Mortgage lenders and mortgage advisor in Calgary, Alberta

Archives for November 2016

Mortgage lenders and mortgage advisor in Calgary, Alberta

Discover the different types of mortgage lenders

Are you in search of a reliable mortgage lender then look no further. We at My Mortgage Broker along with offering the best mortgage lenders will also guide you on the different types of lenders accessible along with their pros and cons to help you choose the best. When it comes to our service areas we serve the whole of Alberta and Calgary.

A brief on the different types of mortgage lenders

  • Portfolio lenders- a portfolio lender usually promotes his own portfolio loans that are adjustable rate loans. Often they will pay their loan officers more compensation to originate a portfolio product than to originate a fixed loan rate. Qualifying for portfolio loans is easy. When you apply for a loan with such lenders and get declined, you will require beginning the process with a new organization
  • Mortgage bankers- mortgage bankers possess several strengths. They are better in promoting first-time buyer programs provided by local governments and states which have lower costs and interest rates than the present market rate. If for some reason your home loan gets rejected, the mortgage bankers will permit their loan officers in brokering the loan to some other institution.
  • Savings and loans and banks- their biggest strength is you will be capable of recognizing their name. Further, they will operate like a portfolio lender, a mortgage banker or both and possess the same strengths and weaknesses
  • Mortgage brokers- they can actually shop a wholesale lender at the finest rate much simpler compared to what a borrower can. They can also guide you whether your loan must be submitted to mortgage bankers or portfolio lenders. Besides, if a loan is declined, they can repackage the loan as well as submit the same to a new wholesale lender
  • Wholesale lenders- a borrower will not get access to the wholesale divisions of portfolio lenders and mortgage bankers devoid of going via a broker

For more information, please feel free to contact us.

Calgary, Alberta best mortgage broker, mortgage specialist

How you can benefit from hiring the best mortgage broker?

Using a mortgage broker for assisting you in getting a home loan provides plentiful advantages some of which actually you may have not thought of earlier. If you are in search of the best mortgage broker, then give us a call at My Mortgage Broker. Our service areas include the ins and outs of Alberta and Calgary.

The benefits of hiring our mortgage brokers

  • Convenient appointments- our mortgage brokers are willing in making appointments both at the place and the time which is convenient for you which also includes weekends or after work hours. This will prove immensely beneficial if you have family or work commitments to consider or are time-poor
  • Perform the legwork- our brokers will conduct all the legwork to get the right home loan both for your support and needs all through the application and settlement procedure which includes sourcing pre-approval, paperwork and assisting you in applying for incentives or government grants which you are eligible for
  • Easy and quick loan comparisons- our mortgage brokers will take the time in exploring your goals and individual circumstances and has the access to different lenders and loans and thus can identify the ideal choices for your needs instantly
  • Expert advice- a home loan in the true sense is much more than merely interest rates. Our brokers will help in explaining you the different subtleties of various loans that can create a huge difference when it comes to the bottom line

If you are interested in our services, then get in touch with us right way. You can visit us in our office, send us a mail or even call us at our customer care number. For your convenience, we are available at your service round the clock and look forward to help you in the best way possible.

 

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