If you're thinking about buying a home, one of the first steps almost every buyer starts with, is getting pre-approved for a mortgage. Below are some of the many advantages of doing this key first step in your home buying journey.
Read Below For Our Guide On Where To Go For Mortgage Brokers In Calgary
This will move you one step closer to home ownership
You'll discover how much home you can afford. Allowing you to truly narrow and refine what homes you should be looking at.
Demonstrate your worthiness to sellers in your offer. Whether this be the removal of a condition, or the ability for your agent to leverage your purchase power in a situation where you're in multiple offers.
Minimize or reduce waiver timelines within your offer, making you more of an ideal choice for sellers.
Gives you advanced notice of any credit issues that could be repaired prior to purchase.
Affords you the option to setup budgets prior to purchasing, giving you an idea on how much you can spend on other items including furniture, moving expenses, etc.
The ability to lock in rates in the event that they rise prior to your home purchase.
Calgary is home to some incredible mortgage brokers and of course all of the major banks in Canada operate in the city, we are also very lucky to have other financial institutions locally, including ATB, First Calgary, Servus Credit Union, and others!
When it comes to selecting the right financial institution for your next (or first mortgage) the choice isn't so easy. Many clients of ours fall into the convenience trap, that's when they simply go to their bank and are matched with a financial advisor (Who is often not even a dedicated mortgage professional) and inquire on what they can get from the bank. Sure, your bank has your business and they should be incentivized to keep you in house, that doesn't mean you're always getting the best rates, and terms in your mortgage.
This is where a mortgage brokers come into play, the first benefit is that you shouldn't be paying for their services, mortgage brokers are paid by financial institutions for bringing your business to them, much like an insurance broker. The benefit for you is that mortgage brokers we work with are putting your application in front of many lenders, including the big banks, and encouraging them to compete for your business. This system provides our clients with the best rates, and terms for their purchases.
As a high producing and high volume team, we have worked with many different services and brokers, while we do have preferred mortgage brokers that we work with we still encourage clients to perform their own due diligence and research.
We have invested with Calgary Mortgages, a unique platform dedicated to finding the top mortgage professionals in the industry and ensuring they compete for your business properly! When you utilize the Calgary Mortgages Pre-Approval Application (seen below) your application will be sent to multiple mortgage agents who will put their best foot forward with their preferred lenders and compete to generate you the best mortgage deals.
Don't forget to check out reviews of potential mortgage agents, with a service that is almost entirely customer service focused, it's easy to separate the good from the bad, a simple Google search will get you very far in your efforts to finding the best Calgary mortgage brokers in the business!