How to Pick the Right Guelph Mortgage Broker

Aside from getting married, buying a home is the largest decision you will make. If you are planning on buying a home in Guelph, then you will need to hire a Guelph mortgage broker. We have compiled these suggestions to help you select the best mortgage broker Guelph has to offer.

Not All Guelph Mortgage Brokers are Created Equal

Mortgage brokers are licensed by the Financial Services Commission of Ontario or FSCO for short. While these individuals must meet government requirements for ethics and knowledge, it is not enough. You need someone who knows the in’s and out’s of mortgages and that takes a Guelph mortgage broker who is an Accredited Mortgage Professional. The easiest way to find out if your mortgage broker you are reviewing meets this requirement is to look at the end of their name, it will have the “AMP” designation.

After identifying all of the Guelph mortgage professionals that have the AMP certification, you need to start digging deeper.

  • Does the Guelph mortgage broker focus solely on mortgages? There may be some mortgage brokers who have additional jobs aside from this one. It would be in your best interest to work with a mortgage broker who focuses solely on mortgages. If you engaged the services of a Guelph mortgage broker who had alternative forms of employment, it could lead to distractions that impact your ability to get a great deal.
  • Does the mortgage broker work with a prestigious mortgage company? While it is important to secure the services of a great mortgage broker in Guelph, you also need to make sure the company they represent is also top tier. These top tier mortgage brokerages are able to give their clients the most competitive offers in the market.

When you have established which Guelph mortgage brokers meet the requirements we just touched on. It is time to schedule meetings with them to find out what mortgage options are available to you. Do not worry about high pressure sales, these mortgage brokers are working on your behalf so they want to ensure a great mortgage experience.