Mortgage Brokers Approach
I offer a personalized, boutique-style approach in a hype-ridden industry catered to mass appeal.
I am interested in a long term relationship with my clients, many of which are vulnerable and disadvantaged, and I find deep satisfaction in helping others to prevent financial disaster, homelessness, or poor quality of life burdened by debt.
I believe in consumer education and I take my time in understanding your motivations and values in strategy sessions. I keep it simple and always provide transparency with regard to my process.
Many mortgage brokers approaches will contribute to misguided notions peddled by the financial industry by focusing on low interest rates, funneling your application to multiple lenders while hoping for the best. By contrast, I work meticulously to match you with lenders who appreciate your unique position to save you time and increase your prospects.
How Mortgage Brokers Approach Can Save You Money?
Paramjit SinghMy strategic approach is to scout out and screen individual bank mortgage products that align with your needs and goals to maximize your position.
My process is precise and I approach one mortgage lender at a time. As a mortgage specialist, I evaluate clients situation and credit history before approaching a financial institution. I check terms and conditions, mortgage costs associated with types of the mortgage being offered by a financial institution. While brokers are paid by the lenders, I prioritize my clients need instead of broker fee or origination fee.
When comparing me with other mortgage brokers approaches, I stand apart with regular status updates. Unfortunately, it is common for prospective home owners to be left suspended, uncertain as to the status of their file for long periods while agents tend to other business. My promise to you is a status update every 48 hours.
I work in consultation with a large team of savvy real estate agents who are well aware of the buy and sell situation of the market. I am committed to empowering you with choices and will help you to avoid the higher rate / lower rate trap.
For those interested in acquiring more than two rental properties, I am well qualified to assist with investment property mortgages. I also offer non-mortgage related strategies for those looking to own or save their home when banks deny you a mortgage.
Mortgage Brokers Approach To Mortgage Rates
By far the most talked-about topic in real estate is mortgage rates – yet they have the least impact on your bottom line. Despite this, big banks trumpet low interest rates in their ongoing fight to get mortgage business, perpetuating the misconception that this will save you money.
But there is a much bigger picture involved that banks have no interest in, and it’s a picture that’s crucial to a decent quality of life.
It’s easy to be influenced by mortgage rate hype, but it’s a trap. Banks now a days don’t make money on interest – they make money on penalties, the fine print obscured by all that marketing. Don’t be tricked. The carrot dangling in front of you is a distraction.
Did You Know!
Let’s say that you have a mortgage for $100,000 and a 2.99% interest rate. Do you know how much of a difference an increase or decrease of 1% makes on your monthly payment? Only about $55 per month! Abandoning the fixation on low rates will broaden your perspective and brighten your future.
Unbeknownst to the prospective home owner, even the most minor violation of contract terms can lead to higher penalties, which are calculated differently through a bank than they would be with mono-line lenders. Liens are much more restrictive. And the unfortunate truth is that many don’t realize this until it is too late.
If you are not looking for online brokerages and prefer working with a mortgage broker who will take time to understand your situation and provide a workable solution connect with us today. To learn more about your buying power check out our absolutely free mortgage calculator.
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