A mortgage refinance loan comparison site basically will take the prospecting and researching part of the process of finding the best mortgage rates. It is important that you go to a comparison site that is affiliated with several mortgage lenders and not just a few.
These multiple lender comparison sites make the various lenders compete over your refinance loan and therefore act as your personal broker in a sense. They are able to use leverage through a large affiliation of mortgage lenders to guarantee the consumer the best rate on the market.
You can also check compare mortgage rates in Ontario online at https://pekoe.ca/mortgage-broker-ontario/.
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When businesses compete you win. I'm sure you've heard this saying before but this statement is true in almost every business sector. More competition results in a better rate for the consumer.
Multiple lender websites, while relatively new, have proven to consistently offer consumers the best mortgage rate on the market. Most of these sites are free to the consumer and you would be foolish not to utilize this service if you are considering refinancing your mortgage.
After you compare mortgage refinance rates through multiple lender comparison sites you will be matched up with 3-4 lenders who were able to provide the most competitive rates. I would suggest doing a little research before talking to a mortgage professional so you are able to ask them tough questions and see who you feel most comfortable dealing with.