Vancouver Mortgage Team
Need a home loan, refinance or home equity line of credit? Many people head straight to the bank, but there are a few good reasons to visit a Vancouver mortgage broker instead. Check out some of the unique benefits a broker can bring to the table.
Competitive Mortgage Rates
Unlike a bank, at Vancouver Mortgage Team, we maintain relationships with more than 70 lenders in and around the Vancouver area. That means we have the power of choice: The choice to help connect you with the best product, rate and lender for your specific needs. This means more choice and the most competitive rates you’ll find anywhere.
Interest rates and products differ between lenders, so it’s important to shop around for the best deal. Because our Vancouver mortgage brokers are connected to so many different banks, credit unions and trust companies, they have the connections to do the job for you. They do all the running around, so you won’t have to!
Mortgage brokers are financing experts. They know the ins and outs of borrowing, insuring and paying back a loan. They are skilled at analyzing a borrower’s needs and credit situation and then working to find the best lender and products for each individual. Because Vancouver mortgage brokers are pros at negotiating, they are able to work with local lenders to secure better rates – and even get home loans for people who have been turned down by a bank. They are also ready and willing to answer any and all of your financing questions.
Mortgage brokers rely on repeat business and word-of-mouth to drive their business, which means they’re committed to providing the best, most personalized service they can. Unlike a bank, which tends to operate at regular hours, a broker will work around your schedule. This makes securing a home loan and completing the paper work easier and more convenient. And that customized service doesn’t end once you’ve secured the financing you need; your mortgage broker will continue to be available for additional service and advice until the loan is repaid.
Just One Credit Check
Getting approved for a home loan means getting a credit check. The problem is, shopping around can lead to multiple credit checks, which can eventually put a dent in your credit score. Using a mortgage broker can help you protect your score by requiring only one credit check, which the broker then uses to secure a mortgage with one of multiple possible lenders in and around Vancouver.
Mortgage Insurance Help
A broker can help you secure mortgage insurance – and ensure that it’s transferable if you ever want to switch to another lender. This is an important feature, as a lot of mortgage insurance is non-transferable, which can mean additional costs and inconvenience for borrowers in the future.
Mortgage brokers provide high-quality customer service, and they do it at no cost to the lender. That’s because except for in rare cases, lenders compensate brokers for securing a loan. Mortgages are expensive enough (especially in Vancouver!). With a broker, you can expect outstanding service without having to worry about any additional costs.
Vancouver mortgage brokers provide all the services available through other lenders along with lower rates, better service and more convenience. Contact the Vancouver Mortgage Team today to find out how we can help you find the financing that’s right for you.