Mississauga, Ontario based Mortgage Broker Lucia Gugliuzzi reveals 3 things you should watch out for when shopping for online mortgage products on the Internet. Gugliuzzi reveals Canada mortgage secrets at her new web site that is full of free reports, a home buying guide and free mortgage calculators, and is designed to give Canadian consumers all the facts so they can make an educated decision when obtaining a mortgage in Canada.
Mississauga, Ontario -- (ReleaseWire) -- 12/31/2010 -- Mississauga, Ontario Based Mortgage Broker Reveals 3 Things Lenders Don’t Want You to Know About Shopping for a Canadian Mortgage Online
Anyone who’s even remotely interested in shopping for a home loan has probably paid attention to all those commercials on TV touting the ease of using any of a variety of Internet services to compare mortgage offers from the comfort of your home. You may even have tried a couple of them yourself. But Lucia Gugliuzzi, a Accredited Mortgage Professional with Canada Mortgage Information Center, says Mississauga, Ontario residents need to watch out when trying to use the Internet to do the heavy lifting for them.
“Sometimes, these Internet services might work fairly well for certain people.” “But the one-size-fits-all approach they offer is going to leave a lot of people with mortgages that aren’t the best for them, or even worse, they may be shut out of the process altogether.”
Lucia Gugliuzzi says the problem with these services is that they never really get to know anything about your financial situation other than your credit history and income level. “So basically what winds up happening is that you’re reduced to a number to them. And if they don’t like whatever that number is, you’re out of luck.”
Here are three things you should watch out for when shopping for a mortgage loan on the Internet – things most online mortgage sites hope you ignore:
*Do they take the time to find out about your unique situation, or are you just a cyber-borrower in their eyes? Most of these sites simply don’t have the manpower to individually work with every borrower. So a lot of times you wind up with a bad mortgage simply because there was no one to check if they could have gotten you a better deal.
*What do they offer people in special financial circumstances – such as the self-employed or people with damaged credit? Most of these sites don’t even want to work with you unless you meet their stringent criteria.
*Do they provide advice to help when choosing between Canadian mortgage products? Most sites simply gather offers, throw them in your lap, and pressure you to choose between them. Unless you’re a pretty experienced mortgage professional, deciding on the best offer can be difficult, if not impossible.
So, what’s the solution? Use the Internet to educate yourself and then work with a real human being. You may not have thought about “old-fashioned” methods of finding the best deal, such as working with an accredited mortgage broker whose job is to work for you not the lenders. “But for anyone who values a real person sitting down with you and working through the process, there’s no better option,” says Gugliuzzi.
Mississauga, Ontario - based mortgage expert Lucia Gugliuzzi specializes in providing information to Ontario residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their mortgage.
Lucia Gugliuzzi, AMP is available for interviews and will welcome all your mortgage related questions.
Call 1-416-346-6740 or 1-866-285-3972 for a Free, No-Obligation Consultation or visit: