BUYERS BEWARE OF FLY-BY-NIGHT MORTGAGE BROKERS

This is an excellent short article if you want to work with a Mortgage Broker. We have some super people in town that we can refer you to. They work hard and they can work with numerous lenders, so they will do the shopping for you and find you the best mortgage for your personal needs. Call us and we'd be happy to put you in touch with our local Mortgage Brokers - here's the article:

Should you ever pay a Mortgage Broker?

Should you ever pay a Mortgage Broker?

Did you know that it should never cost you to have a mortgage broker looking out for your best interests?

Mortgage professionals are well compensated for arranging mortgage financing on your behalf, but in most cases, their fee is paid by the lender.*

In order to attract your business, lending institutions must allocate a portion of their income to marketing and sales, but representatives working for these institutions have only one financial product to sell – their own. Lenders know you won’t do business with them unless you have had ample opportunity to shop and compare. Therefore, it is in their best interest to compensate mortgage brokers for helping you do exactly that.

Mortgage brokers have access to the latest information from a multitude of mortgage lending institutions.
 
The above information was provided by Centum Financial Group Inc.


*Situations exist where specific clients or properties do not meet conventional lender expectations. In these cases, a mortgage broker may attempt to find suitable financing through alternate sources. A fee, agreed upon in advance, may be charged directly to the client by a mortgage broker.

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