As an independent mortgage brokers and agents who work for the borrower and not the lender. You can find out more about the benefits of using a mortgage broker in Windsor. You can get more information from credit dealers in Ontario.
The benefits are as follows:
Access to the Best Rates and Products
While the bank or financial institution offers them the product of a particular bank, as Dominion Lending Centers licensed mortgage brokers we have access to over 40 different lenders. They have access to the best prices and also access to hundreds of victims of different mortgages.
Outside the Box Lenders
Better known as B lender or non-traditional, financial companies very often have a more relaxed approach to credit standards and conditions. Not everyone will get into a good bank and credit neat traditional box. If you have a credit history that is somewhat problematic or self-employed, the lender may be just what you are looking for.
If you are on your own shopping at the market could easily take days if not weeks. As well as every time you apply for a mortgage your credit scores take a hit, lowering your score each time.
As a mortgage broker, Windsor can check your credit once and then give the application to many different lenders. Also, with the software product of our advisors, we can determine the best lender and product for your situation by inputting your data into our system.
Free service for you
In most cases, mortgage brokers receive compensation through the lender. There are times when lenders do not pay a finder's fee for mortgage brokers and then this is a case of the borrower must be charged.