What is a mortgage broker and why you might want to call one?
A mortgage broker is an independent agent who acts as an intermediary between you, the consumer, and the mortgage lender. In the past, banks and other lending institutions distributed their own products; however as mortgage business became more competitive, the role of the mortgage broker has become more popular. A mortgage broker will shop the available lenders to find the mortgage product that offers the best combination of features, options and rates to suit your individual circumstances. The best part is- depending on your credit picture - there is no charge to you for the service! My fee is normally paid by the lender.
Why use a Mortgage Broker?With the on-going fluctuation in interest rates a lot of homeowners have become more aggressive in looking for the best possible terms from a lender. The appeal of using my services lies in my ability to effectively search a large segment of the mortgage industry for the optimum terms, rather than you negotiating personally with only one or a few lenders. I can also be a great source of information and unbiased help in wading through all of the options that are available in the mortgage industry today.
- Need advice on adjustable term mortgages?
- Want more information on the Home Buyers Plan?
- Wondering about the advantages of refinancing?
- Having problems getting a mortgage because you’re self-employed?
- Need help arranging financing for an investment property.
These are just some of the issues that I would be happy to help you with, and usually at no cost to you.
Jerry Sims is a mortgage broker with Ambro & Associates Mortgage Consultants Ltd. with over 20 years of lending, banking and financial planning experience. A highly satisfied and loyal client base can attest to Jerry’s knowledgeable, creative and caring service that rises above and beyond expectations. Jerry has worked at several financial institutions in the capacity of loans officer, branch manager and credit manager.
Please feel free to ask John for an endorsement if you would like to know more about my services.