
Will using a mortgage broker affect my credit score?
A credit check is necessary, but we aim to minimize credit inquiries by determining the best lender fit before making a formal application for financing for your Cultus Lake home.
How long does the mortgage process take with a mortgage broker?
This varies, but we strive to make it efficient by managing paperwork and lender communications for Cultus Lake clients.
What's the difference between going to my Cultus Lake bank versus a broker?
Your bank offers only their products. A mortgage broker offers products from many lenders, giving you more choice and impartial advice.
Can a mortgage broker get a better rate than my bank?
Often, yes. We access wholesale rates and can negotiate on your behalf due to the volume of business we provide lenders in Cultus Lake, as well as in other cities and provinces across Canada.
How does a mortgage broker get paid?
In most cases, the lender providing your mortgage pays us a commission. Our services are typically available to Cultus Lake clients at no direct cost.