Why Use Us?
Whether you are ready to buy a new home, debt loan refinance, consolidate debts or lower your Canada mortgage payments it is important to know how a Canada mortgage consultant can assist you.
To understand more about us. You need to learn how we do our job… and ask why use a Canada mortgage consultant anyway?
The simple answer is that a Canada mortgage consultant will represent you and present your Canada mortgage application to the best lender that is willing to give you the best rate and mortgage terms. A Canada mortgage consultant’s first interest is getting you the mortgage that is in your best interests. This is an important distinction when compared to a bank loans manager who serves the best interests of his bank – and not yours.
How does it work with a Canada mortgage consultant?
Well, we use automated computer systems that scan all major lenders for best rates and special discounts, then we match the best terms and mortgage provisions with your own unique needs. It is the personal advice from a Canada mortgage consultant that makes a real difference.
What about Fees?
For all conventional residential mortgages NO fee is charged to you. This is possible because the mortgage consultant earns a referral fee paid by the lender. In specialty mortgages such as commercial, private placements, equity or bridge loans, lender or consultant fees may be charged. But, if such were the case any fee would be disclosed and discussed before any work commenced. As mortgage consultants we have access to every major lending institution in Canada. This competitive network of lenders breed lower rates on mortgages, which means big savings for you.
Did you know that banks have personality traits – conservative or aggressive, thoughtful or impulsive, complex or simple? It is true. Having knowledge of lending traits enables us to bring the right lender to you.
Besides the ‘best rates’ we will have access to special lending programs that will provide further discounts beyond best-posted rates. This is because financial institutions have sale and rate specials that change frequently and advise us first. We pass these savings to you.
It is important to realize that all mortgages are not created equal.
Just because the interest rate may be the same it doesn’t mean it is the same mortgage document. For example, we will explore what you want in a mortgage. Short or long term, payment frequency, early payout, principal reductions and payment increases. One lender can offer different interest rates but only one product – there own.
One application means only one credit check
This raises another very important point in using a mortgage consultant. Without one, when you walk into various institutions to apply for Canada mortgage approval on your own they’ll all check your credit report. Did you realize that if you apply at multiple financial institutions for a mortgage they ALL check your credit and this would have a negative effect on your credit score? A poor credit score will mean the difference of obtaining a good interest rate with the lender. The lender may or not offer their best-posted rate based on your credit score.
Thankfully, when you use a Canada mortgage consultant there is only ONE credit check and this one report is used for shopping at all the rest of the financial institutions.
Most mortgages can be first arranged with a phone call or over a coffee.
As Canada mortgage consultants we are not your typical ‘suit and tie’ that makes you feel uncomfortable while staring at you across an imposing desk. We work for you, not the banks. We will arrange your Canada mortgage application in the most presentable manner possible to lenders. We will argue your cause and fight to get you the very best rate – which is usually better than any of the ‘best-posted’ rates you’ll see anywhere.