It is imperative to always be prepared and well-informed when you are buying or selling your home, renewing your mortgage or refinancing your property. Before signing on the dotted line of any binding document, you should ensure that you research the company and its credentials and the details and conditions of the agreement before signing any contract; especially if you are shopping on free sites such as Craigslist or on the Internet. It is important to be aware of who your are disclosing important financial information and documents to and what terms and conditions you are signing. I have experienced the same frustration with a no-name moving company as mentioned in a bad-news story in the Financial Post, and even though it seemed like a bargain at the start, it ended up costing me more money, time and frustration. It is worth the extra time spent to ensure you are dealing with a professional in all your transactions including your mortgage financing.
Using a credible broker who is licensed gives you the peace of mind that the person you are dealing with is focused solely on mortgage transactions and is working in the interest for you the client, and not the interest of the bank. Attain the services of a credible professional and it will save you more money and time at the end of the day.