How to choose a mortgage broker
What are the 4 traits experienced real estate brokers look for when recommending a mortgage broker to their client? The mortgage lender can make your home-buying process as smooth as cream cheese or they can make you wish you never bothered trying to buy a home. It's critical to get this right step right when buying a home.
A lender who fails in any of the below categories can cause unnecessary stress, keep you from winning in a competitive offer situation or worse, put your earnest money in jeopardy.
When we consider lenders whom we would be willing to stake our reputation on, we look for 4 things:
- Are they experienced?
- Are they eager and willing to work hard?
- Are they organized?
- Do they have a good reputation within the real estate community and do they work evenings and weekends?
When we present your offer to a listing agent, we want to make sure your pre-approval letter is setting you up for success. We are looking for things like; Is the mortgage originator easy to get a hold of? Will they call the listing agent if asked to convey your financial strengths?
If you're not ready to chat with a lender, but just want to play around with numbers, try our easy-to-use mortgage calculator below.
We have worked with hundreds of lenders and whenever a lender impressed us, we added them to our list of preferred lenders.
The lenders we have added; not only did a good job but also impressed us and stood out from the crowd as being top of their field.
If you'd like to receive a list of our preferred lenders, please contact us today.