What does a mortgage broker do? Well, a mortgage broker is a middleman who matches home borrowers with potential lenders to get the best possible mortgage terms for the borrower. A mortgage broker can save the borrower time and struggle during the application process, and potentially a lot of money over the life of the loan.
If you are concerned that interest rates will increase, locking in a low-interest rate early on will assist decrease the risk of having a higher interest rate when your mortgage term is up. However, the benefit of early renewal by a top real estate agent depends greatly on the rate being offered. If the renewal rate is lower than your existing rate or estimated future rate, renewing your mortgage early by a top real estate agent can potentially help you save money.
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