed to be one. Even though others do not think they need one, it is important to have an expert to manage your mortgages to match you with the best deals.

Get mortgage rates at wholesale with a guarantee of up to 120 days. Once you agree to the loan arrangements, a mortgage consultant has an interest rate called rate locks. Mortgage consultants provide this rate lock rate depending on your agreement which varies from 30, 60, or even up to 120 days.

They work for YOU, not the bank. One of the most common misconceptions includes that mortgage brokers do not work for the bank, but they work for you. Mortgage brokers work in the interest of their clients. What matters most are the needs of the clients and not the bank profit nor interest. Mortgage brokers’ primary goal is to help their clients find the most suitable packages for them.

They are up-to-date on all the mortgage rates, terms, and repayment options available on the market. While working and continuously learning, mortgage consultants should always remain up to date with the industry rates, terms, and payment options. Mortgage consultants will provide you the common options and prices available in the market today.

Brokers only specialize in mortgages and are knowledgeable on current trends. Mortgage brokers always keep themselves up to date with the latest trends and issues. Through different means, consultants develop their specializations and keep up with the current trends, not just in marketing but also with the technologies and available options for the fast-changing needs of every client.

They increase competition in the marketplace, thus keeping rates low. Basic principles in economics are when the demand is high; prices tend to be low. This is also true in terms of mortgages. Mortgage brokers increase the competition by upstreaming the competition and facilitating the entry of new, lower-cost lenders.

They save you time and money! Since most brokers do most of the work for you, it saves you more time and money. Aside from that, you also save money by riding on your broker’s credibility to get discounts and more incentives.

They have a vested interest in satisfying your needs because they rely on referrals and repeat business. 40% of an ordinary broker’s clients came from referrals. Word of mouth is very important for mortgage brokers. That is why they make sure that every client is 100% satisfied with their work. They bank on customer loyalty and satisfaction to increase their client portfolio.

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Other than rates, why should I use a Mortgage Broker?

Mortgage-based financing is the broker’s primary business. Aside from rates, he or she has developed expertise (through continuous learning after their licensure exam) in different types of mortgage financing, which each lender prefers to pursue. This type of knowledge not only gives the most favorable rates for each project for their clients but often if a project is funded at all.

How do Mortgage Brokers Find Superior Rates?

Interest rates have always been a great concern for borrowers. Financial institutions will only accept mortgage submissions from mortgage brokers, which makes it hard for individuals. Mortgage brokers have constant contact with institutions that lend money, making them more familiar with every project, thus attracting more favorable interest rates for their clients than other institutions.

The rates they offer and the preferences for types of mortgages may change on a daily basis depending on the economic climate or based on the size of an institution’s financial portfolio for a specific mortgage type. For you to fully understand this to make use of this to your advantage, your mortgage broker can help you. They have the current trends, the ins and outs, and ways on how to best approach the lender and which lender to approach first. With this, the mortgage rates that the brokers have are among the best available during the placement.

If you are to purchase a home and would like to get a mortgage loan, Saif is the best mortgage agent to be in contact with! He service areas in locations such as Toronto, North York, Scarborough, Pickering, Oshawa, Ajax, Whitby, Etobicoke, Thornhill, Richmond Hill, Markham, Stouffville, Uxbridge, Vaughan, Concord, Woodbridge, Mississauga, Oakville, King City, Caledon, Nobleton, Milton, Aurora, Newmarket, East Gwillimbury, Keswick, Bradford, New Tecumseth, Georgina, Innisville, Guelph, Barrie, Ottawa, Orangeville, Collingwood, Kitchener, Hamilton, Cambridge, Waterloo, St. Catharines, Niagara Falls, London, Peterborough, and Ontario. Call now!

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Home Buyer’s Guide

A complete guide to help you learn everything about buying a home.

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