Purchasing a home is probably your very best investment in life. Whether you are a first-time mortgagor or not, choosing the right mortgage broker is a smart idea. It’s like having a ninja by your side to help you ward off scammers and posers whose purpose is to steal your money and leave you in financial trouble.
If you are considering getting a mortgage broker to help you in processing your mortgage application then read on.
Who is a Mortgage Broker?
A mortgage broker is a go-between between potential borrowers and possible lenders. They search for the best interest rate based on your credit rating and lessen your stress in presenting your credit score to the lender.
A proficient broker has many avenues available in determining lending institutions that suit your case as a first-time homebuyer. Like a ninja that brandishes a bushido blade with finesse and masterly execution, your mortgage professional wields his best traits to aid you in fending off your bad credit standing and help you win your mortgage contract.
The following are the ninja-like qualities to look for in your chosen mortgage advisor:
a) They prioritize your best interests
Your mortgage ninja is always committed to your best interests. You are the master and your real estate ninja is your fierce soldier who will do battle for your cause to gain favorable credit standing and win you your best mortgage deal.
b) They are masters in the art of good communication
Good communication is an essential part of every kind of relationship. This characteristic irons out differences between you and your future lender. Your ninja master is expected to spin an agreement that cuts through the real estate technicalities and proceeds effortlessly in simplifying the details of your mortgage contract to the lender-in-waiting.
Your mortgage expert sees to it that every aspect of your mortgage application status, credit score, and financial standing is accurate and up to par with the lender’s requirements.
You are placed in an enviable position where getting a mortgage for the first time is done easily and properly through your ninja broker.
c) They are trustworthy and reliable
Your mortgage ninja is a stalwart in trustworthiness and reliability. Remember: you trust this person in getting something done accurately, properly, and quickly to save time and money.
If this is your first time working with a mortgage agent then ask someone that has gone through the entire mortgage process with a broker on hand. Make an inquiry regarding their agent’s credibility in handling their mortgage concerns.
On the other hand, if you do not know anyone who hired the services of a broker before then do a search for customer reviews on any reputable mortgage agency websites or customer comments on their social media accounts.
(NOTE: Fraudsters are teeming on the web. Be aware of fake mortgage brokers online and make sure that you are visiting a secure legitimate website. You will know that the page you are viewing is secure when you see a small padlock icon located on the left-most part of your browser’s address bar that precedes the website’s address.)
d) They help in saving you money
Your mortgage ninja broker is on a commission-based earning. They will make sure that you get only the best mortgage deal because their financial reward depends on it. They save you money because they value their time as much as you value your time.
e) They are organized and efficient
Your mortgage ninja is a super being in terms of coalescing with lenders, documenting mortgage contracts, and filing paperwork for the immediate disposition of your mortgage deal. He/she is responsible for every aspect of your mortgaging needs and sees to it that all are attended to at once.
Your ninja follows a strict timeline and will act quickly to avoid complications like delayed filing of your mortgage application or losing the deal on your target dream house.
Final Thoughts
Choosing the right broker plays a big role in your home buying adventure whether you are a first-time homebuyer or not. Applying for a mortgage is quite stressful and you need someone – a real estate master ninja — to help you along the process. Review our list of best mortgage broker traits to avoid disappointments on your road to purchasing your dream home.
We are your trusted mortgage solutions experts based in Oshawa, Canada founded by Faizal Garasia in 2019. We have access to more than 90 lenders including the largest banks, credit unions, trust firms, and financial institutions across Canada.
We help in resolving your issues regarding your mortgages, finances, taxes, and other loan-related commitments and transactions that impact your financial credibility.
Feel free to call (416) 825 0142 or email at faizal.garasia@dominionlending.ca.
