Welcome to the series where we ask 5 lending professionals for their take on the current market challenges and opportunities
April 27, 2023 8:00am EDT
Adil Rahman Mortgage Team, Mortgage Brokers Ottawa, Mortgage Forces, Pegasus Mortgage Lending, The Mortgage Advisors
Why should I choose to work with a mortgage agent/broker instead of going directly to my bank?
Adil Rahman – Adil Rahman Mortgage Team
Adil Rahman Mortgage Team
“I’m a Bilingual Accredited Mortgage Professional committed to helping my clients access mortgage solutions; regardless of whether you are looking to buy your first or fifth home or refinance your current home.”
“Choosing to work with a mortgage agent/broker can provide significant advantages over going directly to a bank for a mortgage. A mortgage broker has access to multiple lenders and can find the best rates and mortgage products available for a borrower’s specific financial situation. They provide expert guidance throughout the mortgage application process and can save the borrower time and money by doing the legwork to find the best mortgage rates and terms. A mortgage broker’s services are often paid by the lender, which means that borrowers do not have to pay out of pocket for their services. Additionally, brokers offer more convenience and flexibility in their scheduling and communication methods, including virtual consultations and document signing. Overall, working with a mortgage broker provides a hassle-free and cost-effective way for borrowers to find the best mortgage options available to them.”
Danny Saikaley – Mortgage Forces
“Danny Saikaley, President, entered the financial service industry in 2005. He has worked and consulted for major banks in Canada. Mr. Saikaley is an active supporter of Canadian military families through philanthropy, direct cooperation, and financial guidance.”
“Bankers are usually unmotivated and considered to be the perfect competitor in most cases due to their low quotas and lack of ambition. There are several reasons why someone might choose to work with a mortgage agent or broker instead of going directly to their current bank:
Access to a wider range of products: Mortgage agents and brokers have access to a broader range of mortgage products from a variety of lenders, including banks and non-bank lenders. This allows them to find the best mortgage solution to meet your specific needs and goals.
Expert advice and guidance: Mortgage agents and brokers have extensive knowledge and experience in the mortgage industry, and they can provide valuable advice and guidance to help you navigate the complex and ever-changing mortgage market.
Time-saving: Working with a mortgage agent or broker can save you time and effort, as they handle the process of shopping around for the best mortgage rate and product on your behalf.
Better rates and terms: By shopping around for the best mortgage options, mortgage agents and brokers can often secure better rates and terms than you would be able to negotiate on your own.It’s worth noting that mortgage agents and brokers are paid by the lender, not by the borrower, so there is typically no additional cost for their services.
It’s important to choose a mortgage agent or broker who is licensed, experienced, and has a good reputation. You can ask for recommendations from friends and family, or check online reviews to help you make your decision.”
Rebecca Nickerson – The Mortgage Advisors
The Mortgage Advisors
“With a passion for real estate and expertise in finance, I am committed to working with you to find a mortgage tailored to your needs and lifestyle. I have access to a variety of lenders, assuring that we find the right fit.”
“A mortgage broker will work with you and for you and will help you navigate the process of buying a home which can be complex and confusing. Whether you are a first-time home buyer or have owned multiple properties, no two transactions are going to be the same so it helps to rely on a professional that deals with these transactions daily. Allow them to help minimize the stress during the process and guide you.
A mortgage broker will have access to a wide range of loan products and lenders, they will also help compare the different products which can be very time-consuming. Brokers may also be able to find you a better interest rate or loan terms than what you would be able to find on your own or through your own banking institution.”
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Pranav Sharma – Pegasus Mortgage Lending
Pegasus Mortgage Lending
“I am a mortgage agent with a passion for helping people achieve their dream of homeownership. I have a deep understanding of the various home loan options available and will work closely with you to find the perfect mortgage solution to fit your needs and financial situation.”
“There are several reasons why someone might choose to work with a mortgage agent/broker instead of going directly to their current bank:
Wider range of options: Mortgage agents and brokers have access to a wide range of mortgage products from multiple lenders, allowing them to find the best deal for the borrower’s unique situation.
Expertise: Mortgage agents and brokers have specialized knowledge and experience in the mortgage industry, providing valuable guidance and advice to clients.
Time-saving: Working with a mortgage agent or broker can save the borrower time and effort, as they handle the process of shopping around for the best mortgage deal on the borrower’s behalf.
Independent advice: Mortgage agents and brokers are not tied to any specific lender, so they can provide unbiased advice and recommendations based solely on the borrower’s needs and financial situation.
Simplified process: Mortgage agents and brokers can simplify the mortgage application process, as they are familiar with the requirements of different lenders and can help the borrower to prepare a complete and accurate application.
Overall, working with a mortgage agent or broker can provide the borrower with a wider range of options, expert advice, a more efficient process, and independent recommendations.”
Thiet Le – Mortgage Brokers Ottawa
Mortgage Brokers Ottawa
“I always strive to do an outstanding job. I have expert knowledge and a passion for the mortgage industry that drives me to deliver the best results possible, the best service with care, integrity to as many people who are in need of mortgage solutions.”
“If you’re considering buying a home or refinancing your mortgage, working with a mortgage agent can be a smart move. Here are a few reasons why:
A wider range of options: A mortgage agent can help you access a wider range of loan options from different lenders, so you can find the one that’s right for you.
Expert advice: A mortgage agent knows the ins and outs of the mortgage industry and can help guide you through the process. They can help you understand all your options and make informed decisions.
Save time and hassle: Applying for a mortgage can be time-consuming and confusing. A mortgage agent can handle all the paperwork and legwork for you, so you can focus on what really matters: finding your dream home.
Better rates: Mortgage agents have relationships with a variety of lenders and can often negotiate better rates and terms for their clients.
One-stop shop: A mortgage agent can help you with everything from pre-qualification to closing, so you don’t have to go through multiple sources for information and support.
In short, working with a mortgage agent can make the home-buying or refinancing process much smoother and less stressful. So, if you’re in the market for a mortgage, it’s definitely worth considering!”