Mortgage Broker Service Kelowna

Use A Mortgage Broker And Obtain The Best Deal Available

The services of a mortgage broker is now used by around 20% of Canadians. This is due to broker being able to save the borrower money and even time.

The duty of a mortgage broker is to act as the liaison between potential customers and lenders. They "shop" for the best mortgages available on behalf of the consumer, making the method much easier and potentially saving them thousands of dollars. A mortgage broker is responsible for several things, such as sourcing suitable home loan alternatives, providing information and documentation to both the lender and consumer, and submitting applications.

Because brokers work alone, they are fair and can provide you with the most cost-saving deal available. They have access to numerous banks as well as a few broker-specific lenders. Mortgage brokers take care of your best interests and have to be clear and ethical.

There are some advantages of using a mortgage broker. One of these is access to a wider range of products. A broker has connections with some competing financial institutions, who all try and offer the best rates, advertising products and services with the hopes of winning your business. A mortgage broker could help provide you with access to the most innovative and affordable mortgage products available.

The main task of the broker is to find the borrower the best mortgage rate available on the market. Normally, they would have access to a discount rate, which you would be hard pressed to find by yourself. As a general rule, your mortgage broker can place your mortgage with the bank or lender of your choice with a better rate which you could be given without one.

There are fewer complications if a borrower does choose to work along with a mortgage broker. The broker's responsibility is to take care of all the paperwork from other data points and applications that are required when applying for a loan. An experienced broker would easily navigate the fine details and avoid most complications.

The most important commodity for the borrower is time. The broker can save you a lot of time and effort since they have the experience and the connections. They make sure that you would receive the best mortgage package for your individual situation.

The mortgage brokers services are normally "free". The will usually get paid by the lending institution to which you would be given your deal. However, there are a few cases in which your mortgage broker may charge a small free. This usually happens if you have bad credit or if you pick an institution that does not pay the broker a finder's fee. Nonetheless, this would always be disclosed before any financially binding agreement is signed.

Click to Download the pdf

Kelowna Mortgage Brokers



    Scholarship Value: $500
    Number of Awards: 1

    To be considered eligible for the Scholarship you must:

    A) Be between the ages of 17 and 24 on December 30th, 2014

    B) Submit answers to the essay question, which can be found on the application page, prior to the December 30th, 2014 deadline.

    C) Have at least one full year of post secondary studies remaining at the time of the award

    D) Have a GPA of 2.75 or greater.

    E) Be a resident of Canada or the United States

    The scholarship winner will be announced 6 weeks after the deadline and will be posted on this website immediately after. All applications must be received by 11:59pm ET on December 30th, 2014. No late applications will be reviewed.

  • Kelowna Mortgage Brokers
    Most Common Mortgage Terms You Should Know Prior To Purchasing A Home Before entering into a long-term binding contract, every consumer must know what the many mortgage terms mean. Below is a list covering the basic terms that are normally ... More
  • Mortgage Brokers Kelowna
    Mortgage Brokers And The Way They Truly Earn A mortgage broker acts as a liaison between the borrower and the lender. Individuals or businesses go to them and request that they broker mortgage loans on their behalf. Other lending ... More
  • Commercial Mortgage Broker Kelowna
    General Info Regarding Mortgage Brokers At times there is confusion as to the distinction between lenders and mortgage brokers. The mortgage brokers would act for the borrower and work directly with the lender while the lender provides the ... More
  • Kelowna Commercial Mortgage Broker
    How To Purchase A House Utilizing A Mortgage Broker It is a great decision to acquire the services of a mortgage broker, specially if you are a first time buyer. They provide access to a large range of mortgage products to make sure that you ... More
  • Kelowna Commercial Mortgage Brokers
    Canada And The Laws That Regulate Mortgage Brokerage Industry Within The Country In Canada it is the provincial government who establishes the laws which regulate mortgage brokerage. Mortgage brokerage businesses within the majority of ... More
  • Mortgage Broker Kelowna
    Qualified Mortgage Broker - Avoid The Most Difficult Parts Of Real Estate Agreements Amongst the hardest aspects of a real estate deal is looking for the right financing to meet all your requirements. There are so many packages and options ... More
  • Find a Mortgage Broker Kelowna
    Various Reasons Why Utilizing A Canadian Mortgage Broker Is A Good Idea Several home buyers only believe that they could get a mortgage through a bank. There is however, a different option since mortgage brokers can help you discover more ... More

Kelowna Mortgage Brokers

Kelowna Mortgage Brokers
1290 St Paul St #316
Kelowna, British Columbia

Phone: 250.469.9176