Mortgage Broker from CastleMortgages Advice – Should You Take Out A New Mortgage?

If you have a mortgage loan, and your home is currently at the interest rate of 3.5%, you might not want to take out another mortgage with the mortgage broker from CastleMortgages. There are a number of reasons why this might be a good idea, and this is going to explain why it is the case.

 

The first reason why you shouldn’t take out another mortgage with your mortgage broker is that they will be charging you more. This is because their fees will be higher than they would be if you were to get a loan from a bank. The main reason for this is that they will be able to give you a mortgage at a higher interest rate. This is because the bank’s rates are not as high as they used to be.

 

The next reason why you shouldn’t get another mortgage with your mortgage broker from CastleMortgages is that you will have to wait around a lot longer for your mortgage to be approved. Because the bank’s rates are going down, there is a lot of pressure on the banks to approve loans, so you will have to wait a long time before you get your mortgage approved.

 

The third reason why you shouldn’t get another mortgage with your mortgage broker is that you will not have the ability to get the lowest interest rates, and you won’t even know it. Because they get their commission from the banks, and the banks are lowering their interest rates, the broker can’t tell you that they are getting a lot more money from you.

 

If you have bad credit, you might want to find a mortgage broker that specializes in this type of lending or at least one that is willing to work with you if you have bad credit. If you don’t have bad credit, you can try to find one that does, and then you can get their advice about getting another mortgage loan. This is a good option because it can help you out with your credit rating, and they can help you find the best interest rates.

 

Overall, you should avoid taking out another mortgage loan with a mortgage broker from CastleMortgages. The reason for this is that you will end up paying a lot more money, you will have to wait a lot longer, and you will have to pay the broker a lot more money. Overall, the broker is more interested in making a profit, and they will only help you out if you can pay them enough money and get you the best rates.