A good mortgage broker is something every potential
homeowner or experienced real estate investor needs to have
on their side.
There is no shortage of brokers out there and they come in
all shapes and sizes with various personalities.
What people don’t realize is that if you have a very
helpful and friendly broker, it can really make a
difference in your entire attitude about getting a loan.
When you have a good mortgage broker, you will usually have
a pretty stress-free loan process and they will be able to
explain it all to you simply and easily.
So how do you know if you have a good broker There are
some very simple things that will tell you right away if
your broker is good or not.
One of the best ways to judge a mortgage broker is just
with common sense. Does your broker like to talk and have
an excited attitude
That can definitely improve the experience for you but
there are other factors to consider. Punctuality is very
important and someone missing dates can be infuriating.
If your broker says they will call at 6 pm and they miss it
every time, it might be a problem. You really want someone
very punctual.
The broker should be able to list off mortgages and
programs by heart as well. It’s not a good sign if they are
flipping through a book every few minutes to look up terms
and arrangements.
A good way to tell if your mortgage broker is good is to
make sure they are willing to answer any question
imaginable without getting frustrated.
Ask them something a couple times in one sitting just to
see what they do. If it’s obvious they are annoyed and
don’t ask why you repeated it, they might not be paying
attention and just reciting some spiel they use on
everyone.