Expert Mortgage Brokers | Burlington mortgage broker
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Burlington mortgage broker

Services Offered by a Mortgage Broker

A mortgage broker is a licensed and trained professional who brings together potential clients, or borrowers, with lenders who provide secured mortgages. These lenders are usually banks, private lenders or other financial institutions. A mortgage broker has access to the current mortgage rates available in the market place and can help arrange a mortgage for you based upon your specific circumstances and financial situation. In Burlington, the number of people seeking mortgages is increasing every year because of the population is increasing and the number of real estate developments are increasing. A Burlington mortgage broker should, therefore, be in a position to meet the needs of their client in a responsible and professional manner.

Why Use a Mortgage Broker vs Bank

A mortgage broker has access to numerous lenders including banks, private lenders and other financial institutions. This means that a mortgage broker has the ability to provide you with a wide selection of mortgage products to meet your needs and help you make an informed decision based upon your personal needs. A bank, on the other hand, typically, can only offer you their products and services. Working with a mortgage broker puts a client at a significant advantage since a mortgage broker can compare what a bank is offering with other lenders’ rates.

Benefits of Enlisting the Services of a Mortgage Broker

A experienced mortgage broker can be a great asset to have on your team. Outlined below are some of the advantages of working with an experienced, professional mortgage broker.

  • It Saves Time and Effort
    Mortgage brokers have access to many lenders. A mortgage broker is like a one-stop shop for all the lenders. You are bound to come across lenders you have never even heard of. This basically means that there is a good chance that you may end up learning about and perhaps taking a mortgage with a lender with better rates. Enlisting the services of a Burlington mortgage broker will save you the time and effort of having to research many different lenders.
  •  Negotiating Better Deals and Saving Money                         What most borrowers do not know is that successfully obtaining a mortgage can involve inclurring a lot of underlying fees such as; lender fees, legal fees, and appraisal fees just to name a few. Because of a mortgage broker’s experience and relationships with the lenders, they can get a lender to waive or reduce some of these fees, thereby, saving you a lot of money.

A mortgage broker is also in a better position to negotiate better deals with the lenders, especially if they do a large volume of mortgages with a lender. Some brokers may pass on these discounts to the   clients or borrowers.

  • More Flexibility in Working Hours
    Most lenders are banks and they have fixed hours of work. A mortgage broker on the other hand is independent and not bound by these fixed hours. A client or borrower can often benefit from the extended hours worked by a mortgage broker.
    At Expert Mortgage we are available to you from 8am to 10pm Monday to Saturday, and Sunday afternoons. If you miss us outside of normal business hours, just leave a message and we will get right back to you.