The Benefits of Obtaining Mortgages through a Mortgage Agent

0 Comment / Realtor Blog / mortgages /

In Canada, there are typically two ways to get mortgages – from a licensed mortgage professional or a bank. Recently, you might have been hearing many of your colleagues and friends talking about getting their mortgages through a mortgage agent. Why?

Well, banks only offer products from their institutions, whereas licensed professionals send millions of dollars’ worth of mortgages every year to Canada’s biggest banks, financial institutions, trust companies, and credit unions, offering clients access to a multitude of different mortgage products.

But the main reason for the increasing popularity of mortgage agents is that they offer several significant benefits, including:

• Unbiased, Independent Advice: Mortgage agents get mortgages from a variety of lenders so they aren’t restricted to one type of mortgage and one lender.

• More Choice: Agents have electronic access to just about every main lender in the country so they can offer a wide range of features and rates.

• Best Rates: Mortgage agents study the rates every day and always know where to get the most competitive ones. Moreover, they know how to negotiate with lenders to get the best possible deals.

• Local, Fast, Convenient Service: Mortgage agents are motivated to keep mortgages moving forward fast because they only get paid by lenders when mortgages are complete.

• Specialized Knowledge: Mortgage agents are specialists who fully understand all products, rates and features. They explain everything to you to ensure you know what you’re getting into.

• Established, Secure Lenders: Mortgage agents deal with established, reputable Canadian financial institutions, but they also have access to other innovative lenders who offer mortgages with even more attractive features and rates.

 

Need an expert on mortgages? Contact me, Kevin Smith of Royal LePage Trinity Realty. My experience regarding the financial aspects of real estate transactions will mean less stress for you. Give me a call today.