Buying your first home can be a big decision. It is important to take the time to look at all options and make informed decisions.

Buying your first home can be a huge decision. It is important to take the time to research all options and then make an informed choice.

How much will it cost? What can you afford? What are my options for where to live? These are just a few of the questions you’ll need to answer. Unless you have won the lottery recently, you will also need a mortgage.

What are the main benefits/advantages of working with a mortgage broker?

First, a professional Mortgage Broker will have a conversation with you in order to determine if you are ready for a mortgage application. It is not a good idea to approach a Bank if you aren’t ready.

Banks databases can be extremely unforgiving. All of your information will be stored on the bank database and could make future applications more difficult if you submit an application while you aren’t ready.

If you’re ready, a good mortgage broker will tell you. If you’re not ready right now, you can still get the advice and help you need to ensure that you are ready for when you are.

My experience has shown me that applicants who aren’t ready right now will be ready in 3 to 6 months if they receive the right advice. The key to success with a mortgage is getting the right advice.

A good mortgage broker can help you simplify the process. Once you have submitted your application, it will be packaged and presented by a mortgage lender so that you have the best chance of getting the loan you want. Your application will move as fast as possible. To ensure you receive the fastest response possible, a Mortgage Brokers office will monitor your application.

Most mortgage lenders are inefficient at the moment. It is important to chase them along and not leave things sitting on a customer service desk for weeks. A quick response is crucial to securing a property.

A Mortgage broker can also be your single point of contact, from the moment you call them to the moment you receive your keys to your first home to the time you move in.

It is invaluable to have one point of contact for all your insurance and mortgage questions. One person can also give all the advice and help you need by phone or email.

A mortgage broker is a great choice for first-time buyers because of many other reasons. A mortgage broker can shop around to find you the best mortgage and insurance rates.