Have you ever wondered why 𝙨𝙖𝙫𝙫𝙮 homebuyers use mortgage brokers?
In this post, we break down the benefits for you!
Benefit #1: It’s absolutely free!
Mortgage brokers help clients compare home loan rates across banks and financial institutions.
Mortgage brokers do not collect any service fees from their clients, i.e., the homebuyers/homeowners, and they get their fees from banks and FIs directly.
How’s that a deal when you can have someone do the leg work for you – FOR FREE?
Benefit #2: Saves your time and makes it hassle-free!
As mentioned above, mortgage brokers do all the dirty leg work.
They compare rates by liaising with the banks and FIs.
Imagine sitting in front of your computer and reading a comparison chart that your mortgage broker has done nicely for you. Instead, you must go to every bank and enquire about rates.
Furthermore, mortgage brokers help fill up the tedious paperwork and maintain all the documentation for you at no cost!
They say, “time is money,” so it’s all the better that you save BOTH time AND money!
Benefit #3: Competitive rates!
Would you prefer to do business with a regular customer or an entirely new customer with whom you must build the working relationship from scratch?
Keeping this line of thought, mortgage brokers usually leverage their existing relationships with banks and financial institutions to negotiate competitive rates for their clients.
You’ll never know – sometimes, clients can get lower rates than published rates!
Isn’t this to YOUR advantage?
