WHY USE A MORTGAGE BROKER INSTEAD OF GOING TO YOUR OWN BANK?

Discounted mortgage rates aren’t guaranteed by Charter banks and lenders. They generally don’t openly offer them without you specifically asking for them. Mortgage brokers negotiate the rate on your behalf and make sure you automatically receive the fully discounted rate, subject to qualifying.

No fees ( on approved credit) Mortgage brokers charge no fee to you the borrower. They are paid a finder’s fee by the lending institution they successfully place your mortgage with.

Mortgage brokers are not connected to one lender exclusively. They have access to a pool of lenders across the country, who offer you the best possible rate and terms.

Mortgage brokers shop the market for you- that way you qualify through one application instead of having to qualify a dozen times by shopping yourself.

If you decide to shop the banks yourself remember that each time you contact a bank they will pull a credit bureau on you and this can negatively affect your credit rating.

You are under no obligation to commit to any mortgage approval a mortgage broker obtains for you.

Mortgage brokers are regulated by the Real Estate Council of Alberta and the Real Estate Act as well as being governed by the Alberta Mortgage Brokers Association Code of Ethics.

Mortgage brokers are licensed and bonded professionals.

Personal, professional, quick, efficient service. You only deal with one mortgage agent who helps you through each stage of your mortgage financing; from initial discussion to determine your exact needs, to sound advice on what mortgage product may be best for you.

Often the major banks have limiting criteria with no ability to be creative or look for other avenues to qualify you for your mortgage. Mortgage brokers can be very creative in getting you approved.

For a great mortgage broker, call Judy Benteau, Jencor Mortgage Corporation, 245-3636