Why you should use a Mortgage Broker in Canada

Mortgage and Lending with Arnason Mortgages
When you are shopping for a house more than likely you are about to make one of the largest purchases in your lifetime. Chances are you are using a realtor to help you shop. They are experts working for you to find you a house that suits your needs and they will help you to negotiate for the best price on the house. If you are refinancing you will want to make sure your investment is protected and that you will not be paying more than you have to.
This is what a mortgage broker will do for you:
They will analyze your short term and long term goals and match them to a product that best suits you needs. They will do all the leg work for you, gather the financial information, documentation, coordinate with your realtor and lawyer to make the transaction as smooth as possible.
There are many lenders out there with hundreds of products to offer each with their on rates, terms, features and benefits. A mortgage broker has access to almost all of them. There are some mortgage lenders in the market place with some of the best products that deal almost exclusively with mortgage brokers. When you deal with a bank you are dealing with an employee of the bank that has the banks interests in mind when they are offering you products and rates. If your bank happens to offer the best product to suite your needs then your mortgage broker can negotiate the best rate for you.
Mortgage brokers are paid based on the size of the mortgage not the rate they get you and they work for you not the lenders therefore they will always be looking out for your interests. In almost all cases a mortgage broker is paid by the lender so there is no cost to you to have the benefit of their expertise and knowledge.
If you are thinking about purchasing a home, refinancing you current mortgage, a debt consolidation, or a home equity loan, please contact us for a free no-obligation review of all your mortgage options.  To learn more about our services you can also visit our main site: http://www.larryarnason.com
Posted by

Calgary Mortgage Broker, Larry Arnason - proudly serving Calgary and the surrounding communities, Airdrie, Lethbridge, Red Deer, and northern Alberta.  You can lern more about Larry at www.larryarnason.com

One of Calgary’s leading mortgage brokers since 2003, Larry's success stems from a strong motivation to help individuals and families achieve their dreams and find their perfect home with the best mortgage options and rates. As a Mortgage Broker Larry works for you, not a bank or specific lender – he is able to provide impartial advice on your mortgage and find the best rate with the best terms and options to suit your unique financial needs whether you are buying a new house, renewing your mortgage, or refinancing.

Comments (4)

Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Great points and you are so right. Same goes f the US as well!

Oct 18, 2011 05:23 AM
Larry Arnason
Arnason Mortgages - Calgary, AB

Thanks Joe, there is a great deal of mis-conception in the marketplace about Mortgage Brokers - thanks for all the work you are doing with your blog to help raise awareness about our industry for potential home owners.

Oct 18, 2011 05:36 AM
Knipe Realty
Knipe Realty NW - Portland, OR

The sad part is many people never talk to a mortgage broker until they want to buy a home. I say if you are even thinking you want to buy in the next 5 years you should be talking to a mortgage broker. They will help you reach your goals. 

Oct 18, 2011 06:45 AM
Larry Arnason
Arnason Mortgages - Calgary, AB

Excellent point!  A Broker can help clients identify problems with their credit and potential challenges that could make an application more difficult to get approved.  By addressing these things in advance you have a much higher chance of getting the house you want at a better interest rate.   We are working to raise awareness within the marketplace, it is great to connect with other professionals in the industry with the same goals.

Oct 18, 2011 10:03 AM