What Can A Mortgage Broker Do For You?
So you’re looking to buy a place but don’t know enough information about the mortgage process (fixed rate, closed rate, open rate etc) and you’re unsure of just how much money you’ll need. You obviously want to get the best rate and best deal possible (of course you do, who wouldn’t?).
The first step is understanding what a Mortgage Broker is.
What Is A Mortgage Broker?
Think of a mortgage broker as a professional who is a freelancer. As a Broker we here at GM Mortgages go between the lenders and borrowers (you) to find the best rate and to find a lender who can secure you the money you need. We are paid on commission from the lenders after we secure a good borrower. We don’t work for anyone but ourselves. While many mortgage brokers work under a name we typically only do so to open channels to contact to hundreds of lenders.
A Mortgage broker recruits and seeks out people interested in borrowing money for a home they are looking to purchase but don’t have the money to pay for it outright (most people don’t).
Gm Mortgages gets to know all of our clients. We calculate what mortgage is best for you by finding out what you could be approved of by discussing the options that work best for you in terms of fixed or variable rate mortgages. Once we decide on which one is best we’ll send out your application.
Most borrowers prefer the service of a mortgage broker because they often get better rates then if they went to big banks. Banks expect the borrower to negotiate lower rates but most don’t know this nor do they properly know how. Many brokers have even managed to get approval for clients who may not have great credit history.
Choosing the Right Broker
When it comes to choosing a mortgage a broker can be a big help. There are fees associated with any mortgage broker out there so it’s important that you get your money’s worth by finding a reliable broker and getting the most out of them when you do.
Choosing a mortgage is fraught, but due to the market exploding in recent years the days of choosing a variable or fixed rate are gone. Every lender on the market seems to have a different spin on the product making it more confusing then ever for many first time home owners. This is where a mortgage broker comes in.
GM Mortgages in Valleyview can provide you with special knowledge on the current mortgage market. We always go above and beyond most suited to your current circumstances by negotiating the best rate possible on your behalf with the hundreds of lenders we have access to. We want to provide you the best deal possible and of course have our clients feel comfortable with the right person.
We’re confident in our ability to provide our Valleyview clients with the best options available.
Moving to Valleyview?
The small community of Valleyview is located in northwestern Alberta, Canada and is often dubbed the heart of the Peace Country because of it’s central location to two of the major centers within the region. The town is located at the junction between highway 43 (which leads to Grande Prairie, Whitecourt, and Edmonton) and highway 49 (which leads to Peace River, Slave Lake, High Prairie, and more). Because of this important hub it’s become known as the Portal to the Peace.
Valleyview boasts a small population of around 2000 people which seems to reduce and grow in size on an annual basis. The economy is largely built upon agriculture and the surrounding oil industry and due to a recent bust in the oil economy in the province of Alberta population has reduced slightly.
That being said the community provides a perfect time and opportunity for newcomers to the Peace region to looking into purchasing a home within the community. In recent years Valleyview has been the subject of newer residential and commercial developments and continues to be an important place along highway 43. Homes continue to be built in newer areas meaning lower prices and a better rate for your mortgage.
In recent years there has been a handful of residents from the surrounding community of Grande Prairie who have purchased land on nearby Sturgeon Lake. If you are looking for prime lot rates for a new vacation spot this could be the answer for you. Valleyview is just a short 15 minute drive from enjoying lake life and prices haven’t been as affordable as they are today. Whether you’re buying a home within the community or you’d rather live on neighboring Sturgeon lake it’s important to have the right information before making a purchase.
That’s where we come in. GM Mortgages can help you find the ideal property whether it be in Valleyview or Sturgeon Lake.
If you’re situated outside of Valleyview feel free to check out some of the other locations GM Mortgages serves. We now have office in in Whitecourt and Peace River and can help you find the perfect mortgage for your home or even a vacation home you may be looking for within the Peace Country.