The mortgage agent difference
John brings all major banks and other lenders to you at once, instead of you having to go from bank to bank trying to make sense of it all. And most importantly, he will explain the loan to you in plain terms, so you know you are getting a mortgage that’s right for you. Learn more about the Mortgage Process when working with a Mortgage agent by clicking here.
Whether you’re a first-time home buyer, refinancing an existing mortgage, buying a commercial property, or making available ready cash for emergencies, John can help you with a solution that meets your needs. This site is designed as a tool for you to understand how John can help and see the difference that working with a mortgage broker can make in one of the biggest purchases in your life.
What is a mortgage agent?
A mortgage agent is an intermediary working with a borrower and a lender while qualifying the borrower for a mortgage. The broker gathers income, asset and employment documentation, a credit report and other information for assessing the borrower’s ability to secure financing. The broker determines an appropriate loan amount, loan-to-value ratio and the borrower’s ideal loan type, and then submits the loan to a lender for approval. The broker communicates with the borrower and the lender during the entire transaction. The lender pays the mortgage broker a compensation fee for the referral on clients with good credit.