As you may know, there are generally two ways to get a mortgage in Canada: through a broker or directly through a bank. When it’s time to decide which way you want to go, there are likely going to be many questions that you have. Whether it’s a mortgage broker Fredericton, Moncton, Miramichi or Saint John, our brokers see this a lot with many potential clients!
People come to us with questions such as, “Can you really get me the lowest rate?” and “How much will it cost me?” among many others. There is no doubt that the mortgage process can be complex, especially for somebody who has little to no experience with mortgages.
To help answer some of your questions and help you make a decision, we have listed 3 Advantages of Using a Mortgage Broker:
- Develop a trusting relationship
When you choose to work with a mortgage broker at Centum, you are instantly beginning to create a lasting, trusting relationship with a professional who cares. Our brokers always operate with the client in mind and work to satisfy you at all costs. From reaching out to you to update you on your mortgage to following up once your loan has closed, you are more than just a client with us.
- A lot less work for you
As a mortgage broker, we will save you a considerable amount of your own personal time during the mortgage process. Rather than going out to many different lenders while shopping for a mortgage on your own, our team will handle all of the work that comes with obtaining a mortgage.
Once we sit down together and draw out a plan of your goals and wishes, we take your mortgage to the 30+ lenders with whom we have established a relationship over the years to seek out the best mortgage based on your unique situation. This is a fantastic benefit to you as Centum finds the best products available and present them to you all at once. This way, you are able to spend your important time with family, friends or whatever it is you love to do!
Additionally, we will take care of all the necessary paperwork and negotiations that come with getting a mortgage. Using skills our professionals have obtained over the years, we have developed traits that allow us to get the job done for you so you have less stress throughout the process.
- A not-so-great credit score isn’t a problem
A lot of people think that in order to get a mortgage loan they need to have a tremendous credit score. It’s true that it makes it easier to get approved, however, it certainly isn’t required!
Whether it’s a mortgage broker Fredericton, Saint John, Dartmouth or anywhere else in the area, we help you get a loan even if your credit score isn’t great. We can negotiate lower rates and greater terms on your behalf as opposed to someone without any experience visiting a lender on their own.
There are plenty of benefits to working with a broker. If you’re buying a home for the first time or thinking of renewing your mortgage, a mortgage broker may be a great fit for you.