There's a reason why people go to mortgage brokers to get home financing. That's all a broker does 40 hours a week, process loans. However, many people still feel tied to their banks and credit unions for all their financial transactions. The difference is that when you go to a bank, Tom, the teller, may be opening bank accounts, transacting RRSP orders, helping people with their safe deposit boxes and you are his first mortgage in several weeks.
In the attached article, it turns out that the lady fell ill and was off work. She couldn't make her mortgage payments and was in danger of losing her house. As an important part of arranging a mortgage, I always offer life and disability insurance to my clients. If something happens to them, I can refer back to the file and tell them that they are covered. It turns out that this woman had coverage but no one at the bank knew.
Remember this the next time your mortgage comes up for renewal or you are considering buying a home. The article can be found here.
David Cooke is a Calgary mortgage broker serving the province of Alberta. His website is http://davidcooke.ca
In the attached article, it turns out that the lady fell ill and was off work. She couldn't make her mortgage payments and was in danger of losing her house. As an important part of arranging a mortgage, I always offer life and disability insurance to my clients. If something happens to them, I can refer back to the file and tell them that they are covered. It turns out that this woman had coverage but no one at the bank knew.
Remember this the next time your mortgage comes up for renewal or you are considering buying a home. The article can be found here.
David Cooke is a Calgary mortgage broker serving the province of Alberta. His website is http://davidcooke.ca
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