You may have seen the new REALTOR® television campaign, which pushes the point ‘why do we think if we can look it up, we can do it ourselves?’ In watching these commercials (which you can check out here), they really do bring up a good point that stretches across many industries, including mortgages.
Like most things, you could certainly take the time to do some research and mortgage shop on your own, but without the proper resources and expertise, you’re likely not actually saving yourself any money (and certainly not any time). So here’s the case for using a mortgage broker:
The service is free to you: mortgage brokers are only paid when a loan goes through, so their expertise and knowledge to you is a free service.
They can help with less-than-perfect finances: if you have a bruised credit rating or other financial blemishes, mortgage brokers can help you find options that work for you.
Time saving: a mortgage professional does all of the legwork for you, and they are your one contact through the whole process. That means no negotiating, no paperwork, no hassle for you. And who doesn’t love the idea of that?
Bottom line is, even if you’re not sure where you stand in terms of approval for a mortgage, a mortgage broker is there to offer free advice and help you along the path to homeownership. Do you have questions about the process or market? Feel free to contact me anytime.
