Expert Real Estate
Advice & Know-
KORE Realty #203 -
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A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals.
Traditionally, banks and other lending institutions have sold their own products. However as markets for mortgages have become more competitive, the role of the mortgage broker has become more popular. Today in British Columbia mortgage brokers are the largest sellers of mortgage products for lenders (nearly 70%).
Mortgage brokers “shop” your mortgage loan around to lending institutions to get you your best and most competitive interest rate. Mortgage Brokers work on average with at least 25 lending institutions, therefore have This can save you a lot of money over the term of your mortgage loan. Mortgage brokers are paid by the lender and do not charge fees for good credit applications.
Some of the things a good mortgage professional can do for you include:
Would you like to see what is required to qualify for a mortgage click here. Are you interested in how large a mortgage you may qualify for? You can find a mortgage calculator here. Have you ever if you wanted to see if renting or owning your own home is better for you? You can find that here.
Are you looking for a new mortgage, looking to re-