Because a home is so very personal, mortgages tend to be so as well. Mortgages can be metaphors, indicating the amount of time and hard work it took to get to the point where purchasing a home was achievable, and representing the monthly march towards the ultimate goal of complete and total home ownership. Mortgages, perhaps even more so than the actual home, can signify either good or bad things to come
So that’s why it makes sense to shop around for brokers and lenders just as you search for the ultimate home. A good mortgage broker has many qualities, but the main one should be that they understand you, your financial needs and your plans for the future.
Mortgages By Candice specializes in the Calgary, Okotoks and High River real estate markets with a mandate of “Never Say Die” when it comes to you and your mortgage. We will put as much effort into ensuring you are satisfied with your mortgage that you did into earning your new home.
A Good Broker Knows the Art of Planning
Financial planning is an art, indeed, and mortgage planning plays an integral part. A good broker should take the time to sit down with you to take a look at your life’s big picture, and where you would like your mortgage to fit in at each stage. Mortgage planning may involve delving into your career aspirations, your educational future and your plans for a family. All factor in to how flexible or fixed you would like your mortgage to be, and for how long.
A Good Broker Has Options
Mortgage brokers are able to offer far more possibilities for your home loan than large banks or lenders, who have a limited number of products they present. Mortgage brokers are also able to assist those who may have a low down payment or who may be interested in a specialty mortgage of some kind.
A Good Broker Stays in Touch
Other than faithfully delivering the usual once-a-year renewal notice, the broker that you want is one who makes themselves accessible at all times. Brokers who have established newsletters, social media accounts, emails and phone numbers where they can be reached when you need them are ones you should score highly during your broker interviewing process. Real estate deals often don’t happen during the most opportune hours. Quite often, showings are in the evening or on weekends, and your mortgage broker should be available and as involved in the process as you are.
A Good Broker Operates Where They Live
Since real estate and mortgages are so intertwined, your mortgage broker should be familiar with the area in which you are choosing to live. A broker who is unable to offer a good sense of your long-term property value based on the location and type of your home may not be as attuned to the market as you’d like them to be. A good mortgage broker should always be absorbing information about everything to do with home ownership, and keep you appraised of as many of your options as possible.
A Good Broker is Someone You Can Trust
There is a lot you can do with your mortgage that can seem like a good idea at the time. Why not take advantage of currently lower rates and change from a variable to fixed mortgage? Or, what about a home equity loan to fund some much-needed home improvement projects?
Your mortgage broker should be someone you can trust to ask these questions and get an honest and up-front answer. Any change made to your mortgage – such as refinancing – should benefit you in the long run, and your broker should be able to provide an easy-to-comprehend synopsis of what you need to know about your potential decision. A good mortgage broker would never recommend an alteration to your mortgage that would end up costing you more for less when there may be other alternatives available.
If you are thinking about or are currently shopping for a new home in the Calgary, Okotoks or High River area, contact Mortgages By Candice for a no-obligation consultation today. We will shine the light on your home ownership future!