When you make the decision to purchase a home and are beginning the mortgage application process, you should consider working with a mortgage broker to help you along the way. Whether you are purchasing a home for the first time or are a seasoned buyer, there are many benefits to working with a mortgage broker.
So, to help you get started, your local mortgage brokers in Edmonton, TMG The Mortgage Group, have listed the top 3 ways a broker can help you.
#1: Mortgage Brokers Offer More Options
If you choose to work with a banker over a mortgage broker, you are limiting yourself on the number of home loan options available. Banks only offer a minimal amount of products and services at their specific institution. A broker, however, is able to shop around with different lenders and find you the best option that fits your financial goals.
#2: Mortgage Brokers Provide Competitive Rates
Banks are typically set on their price and leave little to no room for negotiation. Therefore, if you choose to work with a banker, the interest rates they offer will most likely be set in stone. A mortgage broker, on the other hand, is able to work with a variety of different lenders and will compare their prices to find you lower rates. He or she will work diligently to ensure you get the best product on the market for your financial situation.
#3: Mortgage Brokers Are Extremely Knowledgeable
Mortgage brokers are experts in mortgages. They have experience with countless clients and situations and know which lenders work best for different circumstances.
Jason Scott of TMG The Mortgage Group is an excellent mortgage broker in Edmonton and will always put you first. He and his knowledgeable staff will educate you throughout the mortgage process so you can confidently choose the best option for you.
For more information on how a mortgage broker can help you or begin your mortgage application, please contact Jason Scott of TMG The Mortgage Group at 780-720-2490.