September 20, 2020

Mortgage Broker Services Help Average Home Buyer

Alberta – No one wants to overpay for a home or be house poor just to put a roof over their heads, and that’s why more and more consumers are shopping the market for the services of a quality mortgage broker.

Although the use of mortgage services are on the rise, not nearly enough homebuyers know about them or even understand the job they can do when it comes to buying a property.

In fact, according to a recent survey of homeowners, less than half of those asked even thought about getting in touch with mortgage brokers when they were considering purchasing a new home. This statistic means 50 per cent of homebuyers could be paying more than they ideally should on a home each month, thus explaining the increase in debt across the country.

Essentially, a mortgage broker works on behalf of the homebuyer and shops lenders to get them the best mortgage rate possible. This paired with a suitable home loan package can realistically save consumers a ton at the bank and actually decrease their monthly home payments by a substantial amount. Any mortgage broker you hire should be experienced, accredited, licensed, reputable and well-educated.

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