It has been labelled as red hot, a freak show and dizzying; yes, the Vancouver property market trend has dazzled the world. Homes are hot in the city and analysts say this is only one of the two cities in the country that have defied the slowing growth in real estate, the other being Toronto. Well, if you are buying your home, you need to visit a mortgage brokerage firm. These mortgage professionals understand the market and connect you to the lowest mortgage rates lenders. What’s more, they save you valuable time to ensure you get that dream home in no time.
But there is a catch; with so many brokers in the city, how do you choose the right one? Here are some ideas:
1. Licensing
The Canadian Association of Accredited Mortgage Professionals regulates the conduct of these professionals. Before discussing your home equity loan needs with a broker, check whether they are accredited by the body.
2. Recommendations
Ask friends, family and colleagues about the best mortgage specialist service in Vancouver. Log in to private lenders forums to get reviews and recommendations before picking the best professional.
3. Expertise
Is your broker trained and certified? Can they help with debt consolidation solutions in Vancouver? These are things you must verify before you identify the right specialist to work with. You should ask about their work rate and track record. It is important to work with an expert who understands all complexities around first or second mortgage packages.
