The Benefits of Using a Mortgage Broker Versus a Bank

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For many people, mortgage payments are their single largest expense. When they go into their local bank and fill out the mortgage paperwork they like believe they are receiving the best deal, but are bank-brokered arrangements really the best deal you can get?

There are so many options available today that going to the bank for a mortgage loan just doesn’t make sense anymore. At any given bank, you are only shown that bank’s products, as well as being up-sold with credit cards, mutual funds, life insurance, and so on. With a private financial advisor, you have various options (bank loans and mortgage deals included).

What are the benefits of hiring a Sky Financial Corporation mortgage specialist over a bank mortgage broker?

– Access to competitive rates. Banks only have their own products to offer whereas our mortgage professionals have almost all of the banks at their disposal plus alternatives that the banks cannot access. With all the options available through their wide array of resources, clients can rest assured that they will receive the most competitive rate to match their individual needs, credit and financial situation.
– Knowledgeable advice. Our brokers offer consultative service, advice and solutions that are customized to each client’s needs.
– We work for you. Unlike banks, our brokers work for you! If you have credit issues, our workers will work hard to improve your ability to obtain financing. They will work out the deal that best suits your needs.
– Speed and convenience. Our brokers will work around your schedule to make the transaction as easy and convenient as possible. You are not forced into making a special visit to the bank just to have questions answered or hand in extra paper work.
– Preserved credit rating. When you shop for a mortgage, there is an accumulation of lender inquiries on your credit bureau report, possibly affecting your credit rating and, ultimately, the rate and terms of your mortgage. This isn’t the case with a mortgage broker; only one inquiry can get many competing lenders to quote on your business.

Sky Financial Corporation – The Mortgage Center offers multiple refinancing options to our clients. Contact us today to schedule an appointment with one of our financial associates. 1-800-472-9791.



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About Sky Financial

We incorporated The Mortgage Centre-Sky Financial Corp. in August 1992 in Edmonton Alberta. Furthermore we opened offices in Fort McMurray, Cold Lake, Grande Prairie, Red Deer, Stettler, Saskatoon, Moose Jaw and Prince George BC.

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