Steve Chamli, Mortgage Broker Email & Phone Number

Burnaby, British Columbia, Canada

Why Mortgage Broker vs. my Bank?The main difference is that a bank loan officer represents only the products their institution offers, while a provincially licensed mortgage broker is an intermediary who works with multiple lenders - all major banks, credit unions, insurance, trust companies, and private funds. Therefore, the Mortgage Broker has access to lower rates, more options and can often offer you:- Better rate than the one offered by major banks- Choice between products and features- Expert and independent adviceAdditional benefits:• Mortgage brokers are subject to strict provincial regulation, licensing and education requirements. They have fiduciary duty to put the interest of their client first.• One-stop shop; clients fill out one application and don’t seek out multiple lenders’ quotes themselves. You shop multiple lenders without the hassle to contact them on your own.• Mortgage Brokers are specialists who do not offer other products (investments, etc); therefore, they can provide expert advice, strategic planning and independent council. You will be presented with multiple options, various products and the pros/ cons of each will be discussed in relation to your specific situation.• Mortgage Broker will communicate with your chosen lender on your behalf during the application and approval process. The Broker will negotiate on your behalf and pass on any discounts to you.• Mortgage Broker is more flexible with communication, available after banker’s hours and weekends.• Mortgage Broker does not sell the products of one institution and is focused on finding the right product (among many) which will fit your specific goals.• May be able to arrange a mortgage for those who are having trouble getting approved by a traditional bank, such as self-employed, new to Canada and people with challenged credit histories.Most common type of mortgages:First time home buyers, Repeat buyers, Renewal, Refinance, Investors, Reverse mortgage