A lot can go into finding a mortgage that’s the right fit for you so, before you go with a lender because your brother-in-law’s car mechanic said his buddy got a good deal from XYZ Mortgage Company, you might want to do a little homework on your own.
And here’s a great place to start.
Ask what kind of experience the mortgage broker has.
This is an especially important question if you’re a first-time home buyer or if you’re refinancing. Getting a mortgage is not a walk in the part and it’s good to have someone in your corner to guide you through the process.
Here are a five important considerations and questions to ask.
- Are they easy to get a hold of?
- Do they answer requests in a timely manner?
- Do they provide honest, straightforward answers?
- Do they communicate the way you do – phone, email, text, etc.?
- Are they experienced? Be sure to ask for references.
There is certainly more that goes into the decision-making process, but if the mortgage broker doesn’t pass the experience test, move to the next one on the list – regardless of what your pet groomer’s brother might say.
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