Using A Mortgage Broker

A mortgage broker is a licensed professional who can help you find the best mortgage for your needs. They work with a variety of lenders and can compare rates and terms from different sources. This can save you time and money, and it can also help you get the best possible deal on your mortgage.

Here are some of the benefits of using a mortgage broker:

  • Access to multiple lenders: A mortgage broker can access a wider range of lenders than you can on your own. This means that they can compare rates and terms from different sources and find the best deal for you.
  • Expertise: Mortgage brokers are experts in the mortgage industry. They know the different types of loans available and they can help you choose the right loan for your needs.
  • Convenience: A mortgage broker can handle all of the paperwork and paperwork for you. This can save you time and stress.

If you are considering buying a home, it is a good idea to talk to a mortgage broker. They can help you find the best mortgage for your needs and they can make the home buying process easier.

Here are some tips for choosing a mortgage broker:

  • Get referrals from friends, family, or colleagues.
  • Interview multiple brokers before making a decision.
  • Ask about the broker’s fees and commissions.
  • Make sure the broker is licensed and insured.

Once you have chosen a mortgage broker, they will need to gather some information from you, such as your income, assets, and debts. They will then use this information to shop around for the best mortgage for you. Once they have found a lender that is willing to offer you a loan, they will help you complete the paperwork and get the loan approved.

Using a mortgage broker can be a great way to save time and money when buying a home. They can help you find the best mortgage for your needs and they can make the home-buying process easier.

 
 
 

Thank you for submitting your request for a free quote. We will be in touch soon! If you have any questions or concerns call 780-802-4845 - Mortgage Route Team

Current Prime Rate is 7.20

Rates subject to change without notice. *O.A.C. E.& O.E.

TermsBank
Rates
Our
Rates
5 Year Adjustable (high ratio / no pre approvals)6.45%6.10%
3 Year (fixed high ratio / Live deal)5.79%5.29%
5 Year (fixed high ratio / 120 day hold / Live deal )5.44%4.99%
5 Year (fixed rate / high ratio – Borrowed down)5.64%4.99%
2 Year (fixed high ratio)6.49%6.29%
4 Year (fixed rate high ratio)5.69%4.99%
5 Year (fixed rate refinance)6.49%5.79%
Auto Financing8.99%7.99%