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Advantages of Working With a Licensed Mortgage Broker

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Do you know the difference between a Mortgage Broker and a bank specialist? With a number of differences between the two, here is some useful information to help you understand.

  • A Mortgage Broker works for you, the client, giving them the ability to offer you a variety of mortgage products from a number of financial institutions. Because a bank specialist works for the bank, they can typically only offer you their institution’s products. 
  • Where a Mortgage Broker must be licensed and is subject to a strict set of requirements, bank specialists are not licensed and require no formal training.  
  • Mortgage Brokers use their knowledge and experience to negotiate the best possible rate and product for you from a number of lenders. When you see a bank specialist, that mortgage negotiating is typically left up to you. 
  • Mortgage Brokers are paid by the lender not the borrower on most high ratio and conventional mortgages. If there is a cost, you will be advised of those costs up front. 
So, if you have the ability to use the services of a professional Mortgage Broker and have them do all your mortgage leg work at no cost, why not take advantage of the offer?

www.christinebuemann.ca
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Location: 1338 Central St E, Prince George, BC V2M 3C1, Canada

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