What is a Mortgage Agent
Kim Boehlke is a mortgage broker/agent/business development manager with Champion Mortgage Inc. She has been in financial services since 1995. She has been delivering mortgages since 2013 and has been a mortgage agent with Champion Mortgage Inc for 4 years. I talk to her on the phone and via email as to what really is a mortgage agent, what is her unique value proposition, her core competence, and how she helps her clients. I strongly recommend her for all your mortgage needs.
What is a mortgage agent/ mortgage broker?
Someone who can give you access to a variety of mortgage products. Mortgage agents are incentivized to keep in touch, to keep your rate competitive over the life of your mortgage. Even mid-term, it can make sense to move your mortgage.
What is the advantage of using you as a mortgage broker versus my bank branch?
At champion.ca we have improved the process of obtaining a mortgage through an online application portal, document-management services, automation, web-based information delivery systems, and online meetings. These technological tools speed up delivery times and increase the accuracy and amount of communication and education clients receive.
Check out my google reviews. The first link is in video form. The second takes you to our Mississauga and Guelph Google Review pages.
I educate on options, I prepare as much as possible for anything unexpected; I bring it together and make it happen.
Do I get better mortgage rates through you?
The mortgage rate is a simple feature of the mortgage. You get a competitive rate through me. I try to get clients to examine the other features. Mortgages sold on rate are often lacking in service and can sometimes not be what you think, such as mortgages with astronomical penalties when the mortgage is broken mid-term.
What do I need to do to qualify for a mortgage?
I like to have about a 10-minute call to get a sense of what you want to do. Then it’s filling out an application and send me your ID and income documents.
I book another call which can be 10 minutes or as long as you need it. You get your pre-approval and you are ready to go!
How long must I stay in the same job? What about being self-employed?
There are no hard and fast rules on these. It’s case by case depending on credit and down payment and the rules and programs are somewhat fluid. The shorter your time out of school, the more scrutiny there will be. Put in that condition of financing and we will see what we can do.
For those who do not have a great credit rating do they have to pay a higher rate?
In the current environment, there are certain FICO scores that are magic, 600, 620, 650, 720 are a few that come to mind. These give you access to certain products and rates depending on what you are doing. Below 600 will mean higher rates for sure. A little known fact is that when consumers do a soft pull of their score (a credit pull that does not show up as an inquiry), it is a different number, then when we do a credit pull for a mortgage inquiry. However, the two numbers, though not exactly the same, are usually not too far off in my experience. It’s not known exactly how Equifax calculates their numbers so I don’t know why the numbers are different.
Do you go and visit your client or do we have to come to you?
I do love visiting clients, especially to sign those last papers. However, one of the extremely efficient options I have with champion.ca is to meet online, share my computer screen, and have a clear and effective meeting that way. I often have later in the evening appointments when the little ones are tucked in, to be able to focus.
Kim can be contacted at kim@champion.com, 647.847.1309 or toll-free at 877.341.1299 x 802, Mortgage Agent and Champion Mortgage Inc. 10212.
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