Mortgage Brokers add value to your mortgage transaction on top of getting you the Best Mortgage Rates in BC. But the reasons for using a Broker are still sometimes confusing to some people..
It doesn’t matter if you are Salaried or Self Employed, Good or Bad Credit because our goal as Brokers is not met until you get the right information about your Mortgage Financing.
Toll free 1-877-744-3436
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7 Days a Week.
What your BC Broker does for You?
BC Mortgage Brokers represent you, the Borrower and we help you develop your application to present to our Lenders. We have the experience required to navigate your application for presentation to these lenders for the best possible success in obtaining your financing. We have the knowledge of a variety of different Lenders plus the latest Product Rates and Mortgage Terms they offer. We help educate you so you can make a better decide between rates like Variable or Fixed, or the length of the Term and the effects it has on Payment and Interest.
Because your (BC) Mortgage Brokers is not an employee of a Lending Institution, we are not limited in the products we can offer you.
HOW DO MORTGAGE BROKERS GET PAID IN CANADA?
Mortgage Brokers are paid two different ways depending on your situation. The first way a Broker gets paid is the most common way, (BY THE BANKS) once a mortgage has been placed. The second way a Broker is paid is by charging you a fee for their services. This is usually in the most challenging cases, where a borrower may not qualify for a traditional Lending due to high debt, bad credit, or other concerns conveyed by the lending institutions. In these cases, Mortgage Brokers have access to alternative sources of funds a mortgage like a Home Equity Loans or Private Mortgage. There are fee’s which must be paid by the borrower, however these fees are completely disclosed before you commit and are added into the mortgage to help with any upfront costs.