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What is the role of the mortgage broker

Mortgage Broker in Quebec - Everything You Need to Know

If you're looking to buy a house, refinance, or transfer your mortgage in Sherbrooke, Montreal, Gatineau, Trois-Rivières, or anywhere else in Quebec, it is essential to understand the role of the mortgage broker.

The Role of the Mortgage Broker

A mortgage broker is your ally in finding the perfect mortgage loan. They help you find the best offers by negotiating with lenders.

Valuable Tips

To enhance your experience, here are some tips:

  1. Evaluate your financial capacity.
  2. Compare loan offers.
  3. Negotiate advantageous interest rates.
  4. Let the broker handle the details.

The Broker's Commission

A broker's commission is typically paid by the lenders, which means you, as the borrower, usually don't have direct fees.

FAQs About Mortgage Brokers

  1. What is the purpose of a mortgage broker? They find the best loan offers.
  2. Can I save money with a mortgage broker? Yes, they can help you get advantageous interest rates.
  3. Do I need to pay the broker? Generally, no.
  4. Can I use a broker for refinancing? Yes, they can assist you with refinancing.
  5. Can I use a mortgage broker for my mortgage renewal? Yes, they can help with your renewal.

In summary, a mortgage broker is an asset for any homebuyer in Quebec. They can make the difference between a good deal and financial troubles. For personalized advice, contact us. We are here to guide you through this important process.

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RATES OF

2024-11-22 00:00:00

TERMS BANKS MORTGAGE PLANNERS
6 months Fixed 7.85% 7.50%
1 Year Fixed 7.74% 5.84%
2 Years Fixed 7.34% 5.54%
3 Years Fixed 6.94% 4.34%
3 year closed Variable 7.35% 5.95%
4 Years Fixed 6.74% 4.29%
5 Years Fixed 6.79% 4.24%
5 years Variable 6.45% 4.90%
Refinance Fixed or variable 9.15% 4.34%
7 Years Fixed 7.10% 4.44%
10 Years Fixed 7.25% 5.09%
HELOC 6.95% 6.45%

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