You were driving one lazy Saturday afternoon, and you found your dream home. It’s everything you ever wanted. It’s like the For Sale sign in the front yard has your name written all over it. But you don’t have a mortgage. You weren’t looking for a home, so you don’t even have a pre-approval.
Have no fear, mortgage brokers are here!
Don’t risk wasting time and losing that gorgeous home. Keep reading to find out how a mortgage broker can make a difference in your home buying experience!
Mortgage brokers are quick. We understand that your time is limited and valuable. We also know that you don’t want to wait for days or weeks to get an answer.
We can get your Beacon score, personal data, down payment, debt, and your maximum budget, all in under 15 minutes. Now that’s fast!
When you go to a bank or a traditional mortgage lender, you’re asking that one lender for a mortgage. If they say no, you have to move on to another. Or you could try applying with more than one to increase the odds of getting a yes. But each time you apply for a loan, your credit score takes a “hard” hit, meaning it drops by several points per inquiry. The more inquiries you make, the lower your score goes, and that means a higher chance of being declined.
Mortgage brokers, on the other hand, pull your credit, so it’s only one hard hit. We then submit your application to a number of potential lenders, increasing your chances of approval. Not only that, but it also ups the odds that you’ll get a favorable deal.
When you apply with just one lender, what they offer is a take it or leave it proposition. Our process allows for the possibility of multiple approvals, allowing you to choose what option best suits your needs.
As a mortgage broker, we have an un-biased opinion as to what financial institution you should go with as a client. Each institution has different rules, cons, and pros to it. Some people may think a broker gains some sort of incentive from sending you to one lender over another, however, that is not the case. Mortgage brokers are solely working for you, and want to help you find what works best for your financial situation, getting you the best rate, lender, and service they can.
A pre-approval moves your home buying process along quicker. It shows sellers that you’re serious about buying, which makes them more likely to accept your offer.
A pre-approval also means that you can close quicker – as soon as the following week. If a seller has a choice between a pre-approved buyer that can close next week, or one without a pre-approval that might take weeks or even months before closing, guess who they’ll choose?
When you’re ready to buy a home, or you unexpectedly come across that perfect house, don’t limit yourself with a single lender. You’ll save time, have a better chance of approval, and potentially save some money by working with a mortgage broker to find the right mortgage for you.
If you’re ready to get the process started, apply now to see what you pre-qualify for!