Your friendly team at Oceanvale Mortgage & Finance is about one thing: your satisfaction. Whether we succeed in that by getting you the lowest rate, delivering top-tier customer service, providing an easy, no-frills process, or all of the above, we won't stop until the job gets done. Our non-commissioned staff will give you an unbiased opinion of what your best borrowing options are. We combine th
e service and accessibility of a bank, with the network of a full-service brokerage house. We have access to over 30 different lenders nationwide that can collectively offer every mortgage and lending product above the ocean. Just to give you a look behind the veil, pretty much every mortgage broker you have ever spoken to gets paid by whichever lender he or she chooses to send your mortgage to. Further, they get paid more or less depending on what product or rate they get you. Now you're probably asking yourself "Does that mean that my broker may have put me in a mortgage that could have benefited them more than me!?" - The answer is, unfortunately, yes. You see, brokers get paid what are called "Basis Points," or "BPS" (pronounced "bips") by the lender that you end up with. 5 year or 3 year rates, fixed or variable, 2.59% vs. 2.64% - all of these things play a role in the amount of commission your broker receives from the lender. You can see how that might "skew" their vision for you. Our team gets paid a salary, not a commission based on the amount of dollars they generate from lenders. The purpose of this business model is to encourage you to talk to us without feeling any pressure and to instill confidence in our suggestions. Have you ever talked to a real estate agent or a mortgage broker about selling or buying a home, and immediately afterwards felt an obligation to hire them to facilitate that process? We're eliminating that same feeling by employing people that get paid whether you choose them or not. We think so. Call or come visit us to talk about your options. If it's an impending purchase, a desired refinance, an upcoming renewal, a construction project, or even a small loan, our people are knowledgeable, experienced, and eager to help!
