There’s more to a great deal on a mortgage than just a low interest rate.
The terms and conditions within a mortgage loan can greatly affect the overall cost, depending on what your needs are and what path you take with your mortgage in the future.
My job, as your Professional Mortgage Specialist, is to understand your needs and financial plans so that I can match you with the right mortgage product, at the lowest interest rate, to save you the most amount of money possible.
Once I have a full understanding of your situation, I will find you the best deal on the right mortgage by comparing offers from dozens of:
My services are totally free to you in most cases. The only time fees may apply is if there were circumstances that required creative financing solutions using Alternative or Private Lenders. In these cases, any fees that may need to be charged would be fully disclosed prior to you committing to anything.
Mortgage Broker vs. Mortgage Specialist vs. Banker
These three terms are commonly used when referring to sourcing a mortgage, but there are significant differences between them. In fact, the different terms are used differently in different provinces in Canada. In Manitoba, the way most people use these terms incorrectly.
A Mortgage Specialist (a.k.a. Mortgage Professional) is a person who is licensed by their local Securities Commission to arrange mortgage financing for their clients by reviewing offers from dozens of different Mortgage Lenders to find the absolute best mortgage products for their clients needs at the lowest possible interest rates. A Mortgage Professional works for the client and with the client's best interests at heart. I am a Mortgage Specialist.
A Mortgage Broker in Winnipeg is a group of Mortgage Specialists. Castle Mortgage Group is my Brokerage a.k.a. Mortgage Broker.
A Banker is the term I use to describe the person you get your mortgage from at the Bank or a Credit Union. They work for the Bank or Credit Union and are not licensed by their local Securities Commission.
Here’s where things get confusing. Bank personnel who sell mortgages also refer to themselves as Mortgage Specialists although the role is very different from that of a Mortgage Specialist who is part of a Mortgage Brokerage.
So how do you make sure that you are using the correct type of service?