Why choose to go through a broker for your real estate loan?
Whether it's your first or tenth purchase, it's worth taking advantage of all the support you can get to get the best home loan.
The real estate loan broker is "the person" to consult if you wish to invest in your main residence or in a rental investment.
Thanks to his expertise, he will help you find a financing adapted to your profile and this thanks to his network of partners (banks).
What are the advantages ?
A gain of time
After having studied your project, your situation, the first task of the real estate loan broker consists in comparing the various offers of the banks and their conditions for you (according to your profile and your criteria), a time consuming task if you do it yourself.
As a private individual we usually have 1 to 2 banks to question, the broker usually has about ten and his knowledge of the offers and their flexibilities is an asset for you.
Your mortgage broker becomes a partner that the banks know and trust.
He has easier access to the right interlocutor and will be able to put your file in value.
Save money: Get the best offer
Brokers have an extensive network and can therefore contact all banks to present your project. They are well placed to negotiate interesting credit offers for their clients. They know the specificities of the loans of the different banks and can obtain more favorable conditions:
- Interest rate
- Advantageous offers
- Preferential conditions on certain fees,
- Borrower's insurance
- etc.
How much does a broker cost?
Note that a broker will not charge anything before the signature of the deed.
His fees are a % which will be indicated in the mandate that you will sign.
In most cases, this commission is largely compensated by the time and cost savings realized by using a broker.
When to use a broker?
It is often advisable to use a broker before talking to your advisor, so that the rate offered by your bank is not frozen.
How do I use a mortgage broker?
It is possible to find contacts / comparative sites online, it is also possible to ask your real estate agency for recommendations.
For more information contact us.
