I
have decided to go back to the basics this week to explain what Mortgage
Brokers do.
As a Mortgage Broker, I act as the “middle man” between my clients and my lenders. I have access to some major banks as well as many that deal exclusively in mortgages. Those lenders can typically offer lower rates because they do not have the overhead costs of day to day banking. We also deal with all of the lenders in high volumes which allows us to get very discounted rates.
When you come to a Mortgage Broker, you do not have to worry about the hassle of negotiating. We will always find you the best rate possible and we deal with the bank for you. There are also many factors to a mortgage, other than the interest rate, that can cost you a substantial amount in the future. We work with our clients to determine their long term goals and ensure that the product and lender they are using is the right fit.
Traditionally Mortgage Brokers were the last resort for people who did not qualify with the “A” lenders. This is simply no longer the case. With our accessibility to rock bottom rates and more importantly our expertise in mortgage financing, the amount of consumers using Mortgage Brokers over going straight to the bank is steadily increasing. That being said, we do still have access to private and “B” type lenders and products for people who do not quite qualify. The role of a Mortgage Broker has simply shifted.
The biggest misconception about Mortgage Brokers is that we charge fees. The only time a fee would be charged to a client would generally be for a private or commercial deal. You would be advised up front of the cost. For a typical home purchase, refinance or switch – there are no fees.
http://www.youtube.com/watch?v=xirpY60tKHY&feature=youtu.be
http://www.christinebuemann.com
As a Mortgage Broker, I act as the “middle man” between my clients and my lenders. I have access to some major banks as well as many that deal exclusively in mortgages. Those lenders can typically offer lower rates because they do not have the overhead costs of day to day banking. We also deal with all of the lenders in high volumes which allows us to get very discounted rates.
When you come to a Mortgage Broker, you do not have to worry about the hassle of negotiating. We will always find you the best rate possible and we deal with the bank for you. There are also many factors to a mortgage, other than the interest rate, that can cost you a substantial amount in the future. We work with our clients to determine their long term goals and ensure that the product and lender they are using is the right fit.
Traditionally Mortgage Brokers were the last resort for people who did not qualify with the “A” lenders. This is simply no longer the case. With our accessibility to rock bottom rates and more importantly our expertise in mortgage financing, the amount of consumers using Mortgage Brokers over going straight to the bank is steadily increasing. That being said, we do still have access to private and “B” type lenders and products for people who do not quite qualify. The role of a Mortgage Broker has simply shifted.
The biggest misconception about Mortgage Brokers is that we charge fees. The only time a fee would be charged to a client would generally be for a private or commercial deal. You would be advised up front of the cost. For a typical home purchase, refinance or switch – there are no fees.
http://www.youtube.com/watch?v=xirpY60tKHY&feature=youtu.be
http://www.christinebuemann.com
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