Top 10 Reasons to Use a Mortgage Broker

Top 10 Reasons to Use a Mortgage Broker

Jan 18, 2021 | First Time Home Buyer, Mortgage Advice

Get a great deal on your Edmonton mortgage to help achieve your goals and provide certainty in a challenging time.

For many Canadians, 2020 was a turbulent year. Financial strains and general uncertainty can, for many, be a limiting factor in moving your homeownership goals forward. Now more than ever, it is important to get a great deal on your mortgage to help achieve your goals and provide certainty in a challenging time.

As our country moves beyond the initial economic downturn of the COVID-19 pandemic, interest rates continue to be at an all-time low. Whether you are looking to buy your first home, buy a second property or refinance an existing mortgage, now is an excellent time to take advantage of low rates and excellent terms. Lenders are ready to do business, and our mortgage brokers can help guide you through the process.

A mortgage is a significant and

long-term commitment. In 2019, the CMHC reported approximately 50% of homeowners used a mortgage broker to arrange their mortgage. This is a significant increase from less than 40% of homeowners choosing a mortgage broker in 2017.

In this article, we are sharing our top 10 reasons why a mortgage broker is your best option to make sure you are getting the best rates and terms available.

1. Choice

Hands down, the best reason to work with a mortgage broker is the element of choice. The Mortgage Minds Mortgage brokers have access to a range of lenders including:

  • major banks
  • and financial institutions,
  • credit unions,
  • national and regional lenders,
  • and private lenders.

Our Edmonton mortgage brokers work your unique needs to find the best mortgage option to fit your life. We understand the nuances of working with different lenders and have a diverse range of experience to help you make an informed choice on your lending options.

2. Great Rates

A wide range of lender options means highly competitive mortgage rates and terms. Our Edmonton Mortgage brokers are experts at getting you the best deal possible. Our longstanding experience in the field works in our client’s favour to help you secure the best deal.

3. An Expert That Works For You

At The Mortgage Minds, we work for you. Our dedicated staff are experienced and knowledgeable in the Canadian mortgage marketplace and we love to leverage this experience to focus solely on you and your goals. We pride ourselves on the relationships we foster with our clients with many clients returning for additional services or referring their friends and family.

4. Objectivity

As a mortgage broker, we work for our clients, not the lenders. No pushy commission-based sales, our Edmonton Mortgage brokers are here to support you through the whole mortgage process with transparent and objective advice. We pride ourselves on our high quality and ethical service that puts you, the client, first.

5. Tailored Solutions

No two clients’ goals and financial needs are the same, and neither should their mortgage purchasing experience. Leveraging our extensive experience in the mortgage industry, our brokers can provide funding for a wide range of clients including those previously declined by major banks, self-employed individuals, past credit problems, minimal down payment etc. Whatever your unique circumstance, we have a mortgage option for you.

6. Timely & Effective

While banks offer limited office hours, at The Mortgage Minds, we are committed to supporting our clients when they need us, in a way that fits your busy life. We proudly offer in-person, over the phone and virtual consultations and appointments to accommodate your busy lifestyle.

We are dedicated to the safety and health of both our clients and staff and have taken all recommended precautions during the COVID-19 pandemic. These precautions include physical distancing, enhanced cleaning measures for in-person appointments and a wide range of virtual meeting options with your broker.

7. Service With Care

We are honoured to work with our clients. Our primary goal is to provide excellent service, guidance and support while helping you navigate the mortgage marketplace. Your broker will be with you every step of the way to outline your best options, provide guidance and eventually, seal the deal on your new mortgage.

8. Ongoing Support

A mortgage is a long-term financial commitment and that is why at The Mortgage Minds, our support does not stop after your mortgage closes. Our brokers will continue to check-in through the lifecycle of your mortgage to help provide support, guidance, and new opportunities to save you money.

9. Accredited Service You Can Trust

We are confident that our service-first promise will help ease the stress of the mortgage buying process. Our clients’ referrals are the highest honour and we are proud of our relationship with both clients and lenders alike. With nearly 100 years of combined experience in the banking world, we are proud to be an accredited Canadian Mortgage Brokerage.

That brings us to our final reason why working with a broker from The Mortgage Minds is your best option for finding a great deal on a mortgage…

10. No Cost to You

You are looking for honest and knowledgeable mortgage advice and at The Mortgage Minds, we understand that. Our services are at no cost to you. Our Edmonton brokers are paid through commissions paid for by the winning lender, ensuring you get the right mortgage option for your unique needs.

At The Mortgage Minds, we are down to earth, caring and extremely passionate. Our mission is to provide our customers with excellent service and guidance throughout their home buying journey. We are proud of the services and expertise we bring to the table and take great pride in our pledge to help our clients make mortgage buying decisions that are best for them.

 

With you every step.

At The Mortgage Minds, we are down to earth, caring and extremely passionate. We take great satisfaction in the services we bring to the market, and even greater pride in our pledge to help our clients make the decisions that are best for them.

Ready to make The Mortgage Minds expert solutions work for you?

Our team of expert consultants are ready to help you obtain a new or move or refinance your existing mortgage.

Give our team a call today to chat about new changes in the mortgage industry, great rates and terms options, and solutions custom-designed to fit your homeownership goals.

To contact a broker from The Mortgage Minds, click the button!

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