{"componentChunkName":"component---src-templates-how-to-step-index-tsx","path":"/HowToSteps/FindABroker/","result":{"data":{"markdownRemark":{"html":"<p>A mortgage broker is a professional who deeply understands the ins and outs of the mortgage process and typically has a working relationship\nwith numerous lenders. </p>\n<p>While a broker is not required, here are some reasons you might consider working with one:</p>\n<ul>\n<li><strong>Exclusive Rates</strong> - As you can see in the <em>Live Rates</em> section of the app, some lenders work exclusively through brokers.</li>\n<li><strong>Advice</strong> - A broker will be able to provide advice specific to your situation.</li>\n<li><strong>Time Saving</strong> - Working with lenders for mortgage approval can take a lot of time and effort.\nA broker can communicate on your behalf with multiple lenders as well as work directly with your solicitor.</li>\n<li><strong>Quicker Turnaround</strong> - Your broker will catch issues with your application before they are sent to the bank.</li>\n<li><strong>Applying for Lending Exceptions</strong> - If you're looking for an exception to the typical borrowing limits, your broker will know which lenders\nare able to offer you exceptions and help set your application up for success.</li>\n</ul>\n<h2>Broker Fees</h2>\n<p>All brokers make commission from lenders and insurance providers for signing you up as a customer. Some brokers may also charge a fee for their services.\nUsing a broker will not increase the cost of these products.</p>\n<h2>When To Contact a Broker</h2>\n<p>If you choose to apply via a broker you should contact them at any time from six months away from your mortgage application right up to when you're ready to apply.</p>","frontmatter":{"title":"Optional: Find a Broker"}}},"pageContext":{"slug":"/HowToSteps/FindABroker/"}},"staticQueryHashes":["1087286362","1891364210","2573342971","2719950464","3649515864"]}