Mortgage Shopping Just Got Easier
old school method of shopping for a mortgage told us to ask about the
interest rate because nothing else seemed important. The new school
method of shopping for a mortgage involves knowing why one mortgage is
better for you than another when the rates are comparable. Using a
qualified and experienced mortgage broker is one way to ensure that you
obtain highly competitive interest rates but more importantly when you
commit to funding your mortgage with a specific lender you will know
exactly why you choose the one you did.
Your mortgage broker wears many hats, that of a mortgage supplier, a consultant, an advisor, a mortgage manager and an educator. Bank branches can't possibly scrutinize several mortgage plans and provide neutral education to the borrower, while the mortgage broker's responsibility to you is to shop around, compare and educate. Ultimately, your mortgage broker is committed to preparing the most effective plan regardless of the supplier.