Responsibilities Of A Mortgage Broker

OnLine Mortgage offers a broad range of services including residential, commercial and industrial financing, first and second mortgages, interim construction loans, refinancing, restructuring, lines of credit, and private financing.

At OnLine Mortgage we offer our clients independent, objective advice. We research the market for the best rates, products and options from a broad selection of reputalbe institutional lenders, usually at no cost to our clients. As a result, our responsibilities cover a wide range of mortgage determinants, including:

Interest Rates

• 5-year mortgage rates available to OnLine Mortgage clients average of 100-125 basis points (one to one and a quarter of one percent) and better, below the posted rates of the major banks
• monitoring the bond and money market has consistently given us the edge in identifying future interest rate movements
• we provide our clients with advice on interest rate movements to help manage their mortgage

Product Options

• increased competition in the financial services sector has led to a proliferation of mortgage products making it next to impossible for the average borrower to know who offers the best mortgage for his/her situation; we understand the products and track the trends in the market so that we can address the individual needs and concerns of our clients
• we locate, identify and bring our clients together with the best lenders and products to meet their specific requirements and risk profile
• we place many mortgages, and as a result have a good deal of leverage with the institutions on your behalf (that an individual wouldn’t have applying on their own)

Financial Professionals

• committed to act in the best interests of our clients by providing the highest level of support and attention to detail
• adhere to the highest moral code of ethics ensuring that our ability, knowledge and trustworthinessare beyond reproach
• graduates of a rigorous, comprehensive program, which supplements our business degrees and corporate experience with
  detailed mortgage knowledge unequalled in the financial services industry

Value Added Service Liaison

• brokers are the liaisons between the borrower and the lender and their solicitor; involvement until closing and beyond
• a mortgage broker negotiates the deal between the borrower and lender; loan amount, rate, options prepayment privileges, legal and appraisal fees and other extraordinary items

"And best of all, our services come absolutely free to customers
who qualify at the bank."

Preliminary Underwriting

• cursory underwriting involving evaluation of the property, appraisal analysis, assessing the flexibility or risk profile of the prospective client and credit evaluation
• our preliminary underwriting and appraisal ensures the marketability of the mortgage and enhances the credibility of the package submitted to lenders

Legal

• assist with the legal aspects and advise accordingly
• lawyer and lenders are not required to fully disclose other mortgage options whereas a broker will, which means our clients receive the best service and options available

Mortgage Planning

• advice and council on mortgage planning to optimize long term savings
  mortgage plans that match the clients needs, goals and financial situation; which provide the highest possible savings
• we put our clients in a position to control their mortgage and not have the mortgage control them