How to obtain the best mortgage rate?

Looking for a mortgage loan?

You want to be approved without any problem?

You want the best rate on the market?

It’s an important moment for you and we know what you are going through because we went through the same thing. Here is a list of 7 tips coming from real expert about mortgage. How did they become experts? They are the number 1 team at Multi-Prêts. It’s Multi-Prêts MR and here are the reasons why you can trust them: They have 30 years experience in mortgages, they prepare more than 3000 files of mortgages per year, and this represents a volume of 275 million dollars in loan each year that they negotiate for their clients. We are really about a team which is specialized to obtain the best conditions of loans including the best rate, because you will learn today that it’s not only about the rate! Listen to these tips which can save you thousands of dollars in interests…

1. Avoid the traps; since they are often ignored everyone is talking about the rate. But the traps are often conditions surrounding the loan, like: your global financial portrait, your strategy surrounding the loan, the nature of your debts, how your profile is built in the file, which type of institution is good for you, the lenders criteria, etc. How can you avoid the traps? Either you become a mortgage expert with years of work and practice…  or you become an expert with finding a reliable specialist who will protect you from all these traps. You know, we are not the only ones to control this question, but the important thing is to work with an expert. And be careful, an expert is not an employee of a big institution which is trained to be a generalist: To open credit lines, to fill out insurances forms, mutual funds, mortgages, pension plans, new debit cards, etc… You see what I mean? Mortgage, its complex and that justifies a career governed by a professional order. So you might be thinking yes, I want an expert, but at what price? You will soon learn that there is no cost, absolutely none, because a mortgage broker is paid only if your file is accepted by the lender and he receives a commission that will be given anyway by the lender, but the mortgage broker earns his living with a reputation based on satisfied customers… He’s your partner and not a salesman that would push for a specific product. He must accompany you in your success. His success depends on your success.
2. Join with a group of buyers for the best rate. Dou you know the force of numbers? Will a musical merchant make you the same price for a guitar as if you buy a million guitars? Our banner places 275 million dollars per year in mortgages. By doing business with us, you also benefit from the force of a major group of lenders. It’s easier to negotiate this way than if we are alone against the financial institution… Benefit from our efforts and obtain a better rate!
3. Put several institutions in competition! You understood correctly! Do not fall into the trap of visiting only one institution! It is wrong to believe the combination of a car loan or several products with the same institution will guarantee you the best rate. In fact, as a consumer, it is preferable to keep your options open and not to be satisfied with only one offer. Isn’t this logical? Do you know how one finds the best rate according to his situation? The best way is to know which institution wishes’ to acquire your type of customers at which time. In this way, you present your file to the best lender and it’s not always your present institution… Find the fitted lender for you to avoid any problems and obtain the best rate: it’s complicated!
4. Win time with the help of your practical ally! Instead of wasting your time visiting each institution, you can trust your broker to do this work for you. You have a professional doing the work in your place by knowing all the conditions of the lenders and it will save you a lot of time! A mortgage broker is trained and is a member of the Organization of autoreglementation of real estate agent of Quebec OACIQ. They are qualified and know how to find the information. The best part is that it’s free! Go directly to the right answer without wasting time and obtain the best rate with a file prepared by a professional.
5. Stop searching for a rate and start searching for the best conditions surrounding your loan. It’s different!!! A mortgage file touches a lot of different questions like: your beacon score, your credit cards, your RRSP’s  and home buying plan, your credit line, taxes and CMHC, real estate agent, monthly fees and surcharges, bank accounts, fiscal questions, etc… An excellent mortgage broker will draw up the complete situation of your portrait and will accompany you in this journey. A good file will increase your chance to be accepted and to obtain the best rate. Too many people forget important information concerning their financial portrait and get a refusal by the lender. We recommend that you forget about the posted rate… and benefit from a complete strategy for the best conditions surrounding the loan.
6. Have your calculations verified by an expert before submitting your file. If you wish to consult an expert from Multi-Prêt MR, it’s preferable to come and visit us before you submit a file. No matter the lender or the institution our expert will verify that your calculations are good according to the selected lender. Many files are refused because of bad calculations strategy. Don’t do the same mistake!
7. Not to believe everything you hear. How many myths circulate In Quebec concerning the mortgage industry… You know that the mortgage world and the economy have changed a lot lately? And here are some myths:
   • Myth #1: A mortgage broker charges fees and can increase the rate. FALSE
   • Myth #2: My financial institution knows me then I will get the best rate. FALSE
   • Myth #3: While following the rate regularly, I will find the good moment myself to submit a file. FALSE
   • Myth #4: All alone against an institution, I have the same chances of success as a group of lenders which place hundreds of millions each year. FALSE

We could continue, but we thought of offering you two gifts: You can receive a detailed copy of the 7 tips in an E-book by entering your email here, and you will have your copy in a few seconds… Also: we’d like to offer you a professional consultation and it’s without cost. You can ask your questions on the telephone or come to our offices and benefit from the knowledge of a dedicated expert who will work free for you. We invite you to share this video with your friends and to visit our testimony page to see what our customers think of the quality of our service. WE wish you many happy moments in your new home! It will be our pleasure for us to help you avoid any problems to obtain the best conditions surrounding your loan. It will be our pleasure to honor your confidence with heart and sincerity. Think about it. Your mortgage file is very serious and deserves the attention of an expert. It will be a pleasure to work for you and we can’t wait to be able to have you among our satisfied customers!