For most of us, ideas about mortgages have been instilled in us by years of institutionalized adverting and marketing set up on the walls and on the TV screens of our trusted banks and financial institutions. We may come to believe that the only "safe" way to get a mortgage is through our trusted bank, and we may assume independent mortgage brokers are only for people who have bad credit or were turned down by a bank...
The truth is, choosing to go with an independent broker could end up saving you thousands of dollars, because independent brokers have access to all of the trusted banks and all of the whistles and bells that come with each of their packages.
All homebuyers and homeowners can save time and money by enlisting the services of a broker. Here are the top 3 reasons to use Jacqui Mulikow as your mortgage broker:
1) A mortgage broker has access to many competing lending institutions, including banks, credit unions, trust companies and even private individuals. Since mortgage brokers do not have to sell the products of any one lender, they can be completely unbiased in recommending a mortgage that has the most attractive rate and features for their clients.
2) If your credit rating is important to you, then you also need to consider that when you shop from lender to lender, there is an accumulation of inquiries on your credit bureau report, affecting your credit rating and ultimately the rate and terms of your mortgage. This isn’t the case with a mortgage broker who only does one inquiry yet can still get many competing lenders to quote on your business.
3) And finally, an important misconception that should be discussed – fees. Some think that using a broker will be costly, and that there will be an upfront fee. In most cases, there is no fee because the lender that provides the mortgage pays the mortgage broker a fee for originating and negotiating the mortgage. As you would expect, a fee may still be charged to clients when private money is used, although this compensates for the time and effort required to negotiate the mortgage.
I am here to discuss why working with a broker is a decision that makes sense, financially and personally. I will shop for the bank that is best for you! Let’s talk – 403-614-9253 or email me your questions.