Written by Omid Jalili
The fact that mortgage consumers value good advice comes as no surprise to Toronto mortgage brokers who work hard to provide you with the best Toronto mortgage rates and terms available.
While a majority (66 percent) of mortgage consumers who participated in the 2013 CMHC Mortgage Consumer Survey reported using the Internet to research mortgage options and features, a whopping 84 percent indicated they searched directly online for interest rates.
As historic low rates are enticing people to enter the real estate market for the first time or to refinance their existing mortgages, Mortgage brokers Toronto can help look after your interests by making sure the lender you choose is held to the mortgage rate they offer you in writing for a certain period of time.
Mortgage consumers polled in the 2013 survey included first time buyers, repeat buyers and those who renewed their mortgages over the previous twelve months.
Of those respondents, 84 percent found the information they obtained from broker sites regarding terms, conditions and mortgage interest rates useful in their research.
Another key finding from this year’s CMHC survey showed an increase in consumer satisfaction among 81 percent of mortgage consumers who used the services of a mortgage broker to arrange a mortgage, up from 77 percent in 2012. Toronto mortgage brokers are experts at comparing the best rates and terms among different financial institutions and keeping their customers informed about the various options available. They can even help to simplify the application process. Perhaps that’s why a significant number (75 percent) of mortgage consumers polled in 2013 indicated they were likely to refer their broker to a family member or friend.
Talk to your family members, friends and colleagues when you’re looking for experienced Mortgage brokers Toronto to arrange your next mortgage transaction.
