While the home-buying journey is exciting, the intricacies of acquiring the right mortgage to fulfill your dream of homeownership can be much more cumbersome than expected. To alleviate some stress and ease the process of obtaining a mortgage, it’s best to enlist the services of an experienced mortgage broker who will review the different mortgage options available to help you select one that is ideal for your situation. To help you with the selection process, here’s a list of the top five things to look for when hiring a mortgage broker.
1. Experience
Choose a mortgage broker who has industry experience as they can guide you better through the process. Working full-time as a mortgage broker for over thirteen years has given me extensive knowledge on how to get the best mortgage for my clients. I am also on top of the “best” rates and lenders, and know which lenders have “specialty” products that perhaps the “not so normal” type of mortgage would fit into.
2. Access to many lenders
Hire a mortgage broker who has maintained a vast network of connections and has access to many lenders. This allows you to shop from a range of mortgage options and find the best product at the best rate. It also allows access to different products with varying policies so that if one lender does not have a policy that conforms with your unique situation, your broker can move to another one. Also, the relationships that are developed with underwriters are very important. They are part of the good advice and success in completing the mortgage in the best interest of the client.
3. Ability to negotiate rates
Enlist the services of a mortgage broker who not only has access to lenders but can also negotiate rates or get special offers from the lender. With over thirteen years of experience and doing the volume that I do, I have the ability to request better rates with certain lenders than what is posted online.
4. Communication
You should always be looking for a mortgage broker that has excellent communication skills. Regardless of how busy they may be, you want to ensure that your broker keeps you up to date on a regular basis and prioritizes your needs.
5. Education and organization
As buying a home or refinancing a home is not your normal daily activity, you want to be sure that your mortgage broker has a good basis of knowledge, is accessible and organized to keep you in the loop at all times.
If you’re looking for the services of a mortgage broker in Saskatoon, SK, reach out to Deb Murdoch – TMG The Mortgage Group. As an experienced mortgage broker, I can bridge the gap between you and your dream of homeownership by helping you find the best mortgage deal. Along with my excellent customer service and commitment to assisting my clients in finding a mortgage that fits their needs, I also have great relationships with my underwriters, which give me the advantage to put deals together.
To learn about the mortgage services I offer, please click here. To get in touch with me, please click here.
