The Value of a Mortgage Broker
Michelle Campbell is a licensed Mortgage Broker and CEO, Founder of Mortgage District Inc and an active member of the Passion & Sparkle community. She has 20+ years of experience and is a well respected Mortgage Professional in her industry. She is sought after by Lenders for her input on product enhancement and innovation. Leveraging the knowledge she has acquired, having worked on the banking side and the broker side over the years, is what sets her apart as a Mortgage Broker. Michelle finds it rewarding assisting Canadian’s to pursue their homeownership dreams. Her professional and ethical compass allow her to connect with her clients in a genuine way, this is evident in the personal and professional relationships she has been able to forge. Michelle takes pride in serving the community and finding her clients the best mortgage solution is her specialty. Learn more about Michelle here
The financial needs of Canadian’s are a hot topic of concern given the COVID-19 pandemic. Whether you are purchasing or renewing now or in the future, a Mortgage Broker can navigate you to the finish line while saving you money, with expert advice and providing products and rates that best fit your financial goals.
There a lot of good reasons to work with a Mortgage Broker when you’re Buying, Renewing or Refinancing a home. To help you understand just how valuable your Broker can be, here’s a list of the Top 5 reasons – I’m sure you’ll think of more!
1. Mortgage Solutions are our Area of Expertise – Your Broker has the answers.
2. Your Broker is YOUR champion – Your broker is on your side.
3. Personalized Service – Afterall, your Broker’s success is dependent on your satisfaction.
4. Your Broker finds Solutions that Fit your Needs – And that can save you money.
5. Your Broker can Save you Time, lots of it – That means less disruption to your daily schedule and more time to focus on your home! Here’s some more food for thought… do you know the difference between a Mortgage Broker and a Bank Mortgage Specialist? There are actually a number of differences which you may not be aware of.
Here’s some information to help you understand:
A Mortgage Broker works for you, the client
Bank specialists work for the bank which means they can usually only offer you their institution’s products A Mortgage Broker has the ability to offer you mortgage products from over 50 Banks, Mortgage Finance Companies, Credit Unions and Private Institutions
The Banks calculate their penalties based on their posted rates which could end up costing you thousands in the end
Mortgage Brokers must be licensed and are subject to a strict set of requirements. They must take continuing education courses and are required to take a re-licensing course every year
Bank Specialists are not licensed and require no formal training
The services of a Mortgage Broker are paid for by the Lender as a referral fee for typical A conventional mortgages after closing
With a Bank Specialist, the mortgage negotiating is typically left up to you
Mortgage Brokers use their knowledge and experience to negotiate the best possible rate and product for you from a number of lenders
Think about this the next time you’re mortgage shopping and make sure you speak to a Mortgage Professional before committing.