An important part of the confidence you will have in your mortgage consultant (courtier hypothécaire) comes from his integrity.
Integrity has been described as being the quality of an honest, incorruptible person, a person whose behavior is above reproach. Can you really say that this is true of your mortgage consultant? Only if you can say that he puts your interests before the interests of the lender. Otherwise, he does not have integrity. - courtier hypothecaire
If you have doubts, it is better to keep up your searh for another mortgage consultant. You should have confidence that the advice and recommendations that he gives you are good for you (and not for him!)
The integrity of a mortgage consultant
Interview all consultants and let them tell you all about their products and rates. Don’t mention any specific products you may be interested in; just let him talk and show you what he has to offer. A good mortgage consultant (courtier hypothécaire) will want to find out about the client’s situation before recommending any products, since there are so many products available and rates alone do not always make a better loan in each case.
There are many loan products and many loan rates.
If the counselor you are talking to starts focusing on rates or products, such as a five year fixed rate, or a variable line of credit mortgage, he is indicating that all he wants is to get a quick loan and you will never hear from him again. You will save the most on your mortgage through small details that accumulate over the years. A good mortgage counselor should be able to help you pay off your home loan as quickly as possible without a negative impact on your lifestyle - courtier hypothécaire.
If the mortgage counselor knows this area well, he should be able to offer a number of solutions (and many lenders that will work for you. Someone who is an expert in this field will have many strategies at his fingertips to discuss with a client.
No conflict of interest.
You should not have to work with a mortgage counselor who is in a position where he has to represent another party more than you. If a bank representative is going to get a bonus because he is able to get a higher rate on a mortgage for the bank, he is not interested in getting a lower loan rate for you.
Mortgage loans are a two way street, with the lender trying to make as much as is possible and the borrower trying to save as much as possible. Make sure your consultant is trying to save you money - courtier hypothecaire.
A long term relationship
Look for an counselor who has a long term management approach to your mortgage situation. Such a broker will be in touch with you annually to review your situation, check on your home loan strategy and give you further advice.
You can find hundreds of mortgage consultants who want to make a fast loan transaction. The secret is to find one who is going to stand by you throughout the years.
Take the time to find a mortgage consultant who:
• Isn’t only looking for one quick transaction
• Doesn’t just shop for interest rates - courtier hypothecaire
• Does not have a conflict of interest between you and his bank
• Saves you money with a good total mortgage strategy
If you want to save money over the long run, this is the way to choose a mortgage counselor.
Gregory is an Accredited Mortgage Professional (AMP) with Mortgage Intelligence. If you need more information about
Mortgage broker - courtier hypothecaire, visit:
Hypotheque - Mortgage Intelligence