As a mortgage broker, I’m definitely biased towards the value a mortgage broker can bring to the mortgage refinancing process. Whether you give me a call or speak with one of my colleagues, I highly recommend speaking with a licensed broker when seeking mortgage refinancing advise.
In most cases, the use of a mortgage broker does not cost you anything, so getting some professional help for free is something you should take advantage of.
Here are some other things to consider.
First, the mortgage market in general has a large number of lenders with a variety of different programs. For any one mortgage refinancing scenario there can be more potential options than any one person can locate and research on their own. With the help of a mortgage broker, you can quickly zero in on the lending programs most relevant to your situation and eliminate everything else in the process. This can not only be a big time saver, but can help you locate and secure a mortgage program you may not have been able to find on your own.
Second, remember that the process of refinancing pays out and retires your original mortgage(s) and creates a new mortgage with potentially different terms and conditions. So regardless of your motivation for refinancing, getting mortgage refinancing advice from a broker can result in potential adjustments to the terms and conditions in your new mortgage that you may not have thought of on your own.
Third, its always a good idea to work through the costs of refinancing versus the expected benefit to see if refinancing will in fact provide you with the result you’re looking for. Because mortgage brokers deal with the process and related costs every day, it makes good sense to go through everything with your broker to make sure everything adds up and supports the decision to refinance.
Fourth, some refinancing actions can require greater levels of coordination and administration to get everything in place. Part of a mortgage broker’s service is to help you manage all the requirements to complete the refinancing so that everything gets done in a timely fashion without incurring unnecessary costs.
So whether you’re trying to secure a lower interest rate, consolidate debt, or seeking additional funds for a home renovation, find a mortgage broker you’re comfortable and take advantage of the free mortgage refinancing advice that’s available to you.
Click Here To Speak Directly With Mortgage Broker And Refinancing Expert Joe Walsh
I'm a Toronto Mortgage Broker that arranges mortgage solutions on residential and commercial real estate property. With over 30 years of mortgage financing experience, I'm able to quickly assess your financing requirements and provide relevant solutions for your immediate consideration. Joe Walsh Google+ YouTube Channel