Busted! Don’t Believe These Mortgage Myths!
A mortgage broker’s job is to make the mortgage process easier for you by assessing your circumstances thoroughly and then placing you with a lender that fits your circumstances. They have numerous connections and experience to give you valuable advice on the best way to handle your situation. If you have ever tried to buy or sell property on your own, you know how difficult it can get. There are new rules and regulations being enforced by the government regularly, and keeping up with it can be hard. A lot of information goes around and you might find yourself receiving harmful information via untrustworthy sources and might end up making mistakes that could end up costing you a lot of your time and money.
To help you steer clear of these misconceptions, Pash Financial / Mortgage Architects has debunked some of the most widely believed mortgage myths.
Myth 1: Enlisting the help of a mortgage professional is unnecessary
Due to Government Regulations, mortgage underwriting has become very difficult. Many deals fall apart at the last hour due to small mistakes that were not disclosed upfront. It is important for clients to go through mortgage professionals not only to obtain the right mortgage approval but the best rate in the market and work closely with the client to comply with all mortgage conditions. If even one condition isn’t satisfied, the lender will not fund the deal. Mortgage professionals review all documents beforehand, going into small details so that there are NO surprises when closing the deal. It is a FREE service for fully qualified clients.
Myth 2: Shopping around for the best rate will not ruin your credit score
Clients do not understand that each time they approach other lenders, there is a hit on their credit. Going through with a mortgage professional will ensure that your credit is hit that one time and you can then shop around more, deciding on which mortgage professional recommends the best possible deal at the time.
If you’re looking to steer clear of these myths, reach out to Pash Financial / Mortgage Architects, a licensed mortgage professional in Mississauga, ON. As mortgage professionals, we analyze the client’s information and based on the information provided, qualify the client for a mortgage and obtain the mortgage approval, we walk the client through until the deal is closed. We provide services such as residential mortgage, home purchase mortgage, new immigrant mortgage, self-employed mortgage, commercial mortgage, construction mortgage, etc.
We provide commercial and residential mortgage services to clients across Toronto, Mississauga, Vaughan, Markham, Scarborough, Brampton, Caledon, Ajax, Oshawa, Milton, Oakville, Burlington, GTA, and the surrounding areas.
For a complete list of our services, please click here. If you have any questions about Pash Financial / Mortgage Architects, we’d love to hear from you. Please contact us here.