During the past 15 years, residential mortgage credit has expanded at an average rate of 7.2% per year, which is slightly faster than the 6.9% growth rate for total household and business credit.
With this, more and more Canadians are utilizing the resources of a Mortgage Broker/Specialist when shopping for financing. Forty percent consulted a Broker last year, up from the 28% the year before, and, 35 percent of new mortgage were taken out through Mortgage Brokers.
Why are borrowers increasingly reaching out to Brokers?
If you are new to the world of real estate investing or purchasing, it can seem very intimidating. We all know a thing or two about purchasing real estate from watching tv and reading newspapers and books. However, the best advice we can offer is to surround yourself with an expert network of advisors. With the vast quantity of lenders and products available to home-buyers it can often times become overwhelming and confusing. Why should you have to sort through hundreds of lenders and products to try and determine what type of financing is best suited for you and your needs? Why not leave it to the experts…
At MBN, our Calgary and Southern Alberta Mortgage Specialists are well versed in the world of mortgages and financing. With over 25 years in mortgage and real estate experience we have researched all the lenders and products available to you and are able to determine a financing solution best suited to your immediate and long term needs.
When we sit down with you we will not only discuss your immediate financing requirements for your upcoming purchase or refinance but will also discuss with you your long terms goals. Your long term goals are often neglected when arranging your financing, but are imperative when planning your future and using your home as an investment tool for your retirement.
Contact your Calgary and Southern Alberta MBN Mortgage Specialist at 1.866.955.9662 or by visiting us at www.mbnmortgage.com
