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3 Aug

Understanding The Fine Print

General

Posted by: Debra Carlson

Obtaining a mortgage requires extensive attention to detail. Clients are signing, initialling, accepting/declining products, etc. without understanding the “fine print” that could potentially cost them more money over the life of the mortgage. Transparency is essential when it comes to obtaining a mortgage and signing your name on “the dotted line”. An independent mortgage broker does not work for the bank and an exceptional mortgage broker has the clients best interest at heart when disclosing the fine details of the mortgage; they will never tell you to just “sign here”.

Whether purchasing or refinancing a home a mortgage broker will ensure that the client arrives at the lawyer’s office to complete their legal documentation with a full understanding of what the mortgage they are committed to is all about.