Busted! Don’t Believe These Myths About Mortgage Brokers
Buying a house is a significant investment that requires extensive research and careful financial planning. While you may call a real estate agent to learn about the properties you’re interested in, it’s also essential to consult a mortgage broker to identify your mortgage options.
Unfortunately, many people avoid using mortgage brokers and head directly to the lenders as they do not trust the services that mortgage brokers provide. This mistrust is the result of incorrect and outdated information that surrounds the mortgage broker profession. And, believing this misconstrued information will not only deprive you of unbiased advice, but also the best mortgage solutions.
To help you steer clear of the falsehoods associated with mortgage brokers so you can obtain stress-free mortgages, Kristi Sauter at Trilogy Mortgage Corporation has debunked some of the most widely believed myths about mortgage brokers.
Myth 1: Mortgage brokers cost money
There is a misunderstanding surrounding the mortgage industry about mortgage broker fees. People feel there is an additional fee charged for mortgage broker services when, in reality, there are no hidden fees for our services. We disprove this myth by being honest and truthful about what we do and how the process of obtaining a mortgage through a mortgage broker really works.
Myth 2: Only people with poor credit use mortgage brokers
Just because mortgage brokers help those who have poor credit, does not mean that they are the only people who benefit from using mortgage brokers. Whether you have a credit score that’s good, bad, or in-between, the goal of a mortgage broker is to find the best mortgage solution for you.
Myth 3: Mortgage brokers only help with new mortgages
A common assumption that clients make about mortgage brokers is that we can only help with new mortgages. But, the truth is we can assist with numerous types of mortgages. Brokers can help you obtain funds for different kinds of scenarios, including new-builds, marriage breakdowns, purchase plus improvements, and even refinancing.
If you need a mortgage for any of these situations, it’s vital to connect with a mortgage broker to see what they can do to help you attain the best possible solution. Our industry works with numerous lending partners to ensure that all your needs have the best possible representation. Moreover, our industry allows you to apply online confidentially and begin the mortgage process at zero cost.
If you’re looking to steer clear of more mortgage broker myths like these, reach out to Kristi Sauter at Trilogy Mortgage Corporation. As a premier mortgage broker in Medicine Hat, AB, I am confident about the services I provide and will gladly help you in any way that I can. I have over fifteen years of lending experience and have spent many years developing relationships with realtors, lawyers, accountants, and numerous lenders, to improve the quality of my mortgage solutions.