Why do you need a broker for a mortgage?
Having a mortgage is a big decision because with that you are going to enter into a relation of business and liabilities with a bank. With this you become bound by legal terms. When you are willing to make yourself bound legally and financially you’ll definitely want that deal to be most beneficial to you. But how to do know that you have the most profitable deal when you have only checked the market once? The brokers are always in the market so they are well informed about the trends and graphs. They know the pros and cons of all banks and their rates. They also know from where one can get the best deal. So when you take a decision of taking a loan, it is best to counsel a broker, because he will not only tell you about the rates etc., but he can also guide you on choosing a better option according to your need. For example if you are looking in Red Deer for Home Loan , and you are not able to provide a proof of income because the type of income is not acceptable, for such rules that...