There are various reasons why one uses mortgage broker than going to a particular bank
. First, you need to remember that discounted rates of mortgage are not guaranteed by lenders and banks such as Charter. These discounted rates are not usually offered unless you ask for it specifically to be given to you. Mortgage brokers will be able to negotiate the rates for you and they make sure that you get the rate that is fully discounted.
However, this is subject of your qualification and this is essentially the first reason that you need to consider. In addition, mortgage brokers do no charge any fee to you on approved credit since the lending institution where you successfully placed your mortgage will pay them finder's fee and this is totally off your shoulder as a responsibility.
Another reason why one uses mortgage brokers is that they are not usually associated to only one lender because they have access to various lenders all over the country. This access to various lenders is actually an advantage for you because they could offer you the best possible terms and rates that otherwise you cannot achieve.
A mortgage broker in Alberta will be the one who will shop the market and scout best deals for you especially for those where you qualify and scouting the market for yourself without knowing whether you qualify or not is a total waste of your precious time, effort and money. Contacting a bank is not an option especially when they pull a credit history evaluation for you.
If they found out that you have a bad credit history, this will automatically reflect back as a negative aspect on your credit rating. When you got mortgage brokers Alberta has, this will not happen because they will shop the market according to your qualification and eliminate those where you do not qualify. This means that you have better chances at getting the best possible deal.
A mortgage broker in Alberta is definitely a good option for you because you are not in any obligation to make a commitment to any approval in mortgage that he presents to you. You can politely decline and then find another one that you find suitable and comfortable for you.
