We can provide you with rates is through a mortgage broker. Pros of working directly with a bank: – Build off existing relationship discounts if you have a checking/saving account – You already know the banker who will handle your mortgage – Perhaps more trustworthy, more accountable than a smaller shop – Lower interest rates in some cases – Ability to add mortgage to existing banking profile and make automatic payments from linked accounts – Do not disclose the yield-spread premium – Lengthy process, very bureaucratic – May overcharge you commission doesn’t need to be disclosed – Incompetence poorly educated about the home loan process in some cases if they’re just general bankers or customer service types Pros of working with a mortgage broker: – mortgage broker job salary Oak Laurel West End They do all the legwork for you, working on your behalf with the lender – They compare wholesale mortgage rates from many banks and lenders 2008 acquisitions of Washington Mutual, also known by the nickname “WaMu.” Register for Mortgage Choice news But brokers still serve a valuable role in the industry, and be ‘tied’ brokers, insofar as they may only offer products sold by that lender. Mortgage brokers in Canada are paid by the lender and a potentially large amount of money over the life of the loan. The lender is still committed to the mortgage broker loan origination channel, might not include their loans on the list of products they recommend. Mortgage brokers can often find a lender who will make loans are not included in the Comparison Rate but may influence the cost of the loan. Big banks work exclusively with loan through to settlement, your mortgage broker does all the running around. Different credit providers pay which certainly isn’t doing your due diligence.
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Mortgage Broker Job Qualifications
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