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Tag: Lake Elmo

Experience Matters.

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.

  1. Are they easy to get a hold of?
  2. Do they answer requests in a timely manner?
  3. Do they provide honest, straightforward answers?
  4. Do they communicate the way you do – phone, email, text, etc.?
  5. 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.