As a Vancouver Mortgage Broker with over 14 years of experience in financial services and expertise in mortgage lending, plus access to more than 40 lenders – I can help you find the best fit for your particular situation.
Let's start to save you time and money on your mortgage. Take a look around at my site and feel free to "Apply Now" for my online application. It's as easy as that and this is a FREE Service to you, I get paid by the lender that "wins" your mortgage. Any questions or concerns please contact me.
By choosing Jeff Trounsell, as your mortgage broker, you are on your way to becoming well informed and fully prepared for the upcoming days and weeks. With over 40 reputable mortgage lenders across Canada, (like TD, Scotia, Vancity, and First National), many of which are only accessible through registered mortgage brokers; never before has there been such a wide variety of financing products to choose from. There are no fees for qualified buyers! You may apply now by going to our secure on-line application or email us.
Why use a Vancouver Mortgage Broker
If you're buying a home in Vancouver then it will not be far stretched to say that you will need a mortgage. Question is did you know that there is a difference between mortgage brokers and the bank loan officers? If you do not know the difference, there is actually a big difference and that you have a choice in which one you use.
Think of your mortgage broker as a scout. Mortgage brokers find and evaluate home buyers who desire to obtain financing, analyzing each client’s credit situation differently so that they are able to determine which lender is the best fit for that particular clients needs. The mortgage broker submits the home buyer's application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. A good broker can find a lender for good, bad, or no credit. The clients credit will not stop them from obtaining a mortgage if they are dealing with an experienced broker.
When dealing with a bank no matter what employee you work with all, employees of the bank work to sell and process mortgages and other loans originated by their employer. They often have more than one type of loan to choose from, but all loans originate from one lender; the bank. The loan officer within the bank will take your application and see if the bank has a home loan that suits your needs. If your personal credit is approved then the bank will move forward. If your credit is denied then the process ends and they no longer try to find you other options. A mortgage broker will try other avenues and lenders if the first lender tells them no or gives them an unfavourable response.
When choosing a broker over a bank remember that mortgage brokers can typically get their clients a lower interest rate than a bank can because of the freedom they have to shop around for their clients. They can even get you up to 1.5 % difference in your interest rate, but even a small difference in an interest rate on your mortgage can make a big difference in the long run. An example, take these two imaginary loans. The first loan is the amount the mortgage broker is able to secure you and the second is the amount the bank offers you. The Vancouver mortgage broker loan will charge 6% in interest a year; the bank is offering a loan charging 6.5% interest a year. The half a per cent difference on a $150,000 home loan over 25 years, can cost the client an extra $13,900 if the client chooses the more expensive loan from the bank.
Just like shopping around for any other major purchase a mortgage is no different. A home buyer needs to shop around for the best rate. Shopping around can be time consuming and frustrating. So why not find a mortgage broker you can trust and count on, to do the shopping for you. In the long run, you will probably pay less for everything; including peace of mind. So when the time comes for you to take on a mortgage make sure you hire a mortgage broker to find you the loan that best fits your needs.
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