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WHY USE A MORTGAGE BROKER? |
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WHY USE A MORTGAGE BROKER?
Because mortgage brokers study rate markets and have direct access to several different lenders, they can offer you highly competitive rates that are among the best available.Because mortgage brokers don't work for any of the lenders, they won't try to lead you in a certain direction.........
WHAT A MORTGAGE BROKER DOES?
A mortgage broker acts as a "middleman" between a borrower and prospective lenders. The mortgage broker compares mortgage deals and negotiates with lenders on behalf of the borrower in return for a flat fee or commission.
WHY USE A MORTGAGE BROKER? Because mortgage brokers study rate markets and have direct access to several different lenders, they can offer you highly competitive rates that are among the best available.Because mortgage brokers don't work for any of the lenders, they won't try to lead you in a certain direction. After making sure they understand your needs, they'll present you with some options and together you'll decide which mortgage is best for you and your financial future.Advantages of using a mortgage broker rather than bank:
- Power of professional negotiating expertise.
- One stop convenience for access to numerous mortgage products.
- Unbiased knowledgeable advice.
- Access to unadvertised rates.
Work for you, not the Bank.
How you could benefit from using one:
- Good mortgage brokers know the "ins and outs" of the mortgage process and they can lead you step-by-step from start to finish.
- A good mortgage broker will negotiate effectively on your behalf and get you the best mortgage deal possible.
(Negotiating your mortgage interest rate down by just one percentage point can result in the savings of thousands of dollars in interest payments over the course of a 30 year mortgage!)
- An experienced mortgage broker will know most of the lenders in your local area on a first-name basis, usually leading to a better mortgage deal than you could wrangle on your own.
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Last Updated ( Wednesday, 21 July 2010 )
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