I am starting on the home buying process (1st home). People told me to start searching for a good mortgage broker but what do I look for in them???
Thanks!!!
Look for someone you trust.
Borrowing money is not like buying a product. One company does not have better money than another. Most of the loan programs you should consider (99% of all loans) are really widely available to anyone in the business (we all go through the same investors) – so the only thing that really sets apart mortgage loan officers (brokers and direct lenders) is the time and effort they will put into YOU.
Take some time and interview a few people. Find out what they reccomend for you and ask them to explain WHY. Look for someone who is able to explain their loans to you in a way that you really understand and in a way that is relevant to you.
This service is all we sell, so a loan officer who will not spend the time to make you comfortable now will not be available or you later. Also a loan officer who is not able to explain in VERY simple terms your loan and how it fits your needs is not sure about what he is doing.
Buying your first home is a stressful and emotionally charged process. You need a loan officer (and realtor) who will make the process easier – not harder.
Someone with integrity and who is speedy!
If you want to contact me, my husband is a mortgage broker & I’m a real estate agent. My husband can work with you to find out what you qualify for. Let me know if you are interested. What city/state are you in? We are in California.
References :
I’d get referrals from people that you know that had good experiences. Always talk to a few different brokers and have them give you different quotes.
References :
Me!!
References :
Mortgage Consultant.
First of all I would not refer you to a broker..They usually (always) charge extra for their services which ultimately costs you more money that need not be spent….Find someone you like and trust…Call Countrywide…I really like them and they are the biggest mortgage lender in the US so they know what they are doing and they do a terrific job..SS
References :
Look for someone you trust.
Borrowing money is not like buying a product. One company does not have better money than another. Most of the loan programs you should consider (99% of all loans) are really widely available to anyone in the business (we all go through the same investors) – so the only thing that really sets apart mortgage loan officers (brokers and direct lenders) is the time and effort they will put into YOU.
Take some time and interview a few people. Find out what they reccomend for you and ask them to explain WHY. Look for someone who is able to explain their loans to you in a way that you really understand and in a way that is relevant to you.
This service is all we sell, so a loan officer who will not spend the time to make you comfortable now will not be available or you later. Also a loan officer who is not able to explain in VERY simple terms your loan and how it fits your needs is not sure about what he is doing.
Buying your first home is a stressful and emotionally charged process. You need a loan officer (and realtor) who will make the process easier – not harder.
References :
10 years in CA real estate and mortgage lending in 20 states
Make sure they are knowledgeable, honest and committed to working with you. They should be able to answer all your questions. They should tell you what your costs are going to be, and put everything in writing. They should be available to you when new questions arise, and helpful to your real estate agent.
References :
Mortgage broker and real estate agent in San Diego