Your Mortgage Broker: A Source for Financial Solutions
May 26, 2008 by Danuta Levitzki
Filed under First Time Buyer, Mortgage & Financing
A mortgage broker can assist you in ways that go well beyond offering great rates.
Many people think of a mortgage broker as someone who can help them get a good rate on their mortgage. While this is certainly true, a mortgage broker can also help you with much more than that.
A mortgage broker is a licensed financial professional with whom you can form a long-term relationship that can extend to various types of financing. Here are some examples:
- If you have an upcoming expense, such as sending your child to college or university, your mortgage broker can help you cash out equity in your home or secure a home equity line of credit.
- If you are looking to buy a cabin or lakefront property, a mortgage broker can help you with financing for it.
- Little-known fact: If you are having problems meeting all of your financial obligations, a mortgage broker can help you consolidate your debts by securing a debt consolidation loan, so you have just a single, manageable payment every month.
- If you want to finance a renovation or other major expenditures, your broker can help arrange suitable refinancing options.
- When it’s time to renew the mortgage, your broker can find a competitive mortgage program and interest rate other than your current bank or financial institutions resulting in further savings.
- Mortgage brokers may also be able to give you information about legal services for buying a home and recommend realtors, appraisers, and home inspectors.
Written by: Danuta Levitzki.
Conseillère en Financement Hypothécaire | Mortgage Loan Specialist.
For current interest rates or to get more information on mortgage financing feel free to visit Danuta’s website at www.HYPOTHECA.net or call direct at 1-800-605-6154.
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Posted by: Danuta Levitzki, Conseillère en Financement Hypothécaire | Mortgage Loan Specialist
For current interest rates or to get more information on mortgage financing feel free to visit her website at Hypotheca.net or call direct at 1-800-605-6154. 
Great post. I would also like to add that someone should do a background check on their mortgage broker. Especially after what happened with the credit crisis and so many people loosing their homes it is very important to know your mortgage broker before you proceed with financing.
Ca Refi…
Shaun Donovan, the Secretary of Housing and Urban Development (HUD), dropped a bomb shell in a speech to the National Association of Realtors today. HUD, the administrator of FHA will soon allow the 8,000 first time home buyer credit to be“ monetized” …
I am not really sure how this news affect the Montreal Market…but in any case, your comment is published