Brampton Mortgage Broker – Rumy Gill

Commercial & Residential Mortgages. “Ready To Fund!”

Brampton Mortgage Broker - Rumy Gill

It’s time to buy a home and you are completely lost when it comes to choosing the appropriate financing options for your upcoming mortgage. When it comes to finding the right mortgage, simply going to your bank is an easy option – but it may not be the best. 

Utilizing a mortgage broker in Brampton may be more feasible for your new homes mortgage. 

How Does a Mortgage Bank Work?

Mortgage financing banks have loan officers, underwriters and a whole slew of other team members working for them. They usually offer a set of loan types to specific customers based on qualifying factors and they complete your entire loan through their bank. This sounds great, right? For most, it is! 

There are many Pros to using a mortgaging financial institution like quick approval, quick processing and closing (usually within 30 days), and a more personable experience. If you are in the market for that sort of thing, a bank loan may be the best option for you. 

Although, there are some downsides to securing a bank loan. With economical shifts and downtrends, it is becoming more and more difficult for the average “Joe” to secure a good-rate mortgage loan. Credit scores, work history, bank statements, spending reports, criminal history, and so much more can actually keep a more-than-deserving citizen from securing a home loan. 

How Does a Mortgage Broker work?

Mortgage brokers have a lot more freedom and flexibility than your typical bank loan officer. They don’t work for any specific bank. This means they can assist you with the shop-around process to find the best possible loan for your situation. 

There are a vast number of pros to using a mortgage broker like taking advantage of the flexibility they offer with a multitude of different loan packages. Many banks offer just a set few to specific customers. Because a mortgage broker doesn’t work for any specific bank, they get to shop around wholesale mortgage financiers for the best possible deal. You simply can’t go wrong with more options. 

Mortgage brokers in Brampton also do the negotiating for you. Whereas you may not know what to negotiate or when to negotiate, they know their market like the back of their hand and you can rest assured they are getting you the most bang for your buck. 

If you want to get the best deal you can on a mortgage, then working with a mortgage broker in Brampton is almost always your best bet. Contact me today to set up an appointment.