Top 5 reasons you need a Mortgage Broker – not a Bank

If you’re in need of a mortgage – whether a pre-approval, a mortgage renewal, or for a new purchase – using the services of a skilled mortgage broker offers several advantages over going it alone with a traditional bank. These include:

1. Streamlines a difficult process

You won’t have to worry about the number of banks to choose from, or keep track of the different promotions each one offers. A mortgage broker specializes in knowing the deals. They have a big picture outlook, know the industry as a whole, and can save you a lot of time and stress.

2. Offers unprecedented access

The mortgage brokers at Be Mortgage Wise have access to over 50 of Canada’s top lending institutions. They also have an ongoing relationship with each bank based on volume, and the trust they’ve built up after more than 25 years in the industry. They can connect you to the best and most trusted lending institution for your needs.

3. Can get you the best rates

Because of the relationships they’ve built with different institutions, at Be Mortgage Wise, we can get you the best rates possible. These fully discounted rates can save you thousands of dollars; they’re something none of us can afford to overlook.

4. Provides wide scope of assistance

If you have debt, a mortgage broker can be invaluable. They can help find you the best debt consolidation and refinancing package, which can lower your interest costs and put you on the path to being debt-free. Be Mortgage Wise even offers a free refinancing package that allows their customers to refinance at no cost.

Maybe you want to do some renovations on your home, or you’re looking to invest in a rental property. Perhaps you’re a first-time home buyer unsure how to navigate the market. These are all situations where a mortgage broker can help.

5. They work for you

A mortgage broker represents you, not the bank. They can help you get the home of your dreams. Take advantage of their knowledge and expertise, and be savvy with your money.