What is a Mortgage Broker?

A mortgage broker in B.C. is a licensed professional trained to represent the borrower in obtaining financing from a variety of lending sources. They have access to an abundant source of lenders including Chartered Banks, Trust Companies, Credit Unions, and Private Lenders. Mortgage brokers are able to find the best rates on all available mortgage products. They have the necessary knowledge and training required to present a formal financing proposal to a lender that will result in the best possible mortgage for you. The lenders then pay the mortgage brokers as a thank you for providing business. Why waste your time having to shop for your own mortgage from bank to bank, incurring several credit checks, which will inevitably lower your beacon score and may cost you money in the long-term in relation to your rate. Most people don’t know the correct questions to ask and are frequently offered the bank “posted rate”, which is generally 1.5% higher then a broker rate. As a broker, we have daily access to the lowest rates available from lenders and will automatically offer you the best rate and package that suits your needs. Choosing the wrong rate could cost you thousands of extra dollars. Your broker will let the banks compete with each other for your business and fight for lowest rates for you, the buyer.

Who is Jessi Johnson’s mortgage team?

Please click on www.jessijohnson.ca