For the inexpensive method of working through an independent mortgage broker, lenders allow brokers access to wholesale lending rates for the market. Putting mortgages out through their branches is an expensive way for banks to get the business. Paying only for good mortgages successfully brought into the bank/lender is a cheaper and more effective way to build their mortgage portfolio.
When you shop Financial Institutions directly by yourself, your credit bureau is pulled each time and this will, in itself, reduce your credit rating each time. If your mortgage application, for whatever reason, is declined you will have to begin the process all over with another Lender. When you deal with a Mortgage Logic broker only one credit bureau is pulled and shopped to the appropriate Lender, or lenders, for review and approval.
Contact Us to proceed with getting the best mortgage at the best rate on the market.