Real estate market can be a challenging environment to navigate, especially if you are a first-time homebuyer. When it comes to mortgages, why is it beneficial to work with a mortgage agent over a bank mortgage specialist?
As a general rules, mortgage agents have access to more lenders than a specific bank professional. This is because bank professional is an employee of only one of the available lenders. But mortgage agents can have access to even 30 or 40 different lenders;
Access to more lenders provides opportunities for different clients. We can all agree that an investor with 2 rented out condos, self-employed person and full-time employee of a big company would need different mortgage options. And mortgage agents have access to those options;
Mortgage agents have access to alternative lenders (so-called “B-lenders”), which means mortgage agents can help clients with lower / bruised credit score, less stable income, entrepreneurs, newcomers etc.;
Bank professionals work for their employer, but mortgage agents work for you. Moreover, mortgage agents don’t get paid unless you get the mortgage. And of course, you will come back to your mortgage agent in the future only if you are happy with the services, so making sure the mortgage options fit your needs is extremely important.
Ultimately, mortgage agents provide you with more options and more tailored approach, which suits your individual situation. Book time with me today to talk about your mortgage questions!