Why Use A Mortgage Broker?
Sumex Capital offers the best customer service, and can secure competitive rates, for loans, leases, subordinated debt, or equity financing to satisfy our customers. Our industry knowledge and experience allows us to move quickly and ensure that the solutions are competitive.
Sumex Capital offers diverse solutions giving us the ability to capture markets and take care of our valued customers. In today’s fast-paced business environment, many businesses lose track of the most important aspect of business; taking care of their customers. At Sumex Capital, customer satisfaction is our top priority. From application through funding, our team is always available to take care of our customers.
Should you have any further questions, please feel free to contact us and we will promptly assist you in any way that we can.
Mortgage Brokers are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs.
Mortgage Brokers primary expertise is locating funding for mortgage financing. They know where the best rates can be found. They also have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.
Mortgage Brokers represent you, the customer, not the lender. Because they are not employees of a lending institution, Brokers are not limited in the product they can offer you. Brokers seek out the best lender package to suit your specific situation, whether it’s with a Chartered Bank, Trust or Insurance Company, or Private Funds.
There is a wide assortment of options and features available to homebuyers today. Shopping around takes a lot of time and effort. The mortgage process within today’s very competitive marketplace intimidates many Canadian homebuyers. It pays to work with a mortgage professional who will represent you and ensure the mortgage you get is the one best suited to your needs.
Choosing the wrong mortgage can cost you thousands of extra dollars. Mortgage Brokers are trained professionals who can help you save on your mortgage dollar.
In addition to rates, because mortgage-based financing is the broker’s primary business, he or she has developed expertise in what type of mortgage financing each lender prefers to pursue. This kind of knowledge not only results in the most favourable rates for each project, but often whether a project is funded at all.
Interest rates are a concern to borrowers. Because of their daily contact with lenders, brokers know which project or home attracts a favorable interest rate from one institution, but a higher rate at another. Some institutions, in fact, will only accept mortgage submissions from mortgage brokers.
These rates, and preferences for types of mortgages, can change daily, depending on economic circumstances or based on the size of an institution’s portfolio in a particular type of mortgage.
Your Mortgage Broker keeps current and knows which lender to approach first. As a result, mortgage rates obtained by Brokers are among the best available at the time of placement.
A professional presentation to a lender on the first application will get the best response and save you valuable time and money. Secondary applications with previous credit bureau inquiries may be more costly.
Often the success of obtaining mortgage approval depends on the way a proposal is presented and to whom it is sent. Your Mortgage Broker is trained to present your mortgage proposal where and how it will get the most immediate, positive result.
You don’t call an insurance company for insurance – you use an insurance broker, because of their expertise, product knowledge and rates. So remember, call your mortgage broker first!
For most residential mortgages that are secured through banks or primarily mortgage lenders, the Broker is paid by the lender. This means that there is no cost to you, and you still get a rate that is equal to or better than what the lender would provide you directly.
Brokering financing for any type of real estate, or financing that is secured by real estate is can only be done by licensed Mortgage Brokers. And although Brokers can place all types of loans of this type, they often don’t have the experience to understand the business issues.
Sumex has a been providing business financing and management consulting services for businesses since 2001. We have the knowledge and experience to help with commercial financing of most types in addition to residential mortgages.
The lenders who work with Mortgage Brokers include traditional sources, such as chartered banks, trust companies, as well as corporate and pension funds. In addition to these sources, brokers often develop professional relationships with private sources of funds, termed private lenders. These lenders can provide many various mortgage products not available at conventional sources.
Yes, letting a Mortgage Broker represent you to your own financial institution can often result in a better rate than you could get on your own.