Choosing the Mortgage Broker
Mortgages can be complicated, especially when you are re-mortgaging or refinancing your home. When you go to a bank for a mortgage, sometimes you leave feeling that you could have gotten a better deal, other times you feel like you did fine, but didn’t understand all the parts of the mortgage. If you have time to shop around at all the banks and mortgage brokerages, it can be an exhausting experience. How can you be sure you got the best interest rate? Do you understand all the details of the mortgage? If you are refinancing, are you certain the person you worked with got you the best deal?
Someone on your side
A mortgage broker acts on your behalf to find you the best deal you can get, based on your credit rating. This is much better than doing things yourself, since mortgage brokers have access to different kinds of financing options and the best interest rates available. Choosing someone you can work with is important. You can do this more easily by asking questions about your credit rating, options, refinancing details and repayment rules. Get your mortgage broker to go over the details of the contract closely with you to ensure you know what you are signing. Good customer service and client representation are ...