subject: Ways that Calgary mortgage brokers could help you save money [print this page] Over the past few years, mortgage interest rates and housing prices across the world have fallen to such low levels that purchasing a home seems like a better idea now than ever before. Unfortunately, for those looking to purchase a house or condo in a major market, such as Calgary, getting a mortgage can be very difficult or too expensive. For those looking for a way to save money on their mortgage, working with a Calgary mortgage broker would be a great option.
The first way that Calgary mortgage brokers could help you save money is by finding you the best possible interest rate. While requirements to get a mortgage have tightened in the last few years, every bank has a different underwriting system. Because of this, you could get a much better rate from one bank than from another.
By working with a mortgage broker from Calgary, you could quickly obtain quotes from many different lenders that are willing to offer mortgages to people that are looking to buy in the area. This process will allow you to choose between the best offers.
Calgary mortgage brokers could also help you save money by negotiating with the lenders. Since mortgage brokers bring a significant amount of business to mortgage lenders, the lenders are more willing to negotiate with brokers than with individual borrowers. By negotiating a better rate, or lower origination fees, you could save thousands of dollars up front or over the course of the mortgage.
The third way that Calgary mortgage brokers could help you save money is by getting you discounts on other required services. Most mortgage brokers keep relationships with appraisers, inspectors, and realtors. By using your Calgary mortgage broker as your referral source to one of these service providers, you could obtain a significant discount off the cost.
Ways that Calgary mortgage brokers could help you save money
By: AbbieSmith
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