With professionally trained mortgage brokers on hand, they are there to help you with any financial advice you require. Visit them today! The Mortgage Emporium Corporation 1400 Bayly St Pickering, ON L1W 3R2‎‎ (416) 833-5750.

2. If you are in the market for a new house or piece of
property, it’s common practice to visit a financial
institution or other lender to secure financing for your
purchase.
Of course, anyone who has worked with a big financial
institution knows there are limitations and cons to letting
them handle the situation. Some people prefer to
forego the conventional route and use a mortgage
broker instead.

3. A mortgage broker is a licensed professional that has
been independently trained to provide advice and
guidance to clients seeking a mortgage.
Mortgage brokers don’t typically
work for a bank or other lending
institution, but are loyal to the
client first.

4. The primary duty of a mortgage broker is to match up
borrowers and lenders to find the mortgage that best fits
the borrowers needs.
A mortgage broker is usually affiliated with several
different lenders, so they basically ‘shop around’ your
request until they find the best deal. A mortgage broker
also provides advice to clients, and helps them map put
a plan that will get them the mortgage they want.

5. Access to a variety of lenders is probably the main benefit of
working with a mortgage broker. Since a broker has access
to several, you have a higher chance of getting the best deal.
Also, since a mortgage broker doesn’t work directly for a
bank, they can typically offer a wider variety of products and
aren’t limited in their approach.
Mortgage brokers are on top of all the latest trends and
information to get you the best deals possible.

6. One of the top tips for working with a mortgage broker is
to be open and honest about what you want, and your
situation. Trying to hold back some negative
information about your history or finances will only end
up hurting you in the end.
Not being specific about exactly what you want won’t
help you, either. The only way to get exactly what you
want is to explain exactly what you want.

7. It’s always a good idea to ask a lot of question when
working with any independent contractor. Ask
questions like:
 How long have you been in business?
 How many real estate agents do you work with?
 How many lenders do you work with?
 Do you have reviews or testimonials I can read?
 Do you help with my overall financial situation?

8. Sometimes, certain mortgage brokers have trouble
keeping potential homeowners updated about the
process and the state of the situation. Combat this by
working out an agreement on the frequency and type of
communication you’ll share with the broker.
If you have a formal communication agreement, she’ll
be more likely to stick to it and keep you informed about
what’s going on.

9. If you feel like a mortgage broker
would be a good fit, you can find
one by:
 Asking for referrals from friends and
family, or professionals in the industry.
 Search online for brokers with positive
reviews and testimonials.
 Asking questions about specific referrals
to find out what it is that makes them a
good choice for you.

10. http://mortgageemporium.ca/tools-resources/why-use-a-mortgage-br
The Mortgage Emporium
http://realestate.msn.com/article.aspx?cp-documentid=24363980
MSN Real Estate