Brampton Mortgage Broker – Rumy Gill

Commercial & Residential Mortgages. “Ready To Fund!”

Brampton Mortgage Broker - Rumy Gill

If you are looking to purchase a home in Brampton, one of the first decisions you will have to make is whether to work with a mortgage broker or whether to try and find a mortgage on your own. Here are the top five facts you need to know about working with a mortgage broker in Brampton.

1. Mortgage brokers save you time and money
Mortgage brokers in Brampton have access to dozens of lenders (some of which you can only access through a mortgage broker). Instead of wasting time comparing rates and terms your mortgage broker can do this for you.

2. Mortgage brokers can get you lower than advertised rates.
Because mortgage brokers do so much business with lenders, they can often get discounts that you would not be able to get on your own. So even if you did all the hard work of finding exactly the right lender for you, chances are a mortgage broker could still get you a better rate.

3. Unbiased advice.
Every bank and lender will probably tell you that they have the best product for you because they are trying to sell your product. But since mortgage brokers work with many companies, they do their best to find the right product for their clients.

4. No cost to you (usually).
In most circumstances, mortgage brokers are paid a commission on what they sell, so there is no cost to the client. In some cases (such as obtaining a mortgage from a private lender), there may be a fee to use a mortgage broker but this will be disclosed ahead of time.

5. Protect your credit score.
Another reason why you should have a mortgage broker shop around for you is so that you can protect your credit score. If multiple lenders all do credit checks, it can actually lower your credit score and hurt your chances of getting a mortgage. When you work with a mortgage broker, they perform only one
credit check and share that information with any lenders they might consider to be a good fit for you.

Would you like to take advantage of all these benefits of working with a mortgage broker in Brampton?

If so, I would love to help you. Whether you are looking to apply for your first mortgage or are interested in other mortgage products such as second mortgages or home equity loans, I can help. Call me today for an appointment.