What Can a Mortgage Broker do for me?
A mortgage broker is a professional licensed person who can secure a mortgage for their clients. They act as mediator between client and lender. You don’t have to pay the broker because mostly brokers are paid by the lenders, after the mortgage closes. They are responsible to submit your all required documents to the lender. Here are some useful questions that you can ask your mortgage broker : 1. Which lender suits me according to my Financial Situation? 2. What Interest Rate will I qualify for? 3. Is there any Processing Fees? 4. What are the “Hidden Charges”? 5. Can you give me a Loan Estimate? 6. How large should my Down Payment be? 7. Is a Fixed Rate The Best Option For Me? 8. ...
