Broker’s vs. Bank Again
Friday, May 6, 2011 at 1:28PM There have been some serious complaints made against a Canadian bank that recently has smeared the reputation of Mortgage Broker Agents. Having 15 years of experience in the industry, my philosophy is to be truthful but not hurtful. This smear campaign hurts. I take great pains to provide education and information to help clients make a decision and ultimately get a mortgage. The following is my fight back to why mortgage brokers are a good source of mortgage service.
1) An individual bank has its own policies. Your profile may not suit that bank but at another bank you may have no problem. I have access to numerous lenders and I then can find the lender that might better suit your needs.
2) All lenders we deal with are sound institution, just like the general banking industry in Canada.
3) You will generally find that my time is not limited to time efficiencies. I will spend the time you require to be satisfied. This is never a guarantee a bank will give you. Ask a bank if you can take an hour or an hour and a half to discuss your needs.
4) A knowledgeable mortgage broker focuses on mortgage not on every service provided by a bank. We are specialists.
5) Never fear, the government regulations on brokers protect you and that should be a comfort to you.
Call and ask questions anytime on any of the above.
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