In the latest episode of “Make Money Count,” we explore an important topic for anyone looking to secure a mortgage: how to pick the right mortgage broker. Drawing from an insightful article by Rob McLister in the Financial Post, we break down the key factors you should consider to ensure you make the best decision for your financial future. Here’s a recap of our discussion, along with some unique perspectives from the Cannect team.
Episode Highlights
Experience and a Proven Track Record
One of the first things to look for in a mortgage broker is their experience and track record. According to McLister, a full-time broker who has closed at least $10 million in mortgages in the past year is a strong indicator of reliability. At Cannect, we’ve exceeded this benchmark significantly, having recently surpassed $6 billion in mortgages. Our team’s cumulative experience of over 100 years ensures that you are in capable hands.
Unbiased Guidance: Why Commission-Free Matters
A distinguishing feature of Cannect is that our staff are salaried, not commissioned. This means our team’s primary focus is finding the best mortgage solution for you, without any vested interest in pushing specific products. This unbiased approach is critical in ensuring that the advice you receive is tailored to your needs, not driven by potential commissions.
The Smart Choice for Your Mortgage Broker
A genuine broker shops around instead of pushing products from just one or two lenders. At Cannect, we make lenders compete for your business, ensuring you get the best deal. Responsiveness is crucial when dealing with mortgages, which is why we’re open from 9 AM to 9 PM, 7 days a week, ensuring we’re always available when you need us. We also prioritize understanding your 5-year plan before recommending a mortgage product, helping you avoid costly penalties and mismatched terms.
Cutting-Edge Technology for a Seamless Process
In today’s digital age, having an online portal that streamlines the application process is essential. Cannect’s borrower portal allows clients to easily apply, upload documents, and track the status of their applications in real time. This technological edge not only simplifies the process but also keeps you informed and in control every step of the way.
Choosing the right mortgage broker is critical. By considering factors such as experience, unbiased guidance, and technological support, you can ensure that you are making a well-informed choice. As Canada’s top independent mortgage source, Cannect excels in all these areas, with our focus on putting our customers first. For more information, check out our latest “Make Money Count” episode and visit our website.
