If you want access to the best mortgage rates in the Regina area, you will want to seek out a local mortgage broker as opposed to a bank manager. Taking out a mortgage is a huge decision and therefore you need to choose the best broker for your needs. As such, we are going to discuss what you need to look for in a Regina mortgage broker. So, read on to find out more.
The main benefits of using a local mortgage broker in Regina
One of the main benefits of using a local mortgage broker is just that, they are local. As such, they are on your doorstep to be able to meet eye-to-eye to talk about any concerns or answer any queries you might have.
Many home buyers put their mortgage in the hands of a broker rather than a bank, as brokers can find the best, and usually, the lowest interest rates. A broker can make securing a mortgage more streamlined, even undertaking documentation on your behalf.
How to find the best mortgage broker in Regina
So, you need to find the best Regina mortgage broker in the area, here is what you need to look for:
- The broker is willing to meet in person;
- They have many years of experience in all areas of mortgages including renewal, financing, first-time buyers, vacation home and mortgages for the self-employed;
- Is trusted and reliable;
- Provides excellent advice in a professional and friendly manner;
- Offers effective solutions for mortgages;
- Provides objective advice on finances.
1. Willingness to meet face-to-face
It is all well and good that your mortgage broker is contactable by email or phone but it cannot replace meeting them face to face. Such a meeting will allow you to evaluate them as much as they will want to evaluate you and your needs.
You can only get a true idea of a person by looking them directly in the eye when speaking with them. A personal meeting allows you to ask questions and see the person’s reaction; this is something you simply cannot get over the phone.
A one on one meeting tells you how confident the broker is, after all, if they don’t show confidence, how can you be confident in them?
This can also be a good time to have the broker sell himself or herself to you and explain why you should choose them over others.
2. Experience in all areas of mortgages
While it is easy to find the perfect home in Regina, Canada, finding the right mortgage is not so easy.
You might be a first-time buyer that has found your forever home in the Cathedral area of Regina or you might want to renew the mortgage on your home in The Crescents.
There is no one mortgage fits all and only an experienced mortgage broker in Regina, Saskatchewan will be able to find the most suitable for you.
Mortgage rates in Regina vary depending on different factors and we can find you the best rates possible for the type of mortgage you require. These rates are often a lot lower than most banks.
3. Reliable and trustworthy
It goes without saying, but we are going to say it anyway, your mortgage broker needs to be trustworthy and reliable.
Obtaining a mortgage is costly and you don’t want to find that a broker has added on hundreds of dollars to your borrowing with fees that they weren’t entirely transparent about.
Above all, check to make sure that a mortgage broker is licensed, as we are. Only a licensed broker is trustworthy and can be considered reliable.
4. Friendly yet professional
While your chosen Regina mortgage broker should be professional, they should also be friendly, approachable and attuned to your needs.
The broker is going to be working between you and lenders, to obtain the mortgage product that suits you perfectly.
They should provide you with expert advice in easy to understand terms so you know exactly what you are getting into. They should use terms that you understand as opposed to using complicated and technical jargon that will have your head spinning.
We can build you a mortgage product that is perfect for your needs and finances.
We do this after talking to you about your background, your wants and needs, finances, plans for the future and more. Only after doing this can we show you options you might not have even thought about or knew existed.
5. Provides effective solutions
Your mortgage should be as unique as you are. Therefore, when meeting your Regina mortgage broker they should be able to provide effective solutions to meet your needs.
A good broker will take the time to listen to you before offering effective solutions that meet your needs. They should not only recommend, but also explain in detail why they think it is the best solution for your needs.
6. Offers advice about your finances objectively
When looking for a local Regina mortgage broker you should choose one that not only offers advice about mortgages but which also provides objective advice regarding your finances and financial future.
When considering any mortgage, that mortgage has to be affordable not only in the present moment but also in the future.
A good mortgage broker will be able to refer and connect you with professionals who can further help with finances along with other home advice.
Contact us, the best mortgage broker in Regina
So, now you know what to look for in a Regina mortgage broker. It’s not difficult finding the best broker that meets all of the above requirements, contact us, Atif Mortgages.
You can use our quick and easy contact form to send us a message and we will get back to you. Alternatively, you can give us a call on +1 (306) 551 2853 or drop us an email.
With more than a decade in finances, we are a reliable mortgage broker in Regina with expertise and knowledge that goes well beyond your mortgage needs.