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Monday, 17 June 2013

Mortgage Broker services are more essential than ever

Now, more than ever, you must look for a mortgage professional to arrange a mortgage for you, shop for not only the best rate, but a product, fits your need.
What are the reasons? There are many, and if you have heard about the recent tightening of mortgage qualifying guidelines, you will understand the underlining reasons to seek a professional.
Dealing with your bank is becoming the old way to look for a mortgage, for reasons are evident. Your bank might delivers exceptional personal banking service to you, providing for fee services to hold your money and fees to get access to it, they might not be the best choice to get a mortgage product from them? Why? Simply because they only offer one product, their own. One would wonder, a second opinion would be of essence to get a chance to see what others offer. Most of us, purchasing a home is the biggest investment, the most expensive of a lifetime. Would you just trust the bank representative across the table and believe him or her is most concerned with YOUR best interest? They have intensive training how to improve the banks bottom line and believe me they are working on it diligently. Are you sure the best rate and the best product is being offered to you?
Change of the rules might simply put you in a bind, you do not qualify for also numerous reasons, TDS, GDS ratios as the amortizations are shortened, thus making monthly payments higher. Also if you self-employed, the end of self-declared income or no income qualifier product will all be history before you can realize you will not be able to purchase your home and or invest in real estate.
And this gets more complicated than you will be able to follow, unless you study mortgage products and you are updated daily of the changes, meaning you have to be a mortgage broker yourself.

We are your best bet to get a mortgage custom fitted to your circumstances, not only placing your best interest in rates and products, but ensuring the process will be convenient and easy.
FREE CONSULTATION!  Please contact us for a free assessment and advice.
All of the information that you provide will be held in confidence and is only used for the purpose of serving you better. We will use the information provided here to analyze your situation and to plan a custom mortgage solution that works for you.