THE VALUA OF WORKING WITH A MORTGAGE EXPERT
You would never consider leaving a major decision about your health in the hands of a doctor who only practiced medicine as a part-time job. So why would you leave the decision of purchasing or refinancing a home - likely the largest financial decision of your life - in the hands of anyone but a professional mortgage broker?
When selecting a mortgage advisor, you want to make sure that you ask them some basic questions before deciding to work with them. Remember, there are lots of eagar and willing mortgage providers who are able to offer outstanding service and advise.
Be sure to treat this as an interview where you ask these basic questions to ensure you are dealing with someone who has your best interests in mind.
1) How long have you been a mortgage broker for and how many mortgages do you place a year?
2) Where do you generate your business from? (if a mortgage provider tells you that their business is based on client referrals and repeat business that shows they are clearly doing a good job!)
3) What institutions do you work with? ( ideally a mortgage provider will work with several lenders so that they can provide you with the best options that suit your individual needs)
4) What sorts of economic factors help determine interest rates? (if a mortgage broker can not answer this question for you, they should not be qualified to be guiding you though the process.)
5) What is happening in the market currently and what do you see happening in the future?
6) Do you know of any programs that allow me to reduce my personal income taxes though the mortgage?
7) Can you provide an accurate idea of all costs that will be associated with the mortgage? (While our service is completely free, a mortgage provider should be able to provide you with a very good estimate of the closing cost, such as lawyers, CMHC, land transfer fees, ect.)
8) After closing, what further advice will you be providing me? (Personally, we manage our clients' mortgages and keep them in the loop as we identify opportunities in the market as well as keep them informed on a weekly basis though our morket update.)
As a prospective mortgage client, do your homework and make sure that you are working with a reputable mortgage provider who will provide you with unbiased information and will structure a mortgage that will achieve your short and long-term equity and payment objectives.
Andrew Roper AAMP
416.613.5000 ext. 201
Andrew@TheMortgageArranger.ca
You would never consider leaving a major decision about your health in the hands of a doctor who only practiced medicine as a part-time job. So why would you leave the decision of purchasing or refinancing a home - likely the largest financial decision of your life - in the hands of anyone but a professional mortgage broker?
When selecting a mortgage advisor, you want to make sure that you ask them some basic questions before deciding to work with them. Remember, there are lots of eagar and willing mortgage providers who are able to offer outstanding service and advise.
Be sure to treat this as an interview where you ask these basic questions to ensure you are dealing with someone who has your best interests in mind.
1) How long have you been a mortgage broker for and how many mortgages do you place a year?
2) Where do you generate your business from? (if a mortgage provider tells you that their business is based on client referrals and repeat business that shows they are clearly doing a good job!)
3) What institutions do you work with? ( ideally a mortgage provider will work with several lenders so that they can provide you with the best options that suit your individual needs)
4) What sorts of economic factors help determine interest rates? (if a mortgage broker can not answer this question for you, they should not be qualified to be guiding you though the process.)
5) What is happening in the market currently and what do you see happening in the future?
6) Do you know of any programs that allow me to reduce my personal income taxes though the mortgage?
7) Can you provide an accurate idea of all costs that will be associated with the mortgage? (While our service is completely free, a mortgage provider should be able to provide you with a very good estimate of the closing cost, such as lawyers, CMHC, land transfer fees, ect.)
8) After closing, what further advice will you be providing me? (Personally, we manage our clients' mortgages and keep them in the loop as we identify opportunities in the market as well as keep them informed on a weekly basis though our morket update.)
As a prospective mortgage client, do your homework and make sure that you are working with a reputable mortgage provider who will provide you with unbiased information and will structure a mortgage that will achieve your short and long-term equity and payment objectives.
Andrew Roper AAMP
416.613.5000 ext. 201
Andrew@TheMortgageArranger.ca
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