Questions to Ask a Mortgage Broker to Make Sure He’s the One

If you’re looking to reduce your mortgage stress, unsure where to begin when applying for a home loan, or would just like to get additional support, then using a mortgage broker is a good idea. Yet, you need to make sure you choose the right mortgage broker. With so many working hard to secure loans for home buyers, how can you determine which one is right for you? We’ll share questions you need to ask your potential mortgage broker to make sure they’re able to help you buy your dream home.

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Questions to ask a mortgage broker to make sure they’re the one. First home buyers, one of the most important things you can do when securing a home loan is to look for a mortgage broker who has experience working with borrowers just like you. Ask them these questions.

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What are their qualifications? What type of home loan would suit you best? How much you can borrow? How many lenders do you have access to? Who are these lenders? What government grants are you eligible for? What different interest rates are there across the lenders and products? What documents and other requirements should you prepare? How long will it take for the loan to be approved? What are these fees on your loan?