Who Assumes The Risk When I Work With A Mortgage Broker In Kelowna
If you’re considering buying a home, you may need to find a lender to provide a mortgage for the property. I’m Ric Lazare, a mortgage broker Kelowna based, and I can help you achieve your goals for home ownership. If you are worried about who assumes the risk in this situation, you can be confident you’re working with a true professional. I’ll answer all your questions and help you in any way that I can!
What a Mortgage Broker Does
Before dealing with risk, you should understand what a mortgage broker does to help you in buying a home. A mortgage broker assesses your financial situation and provides you with multiple options from various lenders.
Rather than just looking at one deal, you can compare home loans with various finance companies, banks, credit unions, and other lenders. Once you find a lender you want to work with, that’s where I come in. As a mortgage broker, I will negotiate for you and help you complete the paperwork throughout the entire process.
How a Mortgage Broker Reduces Your Risk
Working with me, a mortgage broker Kelowna resident, gives you a local edge. Unlike other lenders who work for a bank or financial institution, I work independently on your behalf. My purpose is to understand your goals and financial situation before recommending a mortgage.
I’ll provide multiple mortgage options based on your needs and include a list of comparisons to help you decide which is the best choice. I work with you to complete the application and submit it to the lender once you’ve made your choice. From there, I’ll continue to maintain communication with everyone until the transaction is closed.
Another beneficial aspect of my services is that I’ll compare the overall cost of the various mortgage options. This goes beyond the interest rate or monthly payments. You should also consider prepayment options, penalties, and accessibility of payments. I provide recommendations on mortgage products based on the lowest overall cost and the best fit for your financial goals.
Managing Risk With a Mortgage
When you decide to take on a mortgage to buy a home, you can carry a lot of risks. The final decision is up to you; you must determine if you can afford the terms being offered based on your budget. Working with a mortgage broker reduces your risk. I understand the complicated financial terms involved in these loans and can explain them to you. I can help steer you away from predatory lenders or any loans with terms that make the mortgage difficult to manage. It’s all about setting you up with comfortable, feasible options.
Ric Lazare: Mortgage Broker Kelowna
You don’t have to navigate the confusing world of mortgages alone. With me as your mortgage broker, you can choose the best fit for you among the available home loans. There’s no risk involved in finding out more about working with a mortgage broker; I’m here to help!
Find out what Ric Lazare has to offer and how he can help you by contacting him about your home ownership goals.