Make a mortgage broker part of your financial plan
The mortgage world – like the investment world – can sometimes be confusing. There is a vast array of choices – open, closed, fixed, floating, long or short amortization, prepayment options, portability… and of course, the rate itself. Making the right mortgage decision can have a huge financial impact over the long term.
So what is a mortgage broker?
The role of a mortgage broker is to understand your mortgage needs, seek out the best options for your situation, and guide you through the lending process. A mortgage broker does not work for any individual institution or lender, but is independent, and has up-to-the-minute loan rates for a wide array of banks and other lending institutions and doesn’t cost you a cent.
A good investment advisor can make you thousands of dollars. But a good mortgage broker will SAVE you thousands of dollars. Whether you are buying a home or renewing a mortgage, consider making a mortgage broker part of your financial plan this year.
Brought to you by Steven Walsh of Mortgage Intelligence. He can be reached at 514 835 1142 or at walsh.s@intelligencehypothécaire.ca
Comment by mortgage leads
A mortgage broker is considered as financial matchmaker between the borrower and the lender. Mortgage brokers are very knowledgeable professionals, as they ll be having contacts with many lenders. They find the best interest rate for the borrowers to suit their needs by taking quotes from various lenders and picking the right one for their clients.
Posted on June 1, 2010 at 3:26 am