A Mortgage Broker is an who independently who seeks to match individuals looking to purchase a mortgage to appropriate lenders who offer consumer mortgages. In North American mortgage Brokers place the majority of all mortgage products to consumers. Inside branch by the financial institutions are nearly one third of the entire market with the Mortgage Brokers picking up the balance.
Mortgage Planners are typically individuals who operate as Mortgage Brokers but offer enhanced services that seek to organize more efficient borrowing and lending services with an overall plan to minimize fees, taxes and increase cash flow. Their primary goal is to maximize an individual wealth accumulation while providing accurate information on Mortage Rates .
Both Mortgage Planners and Mortgage Brokers assume legal, moral and professional liabilities. Varying by province and state , they ensure that consumers are protected. Second opinions are often a good idea for any large financial transaction as long as they do not turn into shopping around trips . When you are asking for a second opinion you should be up front and offer to pay for that professional’s time and expenses. By paying for their advice you enter into a contract and invoke the protection of their liability insurance. Remember free advice is usually bad advice especially if it has anything to do with residential mortgages .
