Established Credit

Are you Established with a Solid Credit History?

If you are a well established borrower with a solid credit history, secure employment and an investment portfolio or other equity holdings, then you have the power to demand significantly better-than-market rates. The key to negotiating significantly lower rates and better terms than currently-advertised offerings is to know which lenders are currently looking to expand business. Your mortgage broker couples this with a knowledge of how the lending industry works. If you know how to ask the right questions and approach the right lenders with your business at the right time, then you can often negotiate rates a full percentage point or more off posted offerings. The key is knowing first what rates are available, from whom and how to approach the appropriate lenders. This is where the expertise of a mortgage broker comes into play. Your mortgage broker knows the mortgage business and will work to match your specific needs and credit strengths with those lenders that aggressively want your business - often after your mortgage broker has addressed their typical cautions. If you are tired of paying the going rate for mortgage money and have a credit history that makes you secure and low risk, then your mortgage broker can offer you solutions that will save you mortgage interest dollars year after year. For many people a mortgage is the largest financial transaction of their lifetime and a few tenths of a percentage point in rates over the life of a mortgage will result in thousands of dollars saved. With zero cost to the borrower to use a mortgage broker, it simply makes no financial sense to keep paying more than you have to. Give yourself a raise today!