What’s the Bottom Line on Mortgage Brokers

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21 Jun What’s the Bottom Line on Mortgage Brokers

What’s the bottom line on Mortgage Brokers?

Do you have a mortgage?  If so, it may be the right time to contact a Mortgage Broker to shop around for a lower interest rate.   The service is free!  We found a great article in the London Metro on October 18, 2011, by Lesley Scorgie, “What’s the Bottom Line on Mortgage Brokers?”   A few key points are:

  • Brokers with strong networks can often get nearly instant approvals and they can negotiate better rates and terms on your behalf.
  • If you’re keen to stay loyal to your bank, you can ask your independent mortgage broker to negotiate specifically with your financial institution.
  • Get referrals from trusted friends or family members.  Research current rates and structures in advance of meeting with a broker.

Remember, if you can save money on your mortgage, that savings can help you pay off other debts or build up assets.

To get more tips and advice on this topic, click here to read the full article.