Why Chose a Mortgage Broker?
Discount shopping vs. retail shopping! In a “nutshell” that is the difference. While your bank may be a convenient choice we assure you it is most often not your best choice. Your bank or credit union has its bottom line as its top priority. As a result many customers are paying much higher interest rates than we can offer from our discounted rates. Consider this: your $200 000 mortgage offered by your bank, at 6.95%, 5 year term and 35 year amortization will yield $75 417 in total monthly payments (for the full five year term). Offered at our discounted rate of 5.95% it will yield total monthly payments of $67 438 (for the full five year term). That equals a savings in monthly payments of $7 979 over the five years. The interest savings on this same scenario are $9 815.94 over the five years for a total savings of $17 794.94.
(The above scenario is for example purposes only. The rates reflected in this example are not updated regularly. Please contact your Axis Mortgage professional for a completely accurate comparison.)
Many Reasons to use an Axis Mortgage Broker:
- Our discounted interest rates may save you hundreds, if not thousands of dollars. Obviously rate is a big reason to use an Axis Mortgage professional.
- Customizable product. Your bank may have a very limited line of product, or strict lending and repayment guidelines. This will not allow you to take advantage of a lot of policies other lenders have in place to help customize your mortgage. Let us show how you can save, save, save with some of our customizable product.
- Access to many lenders and hundreds of product. Banks are limited to selling only their product whether it is correct for you or not. With our access to numerous lenders and their unique product we will find you the mortgage that suit your needs much better.
- We know you are busy and you may not be able to meet during business hours. While we do encourage meeting at our office in order to have the proper technology accessible during our meeting with you, we are happy to meet at a time that is more convenient for you.
- We will help preserve your credit rating. We will access one credit bureau and send that same bureau to as many lenders as required in order to get your approval in place. If you were to have numerous banks access your credit your score may drop enough to effect the mortgage you qualify for.
- Guaranteed rate drops. In a volatile mortgage market we continually see interest rate increases and decreases. Our guarantee to you is that if rates increase, you will receive the lower rate originally offered to you (90-120 day max. rate hold from most lenders). Should rates decrease from the time of your approval until your mortgage funds you will be given the lower of the rates.
- Let us save you time. How long would it take you to see 10 different lenders in search of the perfect product? Probably 10 times longer than it would to have us see you once, and still secure you that perfect product. By having us shop for you, you can use your valuable time for other necessary things in life.
- We are live, not animated. When you call our office you will speak to a very friendly, live, receptionist. And you will also speak directly to your friendly mortgage associate. In today’s era of technology we are sure that the bank’s automated voice system is not too appealing to you.
- We don’t have generalized knowledge, we have specialized knowledge. Our expertise is in mortgages. We don’t sell RRSP, savings plans, GIC’s, auto loans, etc. like so many of the personal bankers out there. We do mortgages, period. With that comes the level of specialized knowledge that you deserve.
- We work for you, not the lender. We are not worried about the bottom line of some large lender. We aren’t worried about our Christmas bonus if we don’t sell enough of a certain product. We have no biases. We are working directly for you.
- Please call or email us. We are sure you will see the difference!
