May 11, 2023
The Benefits of Using a Mortgage Broker in the Post-COVID Real Estate Market
Share this article:
Manzeel is an award-winning Mortgage Broker and the Owner of the Toronto-based mortgage, Everything Mortgages.
With 16 years of experience in the Canadian mortgage industry and a formal background in mortgage underwriting, Manzeel’s lending expertise gives him unique insight into whether a deal is feasible which empowers his clients to make more informed lending decisions faster.
He has been recognized as one of Canada’s Top 10 Mortgage Brokers by the national Canadian Mortgage Professionals (CMP) Association. Him and his team of 18 mortgage agents are proud to offer a mortgage experience that's built on honesty, trust, and integrity. He prides himself on the brokerage’s dedication to deliver an excellent client experience throughout the entire home loan process from pre-approval to post-funding.
Since moving to Toronto in 1998, Manzeel has successfully launched and scaled several businesses from the ground up, ranging from a mortgage brokerage and a vast real estate investment portfolio to a private financing eCommerce platform. He continues to be a leader in the real estate industry as he uses his analytical expertise to seek new real estate investment opportunities.
As a tech junkie and avid sports enthusiast, when Manzeel’s not working with clients, you can find him reading technology blogs, playing squash or watching tennis with his two boys.
Navigating the choppy waters of the Canadian post-COVID real estate market? Why a Mortgage Broker is a Good Choice, Especially Now!
As the Canadian housing market continues to experience fluctuations in mortgage rates and inflation, the value of mortgage brokers in helping homebuyers and homeowners navigate the market is increasingly apparent. With their expertise and knowledge of the industry, mortgage brokers can provide valuable assistance in securing a mortgage, refinancing, or debt consolidation.
In a post-COVID real estate market in Canada, the role of mortgage brokers has become even more critical. With the Bank of Canada raising interest rates eight times since March 2022, many people have been faced with increasing mortgage payments and renewals. In this environment, having a mortgage broker who can navigate the changing markets and offer personalized guidance is an invaluable asset.
One of the key benefits of working with a mortgage broker is that they do the legwork for their clients and protect their credit score. Rather than having to shop around from bank to bank, a broker can pull their clients’ credit score once and use it to compare rates and products from different lenders. This not only saves time and effort but also ensures that the client’s credit score is not negatively impacted by multiple credit inquiries.
In addition to their ability to protect their clients’ credit score, mortgage brokers also have access to rates and products that individuals may not have access to when they go directly to the bank. By working with multiple banks and lenders, brokers can secure better rates and products for their clients, ultimately saving them money in the long run. Furthermore, because brokerages are paid a commission by the banks they work with, clients do not have to pay any fees for their services.
When choosing a mortgage broker, it is essential to do some due diligence to ensure that you are working with the best one for your needs. Looking up online reviews and asking the brokerage about the types of banks and lenders they work with can help you make an informed decision. Ultimately, working with a mortgage broker can provide significant benefits, including personalized guidance, access to better rates and products, and protection of your credit score. In a post-COVID real estate market in Canada, having a mortgage broker on your side can make all the difference.
At Everything Mortgages we are a team of licensed experts who are ready to help find the mortgage solution that’s right for you. What drives our motivation to succeed is not the loan we secure but the difference we make. Whether it’s helping the first-time home buyer purchase their first home, the small business owner looking for a better solution or the hardworking professional break free from high-interest debt, we work hard to help you become mortgage-free sooner and build wealth creation faster.
Get more homeowner tips
Subscribe to get more homeowner tips and advice delivered right to your inbox.
Previous Page