A mortgage broker does the leg work for you, instead of applying at the lenders yourself. Not only can this save you time, it can save money as brokers will know which lenders may have the lowest rate for your specific needs.

Your mortgage broker should be an unbiased negotiator with access to multiple lending options. Brokers are more likely to get a lower mortgage rate for you, than if you went directly to the lender yourself. Lower rate = significant savings.

Each time you apply at a lender, a 'hard credit check' is done. If you do too many credit checks within a short period of time, it can lower your credit score. With a broker, typically they only have to pull your credit score once thus protecting your score.

Your mortgage broker is compensated directly by the lender so there's no cost to you as the borrower. In some situations, you may have to pay a fee if working with a private lender, however your broker will tell you in advance of those potential extra costs.

Brokers live and breath mortgages and because they work with a multitude of lenders, it gives them the abiltiy to customize a solution specific to your mortgage needs. Brokers are experts at what they do and are familiar with borrowers unique needs and can match lenders to fit those needs.

As noted, using a mortgage broker makes a lot of sense. Not only can a you save a significant amount of money with lower rates, there is less stress with having someone, who is an expert in the field, do the legwork for you.
No matter what stage you are in on your mortgage journey, be sure to give our team a call to discuss the best options for your mortgage needs.