Mortgage brokers arrange mortgages with the lowest rates available
(sometimes more than 1% off the posted rate the major banks offer).
These discounted mortgage rates are then guaranteed while you get acquainted
with the Kitchener Waterloo real estate market so that if interest rates
go up, your old rate remains the same. If rates decrease, your new mortgage
rate is re-locked and protected once again. This service can save
you thousand of dollars!
Mortgage brokers can also explain different options that will save
you even more money such as the RRSP plan for first time buyers, minimum
down payment features and the benefits of paying your mortgage off with
bimonthly installments. Mortgage brokers can often save clients from
unnecessarily spending thousands of dollars; however, to fully take
full advantage, clients need to be proactive in setting up some of these
steps and not wait until the last moment.
The best part is that mortgage brokers offer their services for
free and there's no obligation. The mortgage broker submits your
application to several banks at once and they all offer their very best
terms and rates right away as they know they're competing with several
other banks. If you're currently browsing the Kitchener Waterloo real
estate market, click
here for detaiils on how to receive a free, no obligation pre-approval.