This is a common question that we get. Why do lenders offer different rates to different clients? There are several factors that go into what rates are offered to clients. Lenders look at credit, income, property condition, whether the property is a personal home or an investment home (rental), whether the mortgage is insured or […]
The simple answer…. Choice! Unlike your bank representatives, mortgage brokers have access to numerous lenders including banks, credit unions, trust companies and more. This allows brokers to assist all types of clients. You may have heard of brokers helping people that have had (or have) credit issues, those facing income challenges, or others that are […]