For our latest episode of Independent Perspectives, I had the pleasure of sitting down with David Goncalves, a mortgage broker and founding partner at Vine Group. I’ve worked with David and his team for years and have introduced many clients to Vine Group brokers. Their service is consistently excellent, and they offer the kind of strategic advice everyone deserves—whether you’re buying your first home, refinancing, or downsizing.
While I encourage you to watch the full video, here are a few key takeaways from our conversation:
- No lender is the best option all the time. Different mortgage lenders—including the big six banks—assess the same numbers in different ways, qualifying applicants for different amounts, terms, and policies. An independent mortgage broker can help you determine the best fit for your unique situation.
- Mortgage penalties vary widely. Penalty calculations can differ significantly from one institution to another. This has come up as a pain point for clients in the past, and a good broker will guide you in understanding and navigating the fine print.
- Your interest rate isn’t the same as the interest you pay. A great broker will help you minimize the total interest paid over time—even if you don’t always have the lowest rate at every moment.
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