When it’s time to secure a mortgage in Burlington, you have plenty of choices. You could go with the old standby of visiting your local bank and speaking with a loan officer. Assuming the staff knows you, there’s a good chance they will give you a great deal on a home mortgage, right? Not necessarily. To get the best deal possible, a mortgage broker is the only option.
Offers from multiple lenders, not just one
Though your bank may give you ‘their best deal’ on a home mortgage in Burlington, that isn’t where your search for the best mortgage for your financial situation should end. By visiting a mortgage broker, you will receive offers from multiple lenders hoping you will choose their plan of action. A good mortgage broker will help you to navigate through these offers and help you to determine which mortgage is right for you.
Offers tailored for you, not the banks
This brings us to a very important point: mortgage brokers help you to find the best mortgage for you rather than finding the best mortgage offered. Know the difference as you search for a mortgage in Burlington. Good mortgage brokers have years of experience. From this experience they have cultivated relationships and have sources, leads, and a solid reputation that allows them to negotiate and find the perfect mortgage for you. This is key difference and brings up an even bigger key difference would-be borrowers should be aware of: mortgage brokers represent you; loan officers at banks represent…well, the bank.
Saves countless hours of searching
When searching for a mortgage in Burlington, ON who actually has the time to search through hundreds of offers? Even then, who has the time to learn and understand the minute details of what’s in them? Enter one of the most obvious reasons for choosing a mortgage broker: the amount of time would-be borrowers will save. Like your local bank’s loan officer, speaking and using their service is free since they’re paid commission by the lender you choose. Thus, their motivation is to find the best mortgage for you and properly explain why it’s such a smart choice. This allows you to choose a mortgage that’s right for you, they get paid their fair share, and everyone walks away happy: it’s a true win-win.
Mortgage brokers are unbiased professionals
As much as you may trust your local bank and even the staff that works there, in the end they are obligated to sell the bank’s services and nothing more. There’s immediate bias when you walk through the doors of your local bank – those are just the facts. When choosing a mortgage broker to find the best mortgage in Burlington for your needs, there isn’t a bias because the broker doesn’t represent anyone other than their brand, staff, and you.
Secure a (potentially) lower interest rate
Because a mortgage broker is willing to fight for you as you secure a mortgage in Burlington, ON, expect to obtain a lower interest rate than your local bank. Lenders are competing among others in hopes that you will choose them for their mortgage so they’re much more willing to provide a better deal than other financial institutions. If time is on your side and you’re not opposed to playing a waiting game, this can improve the odds even further that you can secure an interest rate that you’re most comfortable with.
Ready to get the ball rolling on finding the perfect mortgage in Burlington for your needs? Choose Diane Bertolin for all of your mortgage broker needs. Bertolin and her fine staff will fight for you as they secure the best mortgage for your financial situation so expect nothing less. Call today, and get the process started!