I have many friends that shop online and go to dozens of different sites in order to save a few bucks on books, TVs, appliances, etc.
Is this a good idea?
It definitely is if the savings are worth it and you don’t mind taking the time out of your busy day to do all the research.
What about buying a home and getting a mortgage? This is one clear-cut example of why you absolutely need to spend time and do your homework when getting a mortgage. Yes, getting an excellent rate is one part of it, but there are costs that can surface down the road without you even thinking of it now, which can cost you a lot more than you think (this is our specialty at GTA Mortgage Pros)
Lucky for the consumer, your Dominion Lending Centres Mortgage Broker does this work for you. Your Mortgage Broker has access to dozens of financial institutions, corresponding to hundreds of mortgage products… this means that you really do have a one-stop-shop for shopping around. Your Mortgage Broker is an expert at mortgages and will give you the best deal around for your specific situation.
QUESTIONS TO ASK
On the other hand, many clients do choose to consult their bank first; that’s ok! However, if you do go to your bank, it’s best to be armed with the right questions:
In just two or so hours – an hour at your bank and an hour with your Dominion Lending Centres Mortgage Broker – you would have covered 230+ lending institutions. To be clear, you would have covered one lending institution with your bank and 230+ with Dominion Lending Centres!
In my opinion, spending the two hours can potentially save you many headaches and thousands of dollars down the road. In fact, it doesn’t even need to be 2 hours!
At GTA Mortgage Pros, we search all our lenders for you and prepare you 3 different sets of quotes – always 1 of which is the lowest possible rate option – so that you don’t have to spend your time manually shopping around. Best of all this takes just 90 seconds and if you find a lower rate we’ll pay you $100! Get started at: http://www.GTAMortgagePros.com/Apply-Now