Why should you choose a Mortgage Broker to secure a Mortgage?

Posted on: November 30, 2020

Now that you have finalized your home and are looking towards different mortgage options before you select and secure the best rate mortgage for yourself. When the time comes to secure a mortgage, numerous thoughts start to come in the mind of mortgage borrowers such as- what would be interest rates, which rate is better – fixed vs variable, what would be penalty charges if you break the mortgage before the term, what would be refinancing options, and whether you will get flexible payment options or not ? Mortgage broker Toronto can help you answer your all questions and secure you the best mortgage option.

Furthermore, how a mortgage broker can help you to get a mortgage at best interest rate & why should you choose a mortgage broker? A mortgage broker has substantial knowledge of various financing products available and holds valuable knowledge in the mortgage industry which makes it the ideal choice to hire a mortgage broker to get the best financing solution possible.

At MB Mortgages, we understand that mortgage is a long-term commitment and therefore, guide you on the best offer to meet your long-term financial goals. Firstly, we carefully and diligently access client’s situation – financial as well as credit score and then we can shop around and negotiate best mortgage rates for our clients, rather than you take on the tedious and tiresome process on your own.

In this blog, we will discuss why should you opt for a mortgage broker to secure a mortgage.
The primary reason to choose a mortgage broker is that a mortgage broker acts like a one stop shop for all your mortgage needs. The mortgage broker will review your financial situation as well your credit score and advice you the best solution possible. At MB Mortgages, we have access to over 50 mortgage lenders which gives us a competitive advantage in finding the best mortgage rates among all. MB Mortgages has access to A (Major Banks), B (Sub-prime /Alternative Lenders) & C (Private) lenders to compare and find best mortgage rates based on client’s financial situation and credit score. What is a good credit score for a mortgage?

At MB Mortgages, we will guide you which is best option either fixed or variable based on your financial situation. We can find you best interest rates and if you want to hold it, broker can lock it for 120 days (Conditions apply, call MB Mortgages for details). Meanwhile, if the interest rates go down, you can enjoy the lower rates, and if rate go up, you do not need to worry because you have already locked the rate. Consequently, you might save money in the long run if you get low interest rates.

The secondary reason to choose mortgage broker is that broker provides you unbiased advice based on professional experience, keep your information confidential and protect your credit score as well. We at MB Mortgages must abide ourselves to PIPEDA (Personal information protection and electronic documents act). Under PIPEDA, all supporting information that is provided to us remains confidential and we use information in such a way that does not contravene the right of privacy of client, we would disclose in a manner for purposes that a reasonable person consider it appropriate in the circumstances.

To reiterate, mortgage broker helps you to save your time, protect your confidential information, shop around to get you the best interest rates based on your specific needs and financial situation.


Why choose us-
As a leading Mortgage Brokerage, we have strong relations with multiple banks and numerous lenders. We work with Canada’s leading lenders to provide you a mortgage solution that fits your budget. Our mortgage and financing process is amazingly simple, we represent you and match you with the best suited mortgage as per your needs. This way we can guide you through this complicated process with our years of mortgage financing experience.
• We are dedicated and professional Accredited Mortgage Brokers in GTA.
• We are well trained and have experience in the mortgage financing field more than 10 years.
• We can shop around with different lenders to get you the best possible mortgage rates and conditions as well.
• We have different options for different income and credit level with access to number of private lenders to suit borrower’s needs.

Contact us-
We are a professional mortgage broker in GTA. We can help you secure a mortgage with best mortgage interest rates. We are located at 2896 Slough Street, Unit # 6, and Mississauga, ON L4T 1G3. Call MB Mortgages Inc. today at 905-458-6929/416-939-7131 for your queries or you can email us at: info@mbmortgages.ca or you can visit our website at www.mbmortgages.ca

The information provided in this blog post is intended to provide general information. You should consult with a mortgage professional to fully determine the scope of your situation. MB Mortgages shall not be held liable from usage of the information provided on this page. Individual situation may vary.