A Lender Talks About Mortgage Brokers
Working with a Mortgage Broker | 
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Today, about 30% of Canadian homeowners arrange their mortgages through mortgage brokers – independent specialists with extensive knowledge of mortgage lenders’ product offerings, their features and benefits, and contacts throughout the lender community to ensure competitive rates.
What can a Mortgage Broker do for you?
Mortgage Brokers are experts dedicated to finding the right mortgage solution and simplifying the mortgage financing process. The Broker will take the time to understand your individual situation and tailor the best solution from among the hundreds of products available to today’s homebuyers. Brokers complete all the paperwork and keep up-to-date on industry issues and changes that could affect the decision you make about which mortgage solution is right for you.
A Mortgage Broker will save you time. Comparison shopping involves going from lender to lender repeating your story, asking the same questions and analyzing the answers. That’s time most people don’t have. On top of that, home financing is highly competitive and each product can be complex, which is why you should have an expert on your side.
A Mortgage Broker will also work with you on strategies to manage monthly payments or improve your credit rating.
Questions to ask your mortgage broker:
A Mortgage Broker will also work with you on strategies to manage monthly payments or improve your credit rating. As the term "broker" suggests, he or she gets paid a commission when originating or renewing a mortgage, so you don’t pay a thing!
1. How long have you been a mortgage broker?
2. How long has your company been in business?
3. Can I get references from your clients?
4. How do mortgage brokers make money?
5. What is your experience with this type of transaction?
6. What is the process for closing my mortgage?
7. How quickly can it be done?
8. Which lenders do you work with and why?
Why use a mortgage Broker? Integrity, industry knowledge and service.
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First National is licensed under the Mortgage Brokers, Lenders and Administrators Act 2006 (Ontario) Licence No. 10514
© First National Financial LP
Have a great day!!
Lisette Amalfi, AMP
Mortgage Broker/Owner
Mortgage Alliance Oac Mortgages
Mortgage Alliance Oac Mortgages
As a registered franchise of the Mortgage Alliance Network, we have a number of mortgage professionals who can bring you the choice, convenience, and counsel you need to get the RightMortgage®. Working with over 40 lenders (some offered exclusively through brokers) we'll provide unbiased guidance in your mortgage decision.
We are legislated by the Ministry of Finance FSCO and our brokerage license is 10928.
We are dedicated to educating our clients about their mortgage! We want you to be well informed and comfortable with the mortgage you have and the options available to you. This blog is intended to offer information, updates, current mortgage products and current rates.
Please provide your feedback and let us know if there is anything else we can provide to help you in your mortgage process.
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