Tuesday, 22 April 2014

You and Your Broker: A Complicated Relationship

Still remember that first consultation with your mortgage broker in Vancouver? Picture it again. Like any relationship it begins with initial hesitation and insecurity. You wonder if you really need this service. Couldn’t you take care of this mortgage on your own? But your friends all gave you the same advice. Maybe you feel awkward as the broker begins to assess your financial history. There are so many questions to answer. Your income… Your outgoings… Your personal debt… Everything is scrutinized and measured. Then bit by bit the conversation comes around to the future and you begin to create a plan. Using all this information, the broker begins to outline your priorities and draw a road-map. How much do you want to borrow? How soon will you require the funds? What are the costs of the transactions?

Then with all this information in hand, your mortgage broker in Vancouver sets out to negotiate with your bank for the best possible deal. Flash forward a few years and here you are again in the same office. There are three cups of coffee on the desk amongst files and folders and letters from your lender. This time your spouse is sitting next to you. You’re both thinking about the mortgage renewal, due later on this year. The relationship with your broker is more comfortable now. You’ve come to trust the firm over the years.  You’ve begun to see it as a long-term relationship playing out over the lifetime of your mortgage. Your credit repair issues are now cleared up. Things are looking brighter. You’re even thinking about purchasing another property. But not this year.

Lending Experts in a mortgage broker in Vancouver sensitive to your needs and aspirations. Our success is in the mutual trust we enjoy with our clients. Over the years we get to know you, just as you get to know us. 

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