To get the benefits of hiring a mortgage broker in Vancouver BC, potential home buyers must understand the complete truth about working with one. Listed below are some common myths busted regarding mortgage brokers.
Myth 1: Mortgage Brokers Always Favour One Particular Bank or Lender
Mortgage brokers align themselves with more than one lender. They have access to a number of banks or private lenders and recommend services based on the needs of the individual client. With their strong network of well-acquainted lenders they focus towards achieving the best mortgage rates in Vancouver for their clients. They never and have no reason to recommend one lender over the other.
Myth 2: The Mortgage Pre-Approval Process is the same with All Brokers