Why use mortgage brokers?
If you want to save time, reduce your legwork, understand all your options and make sure you find the best possible mortgage deal - a mortgage broker is the ideal solution. The best news is that you can get started without even leaving your house or office.

Take advantage of the expert knowledge provided by a Verico Brokers for Life mortgage professional to make an informed choice about your next home mortgage.

• Access to numerous lenders & products
• Products available exclusively through mortgage brokers
• Works on your behalf
• Access to new products immediately
• Free of charge (O.A.C.)
• Long term relationships
• One credit pull
• Monitors interest rate drops

Mortgage broker (specialist) vs. Bank representative
When you're looking to get a mortgage loan, you may work with a bank representative or you may choose to work with a mortgage specialist. People often confuse the two job types even though both will glean the same results: a new home. However, it is important to understand the difference between mortgage brokers and bank representatives so you know what to expect from them during the home mortgage application process.

A mortgage associate is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan.

Mortgage associates are an intermediary between you and the lending institution, which can be a bank, trust company, credit union, mortgage corporation, finance company or even an individual private investor. A mortgage associate will analyze your financial situation to determine which mortgage lender is the best fit for your mortgage financing. He or she will submit your mortgage proposal to one or more lenders and works with the chosen lender until the transaction closes. In most cases the commission is paid by the mortgage lender.

Mortgage associates work independently from any one financial institution and work for the prospective mortgagor(s) to secure the best financing solution for each client(s).

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