Need money? Why use a mortgage broker?

• Want to purchase your first home.
• not sure if you can qualify? How much?
• Purchase plus improvement
• You are coming up for a renewal, and want to see if there is another option other than what your current lender is offering?
• Refinance high interest debt
• Renovate

Where should I start?

Traveling, did you see a billboard on the seventh line that advertises a Mortgage Broker?

Should I use a mortgage broker?

Why would I use a Mortgage Broker?

In most cases, the Canadian Dream is to own your own home, a piece of land and someplace you can call your own. A place to raise your family in an emotionally and financially stable way.

Your home is or will be in most cases the most significant purchase you will ever make. Most people will need to work hard and save for the first doorknob now a days, let alone their first home.

The Average person will not be able to pay cash, to own their own home, but that does not mean that it is not a worthy goal. Once you have that down payment, in most cases you will need a mortgage, or somewhere to start.

So where do you start?

At your bank, the Mortgage Specialist is an employe who is in most cases not licensed but sells their bank’s products.

Why use a Mortgage Broker?

A Mortgage Broker is an independent contractor in a highly regulated industry with specific knowledge and a licensed who works to lend in Mortgages. Your Broker works under a Licensed Brokerage, and they work to solve your home ownership problem, or expansion ideas. If any issue comes up that the client feels needs a resolution, they can speak to the Mortgage Broker to discuss. If there is still no resolution, they can speak with the licensed brokerage principal broker and the licensing agent FRSA for dispute resolution. The Mortgage Broker receives payment after the mortgage closes through the brokerage within the lending process. No money exchanges happen between you or your Mortgage Broker, everything goes through the Brokerage and the Lawyers for the deal. When you meet with your Mortgage Broker you will discuss your goals, property, assets, liabilities and review your credit in a professional manner. With the specific details gathered as part of the file the Mortgage Broker reviews the various lenders and their available underwriting guidelines to find the best solutions to your home ownership problem or expansion ideas.

Do you own multiple homes? Rental business? Commercial business?

Are you a 40-hour fulltime employee with a traditional income?

Business for self BFS? On disability income or pension? Retire?

With these details’ questions answered, you and your mortgage broker will learn what you want to do in both your current and future goals.

Sometimes the discussions may not be now but working towards improving your financial picture to home ownership. There is a solution that may not be easy, but your Mortgage Broker can help you to find the best solution. Your best solution.

How can you, my client, purchase your home and be in the best situation to financially grow your assets under management so that you can financially support your family, church, charity, and community through your interdependent life?

Start the conversation and find out today why to use a Mortgage Broker

Melinda Baker Mortgage Broker M21000893 Verico The Mortgage Station 11707

Phone: 705-220-1608 melinda@themortgagestation.ca mortgageweb.ca/melindabaker