Top Five Services Your Mortgage Broker Should Offer

A mortgage is one of the most widely used financial tools for purchasing a home, retail or commercial space and having a professional mortgage broker guide you through the mortgage process has its advantages. They help you understand the products that are available, offer advice, and work with banks, lawyers and accountants to make the process easier for you.

While the experience, reliability, and trustworthiness of a mortgage professional are essential for a successful working experience, the services the mortgage agent provides should also play a crucial role in your decision to work with an individual broker or not.

To help you make the right selection, here’s a list of the top five services your mortgage broker must offer.

1. Purchase financing.

Whether you are purchasing a home or investment property, the broker should find you a mortgage product that not just has the best rate for you, but also matches your needs and fits your budget. The broker should also help you close the mortgage on time and without a hassle.

2. Refinance.

The option of refinancing allows you to obtain a new mortgage that replaces an existing one. Look for a broker who can help you reduce your financial burden by offering you the best refinancing mortgage products.

3. Equity take out.

The term ’Equity Take Out’ in mortgages is the process of “taking money out of your property” for a different purpose. It can be used for several purposes ranging from home improvements and renovations to investing in new property. Find a broker who provides you with the information you need, well before you commit to anything, so you can be sure that the solution you choose puts you in the most beneficial position possible.

4. Private lending.

For those buyers who don’t have sufficient income and can’t meet the eligibility or credit requirements of regular banks, there are lenders who offer private lending. Work with a broker that can provide you with more than just conventional sources of borrowing.

5. Commercial lending.

The first step to hiring a commercial mortgage broker is to use a brokerage that has lots of connections to many different lenders. The mortgage broker should not only have a firm understanding of real estate, but they must also know all the funding options available to businesses and investors seeking a commercial mortgage. Work with a broker that can help you get over the final hurdles with approvals and funding of commercial mortgages.

If you’re looking for an experienced mortgage broker in Chilliwack, Langley, Delta, Vancouver, Burnaby, Coquitlam, and New Westminster, BC., reach out to Mortgages By Neetu Dhillon. With years of experience, I can help you with a private mortgage, commercial mortgage, first-time homebuyer mortgage, residential mortgages, equity take-out, and pay down debt.

To learn more about the mortgage services I offer, please click here. To get in touch with me, please click here.