5 Reasons to work with a mortgage broker

Contrary to popular belief, working with a mortgage broker is one of the easiest things about buying a home.

Still, a survey conducted by the Mortgage Professionals Association of Canada found that almost 40% of first-time homebuyers are unaware of the role of a broker in the mortgage process.

According to that same survey however, when people learned about the many advantages that mortgage brokers deliver, almost 60% of homebuyers choose to work with one.

Save money on your next home mortgage

Why wouldn’t you want to pay the lowest possible mortgage rates? At InTrend Mortgage we know that it all comes down to saving money… here are the top advantages of working with our mortgage agents:

1. Lower rates

The key reason people choose to get a mortgage through an agent is because brokers offer rates from multiple lenders… including the banks. So InTrend Mortgage Agents are less limited than traditional banks, and may even have access to unadvertised rates that can be significantly lower than those you’d find at a traditional bank.

2. Flexibility

Most people are unaware that many quality lenders can only be accessed through a qualified mortgage agent. These lenders often have lower rates, and more flexible mortgage options than big banks. Plus, an experienced mortgage agent can help you avoid harsh prepayment penalties for breaking a mortgage that can appear in the fine print of mortgages from traditional banks.

Working with an experienced agent can help you find a flexible mortgage plan that can save you thousands of dollars in the long run.

3. Customization

Thanks to their ability to access multiple lenders, mortgage agents also have more flexibility to tailor a mortgage to suit your individual needs. This can be especially helpful for entrepreneurs or the self-employed who may find it hard to qualify for a mortgage or who need custom payment terms.

4. No cost

It comes as a surprise to a lot of people when they hear that a mortgage agent’s services are free to them – but it’s true. Your InTrend Mortgage agent’s fees will be paid by the lender – not by you.

Some may say the costs trickle down from lender to borrower, but when you compare a agent’s rates to those of a bank, you’ll quickly see that you still come out way ahead in the long term.

5. Convenient

Life is busy. We get it. Which is why working with a mortgage agent makes sense. Your agent will come to you on your schedule to talk about all available mortgage options, saving you from making multiple calls, or visiting multiple bank branches hunting for low mortgage rates.

Why make more calls than you have to? Let an experienced mortgage broker handle the heavy mortgage lifting for you.

Call us today at 905-415-8488 – and let InTrend Mortgage find you the mortgage plan that’s right for you.