Selecting the right mortgage planner

If you were investing the same amount of money you are considering borrowing right now, or have already borrowed, how would you choose your financial advisor?

For me, and an increasingly greater number of Canadians, making a decision to choose a Financial Advisor is not about the price of the investment product or stock that day.  If I was considering the prospects of investing my own money into the financial markets I would choose my financial advisor based on his/her ability to build a customized investment strategy to grow my assets over time, that suits my personal financial beliefs, and finally on my confidence that he/she could pull off the recommended plan for me.  In the mortgage business today, what I notice is people are blindly making a decision of who gets the privilege of managing their mortgage based solely on the mortgage rate on that day, for a product that may not even be the best fit for them.  I encourage you to ask yourself this question through out your mortgage shopping journey...

"Other than Mortgage Rate, what factors will I be considering when choosing who gets the privilege of managing my Mortgage?"
I thing the "Shopping Around" for a mortgage is a good thing to do.  If you do shop around I would like to HELP YOU do so more intelligently by giving you a process to help screen your next potential bank or mortgage company.  I think simply asking around for the "best interest rate" isn't good enough anymore.

Be Smart...

Ask Questions....

Get  the Answers!

Make sure you are working with an experienced Mortgage Professional.  Those who have their Accredited Mortgage Professional (AMP) designation have to regularly complete 12 hours of professional development every year.  The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along the way.  But how can you tell?

By asking the four simple questions I can provide to you, you will be able to determine the experience and capability of the mortgage professional you are talking to.  I believe that every mortgage professional, whether they work at a bank or independently, absolutely must be able to answer them correctly.

If they don't know the answers...RUN...DON'T WALK..to a lender that does!

If you would like to have a list of the questions to ask then please email me at [email protected] or call 250 862 1806.

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About the Author

Laurie Baird and Tracy Head are mortgage brokers with Verico Complete Mortgage Services. Together they have over 45 years of experience in the mortgage industry.

As mortgage brokers, Laurie and Tracy spend time getting to know the people they work with and help them understand the mortgage process. They support their clients before, during, and after a home purchase.

Laurie and Tracy are able to offer their clients advice and options. With access to over 40 different lenders, Laurie and Tracy are able to match the needs of their clients with the right mortgage package. They work closely with their clients to find the right fit, and are around to provide support for years down the road!

Contact them at 250-862-1806 or visit:

Visit Laurie's blog at: https://www.okanaganmortgages.com/blog

The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet does not warrant the contents.

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