Are mortgage brokers good? The shocking truth!

The post Are mortgage brokers good? The shocking truth! appeared first on Oak Laurel.

Are mortgage brokers good? Yes, some are very good!

Are mortgage brokers good? The answer is YES, there are some very good mortgage brokers! Furthermore, as a general rule going to a broker is better than going direct to the bank. This is true even if you already know which bank you want to use. This is because a mortgage broker will look after you through out the process instead of leaving you up to the bank’s ‘system’. Moreover, with a good mortgage broker, like Oak Laurel, you get ongoing service so that if things change we can help you stay getting a great deal.

Advantages of using a mortgage broker

The advantages of using a mortgage broker include:

More choice of lenders and therefor more choice of loans than visiting a bank.

Bank staff can only recommend the loans that their bank has to offer so may try to convince you to get a product that does not suit you of is not as good as a loan at another bank or lender.

A good broker knows what the banks will not tell you about themselves so you can benefit from their advice.

A good broker will provide better service that what you get going direct to the bank and being pushed through the banks process.

Good brokers can have power in the bank system as the bank will not want to loose other deals by letting down the broker. If you are a single customer they are not as concerned as if they let down a broker who can send them lots of customers.

The loans do not cost any more if you use a mortgage broker.

Mortgage brokers provide a free service most of the time.

The shocking truth about using a mortgage broker vs going direct to the bank or lender!

The shocking truth about using a mortgage broker vs going direct to the bank or lender is…. By going direct to a bank, borrowers are cutting down their options to a small fraction of what they could have using a mortgage broker! Just based on probability, you are probably missing out on the loan that best meets your needs.

Are mortgage brokers good? They are if you use a good one!

So, are mortgage brokers good? Oak Laurel mortgage brokers certainly are!

 

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