If you have decided to take the first step onto the property ladder, it can be an extremely exciting time and it almost signals the start of the next chapter of your life. Therefore, it can be quite easy to make bad decisions but this can be fatal when choosing a mortgage lender. Not only can you get stuck into paying more money than necessary, you could be left with poor customer service and all sorts of other issues.
With this in mind, we have compiled some simple tips for choosing a mortgage lender below!
Search the Market
Whenever you buy anything these days, the internet provides a wealth of comparison information so you can find either the cheapest rates or the one that suits your needs the best. At Benson Mortgages, we have helped thousands of people because we work with numerous different banks and even private lenders. Rather than aimlessly searching and filling out hundreds of forms for quotes, why not pay us a visit today?
Over the years, we have optimized our service and can now help you to find flexible payment terms that suit you. Often, we get distracted when looking for a mortgage lender by what our friends have done in the past. However, this is no good because you need to find a mortgage that fits with YOUR needs. With access to various options, we can help.
Look for Experience
Whilst other industries don’t require too much experience, there is a reason why there isn't anybody running a mortgage company from their front room. During your search, you will need to check the experience of each lender to ensure they have stability and can offer what you need. If you choose a lender with very little experience, one small hiccup in the economy and you could be in trouble.
At Benson Mortgages, we have over 15 years of experience in the Canadian real estate markets so we know exactly what we are doing. Over the years, we have seen many changes and we have learned the best ways to operate. When you first approach us, we will assess your finances from every available angle and then utilize our skills and experience to provide the best solution. This, coupled with the fact we work with so many banks and private lenders, means that your chances of finding superb rates are high.
Emphasis on You
Let’s not forget, this is a decision that will affect you and your finances for the rest of your life. Whilst the person helping you will forget your name by the next day, you will be living with the consequences for the largest portion of your life. Therefore, you need a service that will look after your needs and always keep you in the forefront of their thinking and this is something we do at Benson Mortgages.
When you contact a bank, they know that you have already made the decision to go with them so you are already at a disadvantage. When you choose us, the market is still an open book and we will cater to your needs to find the best rates.
Your Credit Rating
Finally, we should also mention your credit rating because this will play a huge role in choosing a mortgage lender. To finish, we would like to note that bad credit isn't