Approval for a Home Mortgage Mississauga Etobicoke

by Samantha Stewart Canadian writer

Buying a Home in Mississauga and Etobicoke

Mississauga and Etobicoke are on the western tip of Toronto, and are wonderful cities to purchase property and live in. If you are a hopeful homebuyer who is looking for a home mortgage in any one of these or neighboring cities, your best option to deal directly with an independent mortgage agent who is very familiar with these two cities, and is highly experienced in the realm of helping homebuyers obtain approval for a mortgage. Christina Botelho is a team member with MortgageMedics.ca has helped countless families get the approval they need for a home mortgage.

Why Use a Mortgage Broker?

There are many key reasons why you may want to consider using an independent mortgage broker rather than going directly to your traditional bank. First of all, mortgage brokers work for the homebuyer, not the banks. As such, independent mortgage brokers have the homebuyers’ best interests in mind when they are trying to get them the mortgage they need. These brokers will do their best to obtain all necessary and pertinent financial information about a homebuyer, and shop around for the mortgage that best suits their needs.

In addition, independent mortgage agents, like those at MortgageMedics.ca, do all the leg work for you. Rather than just accepting one rate and conditions that a particular bank may offer, mortgage brokers will shop around with various lenders, negotiating on your behalf to get the lowest interest rate possible, as well as the most convenient and suitable terms and conditions associated with the mortgage amount and repayment terms. As agents through Dominion Lending Centres, they have access to over 50 different lenders in Canada including credit unions, finance companies, trust companies and even private lenders.

With all the services that independent mortgage brokers provide to borrowers, it would seem as though an exorbitant amount of money would be owed to them as a fee for their services. However, such is not normally the case. Since mortgage brokers get paid a fee from the lender, the borrower does not have to worry about having to pay any service charges to the mortgage broker, yet could save thousands!

If you are in need of a home mortgage Mississauga Etobicoke, call Christina or another medic at (289) 837-1518 or visit: www.MortgageMedics.ca and take advantage of thier expertise when getting approved for the most suitable mortgage for your situation.