A mortgage consultant (or mortgage broker) is an independent agent, an intermediary between you the consumer and the mortgage lender. The mortgage consultant will shop the available lenders to find the mortgage product that offers the best combination of features, options and rates to suit your individual circumstances. The best part - depending on your credit picture - there is no charge to the consumer for the service! The mortgage consultant’s fee is normally paid by the lender.

10 Great reasons why you should talk to a Mortgage Broker

1. Choice. A broker has access to mortgages from a huge range of lenders - so their clients have by far the best choice of rates and mortgage options. With partnerships in a vast network of over 50 lending institutions, including banks, credit unions, trusts, national and regional lenders, and non-traditional lenders, your broker can help design the perfect mortgage for you.

2. Independence and objectivity. A mortgage broker actually works for you, not for any one lender. That kind of objectivity means that you - the client - are the focus. They fit the mortgage to the client, not the other way around.

3. Negotiating power. Mortgage brokers have negotiating power because the lenders compete for their business. You’ll get the best rate for your situation.

4. Access to rate promotions. You may not realize it, but there are sales and promotions in the mortgage world, too. Lenders often offer special rate promotions, for example. Your broker will know about these special offers, and whether they might work in your situation.

5. Expertise. An IMBA-member mortgage broker is a mortgage specialist. That’s the kind of expertise you want to guide you through today’s plentiful mortgage market. With interest-only mortgages, 35- to 40-year amortiza tions, 100% financing, no income documen - tation products for the self employed, credit repair and debt consolidation, today there are mortgages for almost any situation. And your independent mortgage broker knows them all.

6. A focused specialist. A mortgage is a very significant financial event. Mortgage brokers are in only one business, and they do it exceedingly well. That’s what you want: someone who’s focused on the mortgage marketplace and your needs.

7. Rates. Getting a lower rate can potentially save you thousands of dollars. That’s why more homeowners are more likely to call a mortgage broker to check out their options for their first mortgage and at renewal. Call early; your mortgage broker can usually guarantee an interest rate for 90-120 days.

8. One credit inquiry. Rate-shopping on your own can actually be hazardous to your credit. Every time a lender checks your credit, the credit bureaus take notice. Too many inquiries and your credit rating can weaken, possibly affecting the rate and terms of your mortgage. Your broker does one inquiry only, regardless how many lenders you’re looking at.

9. No cost to you (o.a.c). Usually, the winning lender pays compensation to your broker for the services and solution provided.

10. Personal attention. You need a mortgage plan that is a custom fit for you and a broker who keeps in touch with you during your mortgage years. Keep in mind that our business is built primarily through referrals from satisfied customers, so your positive mortgage experience is essential for our ongoing business growth.

Call me now! Vincent Nguyen - Mortgage Consultant, 416 988 5570