To put it simply, a Mortgage Broker is your coach and your biggest supporter when it comes to financing your home. They are there to find you the best deal on your home financing by getting to know you and your needs and then taking the information to their lenders to see who will provide you with the best deal – suited for you. This will not only save you money, but it will save you the time of having to search the marketplace on your own.

Working For YOU!
Mortgage Brokers do not work for one specific bank, although some bank representatives claim they are “brokers.” Let me just say, be cautious when you are dealing with the term broker. A real “broker” has access to multiple products, not just those offered by one institution. A real broker such as myself will go to that bank where that “broker” works, another bank, a credit union, Joe the private investor and so on and so forth. Because we (the real brokers) do not work for any of those institutions, we are not working to a goal say for example of 5 variable rate mortgages this week, or trying to hit budgets. We truly are looking out for the best needs of our clients.

FREE services for you!
So if we don’t work for the bank… and we are working for you… does that mean you have to pay us? NO!!! We are paid by the institution who you secure your mortgage through, when you take possession. We work with you from the time you decide you are interested in purchasing and you come to see your broker for a pre-approval, to the time you move in. And it doesn’t stop there – your broker will be there for you with any questions or concerns for the duration of your term, when the process starts over for renewal!

COACH to you!
The purpose of my job is to help you through the process. First time home buyers especially don’t always know what exactly to expect. When buying a home, the one question that is generally always asked is “Can I get the lowest rate?!” As great as a low rate is, what happens if you want to move 2 years down the road and you are in a 5 year term? What is the compounding period? Wait, what is a compounding period?! These are all questions that I will get to later on in my blogging 🙂

PROS & CONS
Of course when you google anything, you will get an influx of random information. How do you know what is true and what is not true? I would be happy to answer any questions to validate the cons, however please keep in mind that Mortgage Brokers such as myself are independently owned and operated, meaning that we all conduct our business differently. In the end, it is your money and the choice to use a broker or a bank is all yours. But before you go and sign your life away, give me the opportunity to show you how I can help you.

Stay tuned for more!