Should you work with a Mortgage Broker?

If you're on the journey to purchasing a home, you may consider whether working with a mortgage broker is right for you. While one can sort through the different types of home loans, rates and benefits, a home loan expert like a broker might be a good option to help speed the process of securing the right lender for your home purchase needs. Before you head to a big bank, credit union or private lender, here's what you need to know.

What Do Mortgage Brokers Do?
Mortgage brokers are licensed and regulated financial professionals who act as the bridge between borrowers and lenders. They originate loans and help you connect with a variety of lenders who best fit your financial situation and needs.

Whether you're purchasing or refinancing a residential property, brokers discuss your financial needs to gather loan options in addition to necessary paperwork, like income and bank statements, credit reports and employment history, to help secure a home loan, as well as providing a personal and tailored client service experience.