Brokers save you money

5 reasons to use a mortgage broker

There are a lot of good reasons to work with a mortgage broker when you’re buying or refinancing a home. 

To help you understand just how valuable your broker can be, here is a list of the top five reasons. There are many more

1. Mortgage solutions are their area of expertise.

• You need to find a mortgage or refinance an existing one, but you have questions.
• Where do I start?
• Which lender best fits my needs?
• Which lender can offer me the best value?
• Are there really differences between mortgages?
• Which features are best for my needs?
• Brokers have experience working with banks and other lenders.They understand the benefits of the various rate options, and they’re familiar with the many types of mortgages and which one might be right for you.

Your broker has the answers.

2. Your broker is your champion.

• Your broker negotiates with the lender on your behalf, manages obstacles, processes paperwork and hammers out the details.
• They’ll help simplify what can be an overwhelming experience and take your long-term goals into consideration.

Your broker is on your side.

3. Personalized service.

• Your broker will work with you through every step of the purchase or refinance process. 
• They will walk you through the application process and help you to understand your options and answer any question you have.

After all, your broker’s success is dependent on your satisfaction.

4. Your broker finds solutions that fit your needs.

• Your broker will help you navigate the confusing road map of rate types, mortgage options and terms to decide which solution is best for you and your financial planning. 
• Your broker takes the time to understand your financial situation and needs to avoid unnecessary risk.

And that can save you money.

5. Your broker can save you time, lots of it.

• House hunting consumes as lot of time and energy. Imagine having to research different mortgage products as well. 
• Finding a mortgage or refinance solution that’s right for you can take hours, days and maybe weeks. 
• Your mortgage broker does almost all the work for you. They will research mortgage financing and lender options, process the application and document requirements and negotiate with the lenders.

That means less interruption to your daily schedule and more time to focus on your home.

For more information on working with a broker, please call 250-862-1806 or email [email protected].

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