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The-Mortgage-Gal

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.

This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.



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About the Author

Tracy Head helps busy families get a head start on home ownership.

With today’s increasingly complicated mortgage rules, Tracy spends time getting to know her clients and helps them to better understand the mortgage process. She supports her clients before, during, and after their mortgage is in place.

Tracy works closely with her clients, offering advice and options. With access to more than 40 different lenders. She is able to assist with residential, commercial, and reverse mortgages in order to match the needs of her clients with the right mortgage package.

Tracy works hard to find the right fit for her clients and provide support for years down the road.

Call Tracy at 250-826-5857 or reach out by email [email protected]

Visit her website at www.headstartmortgages.com

Download her app: Headstart Mortgage Architects

 

 



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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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