Mortgage Service In Kamloops & Edmonton | Mortgage Centre
Mortgage Services in Kamloops
If you’ve been saving up for a new home recently, there is a high chance you’ve been paying much closer attention to the housing market, reading up on mortgages, and looking at rates. You will soon start googling the best mortgage rates in Kamloops and find an array of familiar banks, including yours, which all seem to have attractive prices—but that doesn’t necessarily mean they have the cheapest rates in the area.
It is easy to understand why most people flock to Canadian banks when they’re ready to make a life-altering purchase. Not only does every Canadian deal with a bank on a regular basis, but they also find it comforting to work with the same institution; not to mention, due to their myriad advertisements, individuals may feel they are also getting the best deals.
However, many Canadians aren’t aware that shopping around other financial institutions could land them a much better rate and potentially save them a significant amount of money over the length of their mortgage. While the banks advertise “the lowest rates on the market”, in reality, they rarely are. In fact, some of the best mortgage brokers in Kamloops offer the most competitive rates.
The Advantages of Having a Broker
Mortgage brokers are regularly in touch with a wide array of different lenders, some of which you may not have necessarily heard of. Some lenders work solely with mortgage brokers whom they rely on to be the link between them and prospective clients. These lenders are not usually contacted directly to get a mortgage; brokers are the intermediary and get special deals from them to offer clients.
A broker has the ability to lead you away from lenders who have burdensome payment terms buried in their mortgage contracts. As a borrower, you may not realize that they are there until you are about to sign. These include origination fees, application fees, and appraisal fees. Occasionally, mortgage brokers convince lenders to waive these fees, which can end up saving you thousands of dollars.
At Mortgage West – The Mortgage Centre, Rose Blankenagel will find you the best mortgage rate in Kamloops. Instead of heading to your bank for comfort and stability, contact Rose, a top-rated mortgage broker in Kamloops, and save yourself a whole lot of hassle and money, leading the way to your personal and financial goals.
Purchase a home with as little as 5% down. Your down payment can be from your own savings, RRSPs, gifted from immediate family, or borrowed.
Purchase plus Improvements
Purchase and renovate/add to a home with as little as 5% down on both the purchase and improvement.
Your Mortgage Broker will shop around, get you the best deal, and hold your rate for 120 days come renewal time.
Refinance up to 80% of the value of your home to renovate, pay off debt, for investments, tuition, and more.
Contact us today for these mortgage services and more!
Purchase land and build your home with as little as 5% down. Funds forward to you once you’ve achieved certain levels of completion.