Busted! Don’t Believe These Mortgage Myths!
Whether you’re a first time home buyer, a repeat buyer looking to refinance or switch your mortgage, or need to initiate spousal buyout proceedings, choosing the right lender is essential. With an appropriate mortgage plan that meets your financial limitations and has the best repayment rates, you can easily acquire your dream home with little to no stress about repayment.
However, in today’s world of confusing internet forms, misleading advertising, and rampant online misinformation, getting accurate details relating to home financing and mortgages can be a confusing proposition. For example, the misconception that all mortgage brokers have access to the same pool of lenders is incorrect. And, believing it can result in you not getting the best home financing plan available and missing out on great mortgage opportunities.
To help you steer clear of misconceptions like these, Robin Klassen Mortgage Professional has debunked three of the most widely believed myths about mortgages.
Myth 1: Mortgage brokers charge for their services
When you seek the assistance of a mortgage broker, you don’t have to pay handsomely for their time and services. We work for you, find you the best mortgage options, and file the relevant paperwork on your behalf, but get paid by the lender. This system puts minimum stress on you and enables you to fulfill your homeownership goals with ease.
Myth 2: Banks have all the mortgage options you need
As mentioned earlier, mortgage brokers have access to many lenders, including large corporate banks as well as private lenders. The financing options that a competent mortgage broker can offer will normally far outnumber the mortgage plans provided by a single bank or lending corporation. Finding a mortgage broker with multiple lending options in the finance community will offer you numerous mortgages with the best interest rates fo your individual financial needs.
Myth 3: Poor credit history disqualifies you for a mortgage
While a poor credit history or previous financial issues may impact your ability to get approved for a mortgage, it doesn’t mean that you should completely give up your dreams of owning a home. If you feel the time is right and can afford to handle the extra responsibility of a mortgage but have been rejected by a lender, a mortgage broker can help. Mortgage brokers have a network of lenders they can utilize to find a financing option that is right for you. Further, mortgage brokers can work with you to develop a plan of action to improve your credit.
If you’re looking to steer clear of these and other mortgage myths, reach out to Robin Klassen Mortgage Professional. As a leading mortgage broker in Chilliwack, BC, I have seven years of experience in the industry. Being a mortgage broker allows me to provide the best options for my clients, ensuring that the biggest expense in their life comes with the best terms and privileges, along with a competitive interest rate. My services include mortgage refinancing, investment property mortgages, equity-based mortgages, mortgage transfers, etc. I serve clients across Chilliwack, Agassiz, Harrison Hot Springs, Hope, Abbotsford, The Fraser Valley, Langley, Aldergrove, Mission, and the surrounding areas.
For a complete list of my services, please click here. If you have any questions about Robin Klassen Mortgage Professional, I’d love to hear from you. Please contact me here.