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Can your mortgage broker do this?

     







This is something I do for my clients on a regular basis, 24/7. Can you say the same about your bank? or even your current mortgage planner? 









If you want to save time, reduce your legwork, understand all your options & make sure you find the best possible deal - a licensed Mortgage Associate is the ideal solution. The best news is that you can get started without even leaving your house or office; you can even do while you are on vacation or a business trip. Take advantage of the expert knowledge provided by a; TMG Mortgage associate to make an informed mortgage choice. 

          Benefits of using a Mortgage Associate
  • Access to numerous lender's & products -One Credit Pull
  • Products available exclusively through Brokers - Monitors Rate Drops
  • Works on your behalf - Free of Charge(OAC)
  • Access to new products immediately
  • Long term relationships

    Mortgage Associate vs. Bank Representative

    When you're looking to get a mortgage loan, you may work with a bank representative or you may choose to work with a Mortgage Associate. People often confuse the two job types even though both will glean the same results: a new home, refinance, transfer, equity take out etc. However, it is important to understand the difference between the two types of jobs so you know what to expect from them during the mortgage application process.
     
     A bank representative, works only the institution they are employed at, ie RBC, TD or BMO. They can only offer what that intuitions products and services are. Typically the bank representative also can complete RRSPs, Mutuals, Visas, open bank accounts and a multitude of other bank-only-products. To get discounted rates from your bank you have to negotiate, and you will not know if you got the "best rate" you could get, or if you are in the "best product" you qualify for. You are also on the institutions time for appointments, typically 10-4pm and some now are open on weekends and evening. But with limited office staff, as it is only the front line that gets busy (tellers).

    A Mortgage Associate is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage Associates are intermediary between you & the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A Mortgage Associate will analyze your financial situation to determine which lender is the best fit for your mortgage financing. He or she will submit your mortgage proposal to one or more lenders and works with the chosen lender until the transaction closes. In most cases, the mortgage lender pays the commissions! Mortgage Associates work independently from any one financial institution and work for the prospective mortgagor(s) to secure the best financing solution for each client(s). 

    Really I can put it down to a few phrases, a Mortgage Associate is a Specialist in what they do, mortgages. As a mortgage associate, we live and breath mortgages, and always have our fingers on the pulse of the industry. We also have other associate contacts, Realtors, Lawyers & Inspectors to help make your home buying process as smooth as possible. With the bank representative, you are only have access to one lenders product, and a representative that also works in several other aspects. The old adage,  "Jack of all trades - Master of nothing" may come into play here on several levels. 

     If you choose to work with a Mortgage Associate, doing a bit of home work there can help you as well. Being with TMG I am part of a group of the largest Mortgage Agents in Alberta - allows me access to the best of the best! Rates, Products..... OPTIONS!  I work 24/7, and am always available via multiple forms of communication. If you ever have questions about your current mortgage, or your new potential home purchase please feel free to give me a call. It is a free consultation :) 
    Ariana Leroux
    Mortgage Associate with
    TMG, The Mortgage Group AB
    780.952.4087 mobile
    arianaleroux@gmail.com
    www.arianaleroux.com


     













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