Mortgage Brokers: A resource
to help achieve all of your financial goals
Some people think that the only time to reach out to a mortgage broker is when they’re in the market for a new house.
But as you’ll see below, mortgage brokers can assist you with a variety of financing needs at every stage of your (adult) life.
In 2023, tens of thousands of Canadians used the services of a mortgage broker, including nearly 50% of first-time buyers.
A resource to count on at every stage of life
For many of those clients, the broker’s services extended well beyond the initial house purchase.
Here are some of the additional ways in which a mortgage broker has your financial well-being at heart, whether you’re a first-time buyer or a senior considering a reverse mortgage.
An upcoming mortgage renewal
Even after working with a mortgage broker on their home purchase, many borrowers don’t think to reach out again when their mortgage term comes up for renewal. Instead, many take on the stress and hassle of renewing and negotiating with their lender on their own.
But why go at it alone when I’m in your corner? The benefit is usually a more competitive rate, either with your current lender or–if financially viable–with a new one.
Purchasing an investment property
Maybe you already own a home and are considering adding an investment property to your holdings. If you’re not an experienced investor, the process can be overwhelming as there are many differences compared to purchasing a primary residence.
Refinancing to access your home equity
Whether you want to lower your monthly mortgage payments, lower your overall monthly mortgage and credit card payments or access some of your home equity through a refinance, which essentially replaces your current mortgage with a new one, I can help you explore your options.
Securing a reverse mortgage in retirement
Reverse mortgages are an increasingly popular way for those aged 55 and over to access the equity in their home to assist with retirement. If you’re considering a reverse mortgage, a mortgage broker can help you understand the various providers and products available and help you narrow down which options may be best for you.
Questions or concerns about your mortgage or financial situation
Do you find yourself losing sleep over rising monthly mortgage payments or debt loads that are becoming unmanageable? Or have you experienced a significant change in your financial situation since you secured your mortgage–such as a job loss, a change in income or marital status? I can help you explore the options available to you in order to improve your situation.
Bringing a wealth of resources to your fingertips
As a mortgage professional, I bring my experience, my knowledge and my networks–including in real estate, insurance and wealth management–to each client I work with.
While your banker may change, I remain your financial partner for life. Contact me today to see how I can be of assistance!
Source: Charlene Demchuck-Nelson
https://www.mortgagehomedirect.ca/
Key Takeaways
| Role of Mortgage Brokers | How They Can Assist |
|---|---|
| Resource for Life Stages | Mortgage brokers assist with financing needs at every stage of your adult life. They serve as a dependable resource throughout your financial journey. |
| Mortgage Renewals | Mortgage brokers can assist with the renewal process, helping secure more competitive rates and lessening the stress of negotiations. |
| Investment Property Purchases | Brokers provide guidance when purchasing investment properties, making the process less daunting for inexperienced investors. |
| Refinancing | Mortgage brokers can help explore options for refinancing to access home equity, lower monthly payments or consolidate debts. |
| Reverse Mortgages | For those 55 and over, brokers can assist in understanding and securing reverse mortgages, allowing access to home equity for retirement. |
| Financial Consultations | Brokers can provide advice for financial concerns, such as rising monthly payments, unmanageable debt loads or significant changes in financial situation. |
| Access to Resources | Mortgage brokers leverage their experience, knowledge, and networks to assist clients in all aspects of real estate, insurance, and wealth management. |