When it comes to making a major purchase, having options is a good thing. Having options means you can compare prices and select what is more affordable for you. Who wouldn’t want that?
Instead of going straight to your bank and applying for and obtaining a mortgage, working with an independent mortgage broker is often the more financially beneficial choice. The banks will offer you one interest rate and one set of mortgage terms, while a mortgage broker can offer you multiple rates and terms from multiple lenders. This allows you to find the best rate and terms to suit your needs specifically.
Working with a broker isn’t just good for your wallet! Below are six additional benefits to using a mortgage broker: