Canadians wanting to get a new mortgage or renew / re-finance an existing mortgage can approach:
- a financial institution and select from their particular menu of mortgage options and rates
- a mortgage representative who must sell a specific line of mortgage products
-or-
- an independent mortgage broker, who can offer a full range of mortgage types and interest rate options, and who works only on his or her client’s behalf.
By approaching one or two financial institutions and choosing from their in-house mortgage products, many consumers miss out on an array of mortgage options that could suit their needs better and save them a lot of money over the long term. There are many mortgage options available to Canadians today from a variety of lenders: chartered banks, credit unions, and trust companies, as well as other sources of funds such as life insurance companies and pension funds.
Comparing different mortgage types and interest rates on your own is a time consuming and rather intimidating task. And if you deal with a financial institution directly and your application is declined, you must start over from scratch with another institution.
An independent mortgage professional has access to the full range of mortgage lenders and can guide you to a mortgage that suits your individual needs, at a very competitive rate. Best of all, this objective expertise is available to you for free in most cases, because the selected lending institution pays Mortgage Intelligence to handle the paperwork for mortgage business.
Contact your Calgary and Surrounding Area Independent MBN Mortgage Professional today at 1.866.955.9662 and book an appointment today.
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Mortgage Intelligence
