There are several reasons why you might want to use a mortgage broker when seeking a mortgage after bankruptcy:
Access to a wider range of lenders: A mortgage broker works with multiple lenders and has access to a wider range of mortgage products than you would be able to access on your own. This means they may be able to find a lender who is willing to offer you a mortgage despite your bankruptcy.
Knowledge of lender requirements: A mortgage broker has knowledge of the requirements of different lenders and can help you identify which lenders are likely to consider your application based on your specific circumstances. They can also advise you on what documentation you will need to provide and help you prepare your application accordingly.
Expertise in mortgage products: A mortgage broker can explain the various mortgage products available to you, including fixed-rate mortgages, adjustable-rate mortgages, and hybrid mortgages. They can help you understand the pros and cons of each product and assist you in choosing the product that best fits your needs and financial situation.
Negotiation skills: A mortgage broker can negotiate with lenders on your behalf to secure the best possible terms for your mortgage. This includes negotiating the interest rate, fees, and other terms of the mortgage to ensure that you are getting the best deal possible.
Save time and effort: Working with a mortgage broker can save you time and effort by streamlining the mortgage application process. Instead of having to research multiple lenders and complete numerous applications, you can work with one broker who will handle the process for you.
Overall, working with a mortgage broker can help you navigate the complexities of the mortgage application process after bankruptcy and increase your chances of getting approved for a mortgage that meets your needs.
call Dave Oliver @ 306 227 7367 with any questions