Mississauga Mortgage Broker [mortgagegoal.blogspot.com]
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Home buyers, who are looking to buy a house in Mississauga or surrounding area have a number of financial options available to them. In fact, the options are almost overwhelming! Should they go to one bank or another? Should they go to one credit union or another? One option serious home buyers should consider is to go through a Mississauga mortgage broker for their financing needs.
Working with a Mississauga mortgage broker is actually a superior option than going through a bank for a mortgage. The reason is simple: A bank may only have a couple of mortgage products to offer prospective homeowners. They can't offer anything other than what the bank says they can offer and the mortgage officer's ability to negotiate is somewhat limited. The bank thinks they have the advantage because the homeowner is looking to them for a mortgage.
On the other hand, a Mississauga mortgage broker isn't confined to working with a single bank.
Here are a couple of typical examples of the benefits buyers experience from working with a Mississauga mortgage broker. (Names have been changed)
• Cheaper mortgages: The Carters were going to get a mortgage through their bank. Their bank had standard mortgage rates, which were fairly reasonable. But then the Carters talked to a Mississauga mortgage broker who talked to several different banks on the Carters' behalf and found an even cheaper mortgage for them. The Carters will save thousands of dollars over the life of their mortgage.
• More choice: The Mathesons talked to a bank about rates and terms but found their choices limited. There were a couple of mortgage options offered by the bank that were close to what they wanted but nothing exact. They talked to a Mississauga mortgage broker who sought out a mortgage that was exactly suited to what they were looking for.
• No credit / Poor credit: The Desaltos had recently moved to Canada and started a business. Although their business was successful, they had not been able to develop a substantial credit rating and they were turned down outright from two banks. Discouraged, they went to a Mississauga mortgage broker who was able to help by finding them a bank that willingly worked with new immigrants and entrepreneurs with little or no credit.
If they want more options and better options, prospective homeowners should put "visit a Mississauga mortgage broker" high on their list of to-dos when it comes time to look for a house or condo.
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