Why Use A Mortgage Broker?
Mortgage Brokers are independent, trained professionals licensed to represent you. We work hard to match you with your perfect rate and mortgage product!
With access to over 50 lenders including banks, credit unions and monoline (mortgage-only) lenders, we know where the best rates can be found! We also have the experience to know what lenders and products will fit your unique situation.
We work hard for YOU and NOT for the bank!
While bank “mortgage specialists” are limited by their own rates and products; we seek out the best lender, product and rate to match your specific situation.
Choosing the wrong mortgage product can cost you thousands. Let us do the shopping around for you!
Other than rates, why should I use a mortgage broker?
At Illuminate Mortgage Group, we strive to provide you with the best client care in the industry. We are here for you every step of the way – from pre-approval, to your move-in day, to your mortgage renewal. We actively monitor your mortgage between renewals to watch for any money saving opportunities; even saving some clients thousands of dollars in the process!
We also deliver 24 hour turnarounds on our pre-approvals so you don’t have to wait weeks to get a meeting at the bank.
Learn more about why working with US might be best for YOU!
As mortgage policies change, we are always updating our video library with fresh content. Check out our video below to see why a mortgage broker may be right for you!
Mortgage Broker
Works for YOU to make sure your chosen lender and mortage is the best available for your situation.
Access to over 50 lenders and their full slate of mortgage products (including some major banks).
Able to compare rates between lenders to ensure you’re getting the best rates on the market for your situation.
Our monoline (mortgage-only) lenders use your ACTUAL RATE to calculate any payout penalties – making them the lowest on the market!
A pre-approval you can count on! We look at everything up front so there are no surprises once you’ve found your dream home.
Help for the life of your mortgage! We are with you through each renewal to make sure your mortgage is still suiting your needs. We also actively monitor your mortgage for any money-saving opportunities!
Options for clients with unique financial situations, like past bankrupcies or poor credit.
Great client care and experience – personalized service, faster response time and the ability to talk and ask questions without scheduling an appointment!
vs
Bank "Mortgage Specialist"
Works for the BANK.
Only has access to their own mortgage products.
Can only offer their own rates, and bank rates are often higher than the industry standard.
HIGH PENALTIES. Banks use the posted rates to calculate any payout penalties, which can end up costing you tens of thousands of dollars!
Generally only does a “pre-qualification”. This means nothing is verified until after you’ve written an offer and can lead to a lost home if you don’t qualify!
Only helps with your initial purchase. At renewal time, you’ll be matched with bank employee at the branch level who you have never met and who doesn’t know about your specific needs. Your mortgage is NOT monitored for money-saving opportunities.
No options for people who do not fit in their “box”.