Serving the Greater Toronto Area including Hamilton, Halton, Burlington, Oakville, Mississauga, and Niagara Region.

What is a Mortgage Broker?
Dawn S. • Jan 25, 2022

Hamilton's Best Mortgage Brokers - Why You Should Make The 'Weisz' Choice!

Before you start shopping around for your mortgage, you should really decide if you are going to use a bank as your lender or lean on the expertise of a Mortgage Broker. The bank you regularly use can offer you their mortgages, key word being “their.” The mortgage agent with your bank, works for them and can’t offer you mortgage products from a variety of lenders. A mortgage broker has many lenders that they deal with on a regular basis and will work on your behalf to find you the mortgage that will suit your needs now and in the future.



There is a misconception out there that people use mortgage brokers when their credit is questionable. You should know, that is not the case. A mortgage broker should be called upon when a mortgage is needed. Period. These professionals are educated and trained in all things having to do with mortgages. A broker will help you if have a unique situation, like you own a business or you’re a typical client that is in need of a mortgage. A mortgage broker works with all types of people and has a network of lenders that they can call upon to find you the mortgage that will for you and your situation. The staff at Weisz Choice Mortgage Group will give you personalized advice and attention based on your situation.  In Ontario, a mortgage broker has to be licensed and covered under the Mortgage Brokerages, Lenders and Administrators Act, 2006.


The use of a mortgage broker is a free service. Speaking to a professional at Weisz Choice Mortgage Group will cost you nothing and you will learn about the several products that are available. A broker can usually find you a better rate because of their several contacts.  Mortgage brokers will lean on their experience, education and the products that their lenders offer to find you the best deal. All you really have to do is fill out an application.


By now, you’re probably wondering how a mortgage broker gets paid. They can offer you their service at no charge because they are paid through the lender when the deal is placed. The broker can be paid when the deal starts or over the life of the mortgage. All lenders pay the brokers the same rate so there’s no playing favourites to the mortgage brokers they like. Every lender works with the mortgage broker and offers each one the same rates.


Using a mortgage broker will find you a better rate because of their connections and can negotiate on your behalf with more than one lender. This is especially true if you are a unique case. Weisz Choice Mortgage Group works with clients in Hamilton, Burlington, Oakville, Niagara and Toronto. They also have access to over sixty lenders and will find you the perfect mortgage to suit your needs. You can call them at 905-921-2701 or reach them using e-mail at nweisz@weiszchoice.com to learn more with no obligation.

 

Make the Weisz Choice Today!

 

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