Q My Bank supports me and when it comes to mortgages, I am sure they will give me a better rate. Why go to a mortgage broker?
Banks do support, but not in all cases, a Mortgage Broker provides more choices, we negotiate with several lenders, as compared to your bank that has only one mortgage to offer. At Mortgage Plus we offer the mortgages products of various lenders, under one roof, its one stop shopping.
Q How do the Mortgage Brokers get paid?
Good question, most financial institutions pay us finders fee, therefore there is no direct cost to you. At Mortgage Plus 98% of our business is conducted with no fee to the clients, except in cases of commercial and construction mortgages and arranging 2nd mortgages. We only charge a fee with prior consent of the borrower.
Q Who are your mortgage clients?
Our clients range from first time home buyers to clients looking for refinancing, renewals, pre-approvals such as constructing your dream home or equity take out.
Q Why are your rates lower than the banks?
We negotiate on behalf of customers with Banks, Credit unions, trust companies and many more lenders. We conduct volume business, therefore are able to get the lowest rates and fast approvals, which we can then pass on to our clients.
Q Who regulates the Mortgage Broker Industry?
The Ministry of Finance Corporate Relations regulates the mortgage broker industry. All our Mortgage consultants are licensed and registered through The Ministry of Finance.& We are members of MBABC, CIMBL and Better Business Bureau, and are proud to have a professional reputation.
Q What about Mortgage Insurance?
For most of us buying a home is the biggest financial decision we will ever make. Just as you need a homeowners policy for coverage against theft, fire and other kinds of property damage, you need some way to make sure your mortgage obligation will be taken care of if you are no longer able to do so. We offer life,disability coverage, that offer you the LEADING EDGE in mortgage security.
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