Top Five Things to Look for When Hiring a Mortgage Specialist

Anita Mann |

Top Five Things to Look for When Hiring a Mortgage Specialist

Dreaming of owning a home? The first step to reaching home ownership is getting the right financing with a mortgage. Though many people think the bank is the best place to start the process, you can get a much broader range of options by meeting with a mortgage broker. They have access to a variety of lenders and can find the right rate and terms for your needs.

With the ability to answer all your mortgage related questions and make the process convenient and stress-free, a mortgage professional can help you handle the entire process from start to finish. If you are a first-time homebuyer seeking pre-approval or require renewal, transferring or refinancing of your existing mortgage, or debt consolidation guidance, a mortgage broker is your one-stop solution for your financial needs.

If you’re in the market for mortgage services, here are five tips to help you pick the best mortgage specialist available.

1. When hiring a mortgage agent, make sure that he/she holds a valid license.

Presently, there are several professionals, who take up work as a mortgage agent in their free time. These part-time brokers may or may not have a valid license which permits them to carry out the different financial transactions. This can hamper your prospects while finalizing the deal for your dream property. This is why It is advisable to verify the validity of the license that your mortgage specialist holds.

2. Check what which brokerage he/she works with.

Your mortgage specialist may be working alone or with a brokerage firm. It serves well if they are linked to a brokerage firm, as these firms have excellent mortgage product lines with an array of home financing solutions that are only available to their mortgage professionals and their clients. They have access to more lending institutions, including big banks, credit unions, and trust companies than a single broker.

3. Meet the agent in person.

With the technological revolution, you have easy access to free online consultation or a mortgage calculator to check on your requirements. However, to get personalized solutions for your unique mortgage needs, it is best to meet your mortgage specialist in person. This will help you check if the two of you share any chemistry as well as gauge the person’s character.

4. Read all documents correctly before signing them.

Reading and proofreading all mortgage-related documents might be Greek to you. It is imperative to find a mortgage specialist who first focuses on the fine print and different clauses mentioned in the document, and discusses them with you, before handing them to over to you to be signed.

5. Ask for a copy of all document signed for your record.

A mortgage is a long-term financial decision. You may need the documents later on for refinancing or even if you’re clearing the loans earlier. Ensure your mortgage specialist keeps a certified copy of all the signed documents and provides you with another set of certified documents.

If you’re looking for specialized mortgage services across Brampton, Oakville, Burlington, Hamilton, Mississauga, Stoney Creek, St-Catherine’s and Niagara, get in touch with Anita Mann. I am committed to building strong and long-lasting relationships with my clients. With over twenty years of experience, I have a proven track of world-class services while focusing on creating the best mortgage strategy for my clients that help them achieve their dreams. To learn more about the services I provide, please click here, or contact me by clicking here


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