If you’re looking for a broker to help you find a good mortgage, you know you can’t hire the first person to come along. But how can you tell good mortgage brokers from not so good ones? Look for these five things when hiring a Calgary mortgage broker company.
A Licensed Mortgage Broker Company
Always work with a mortgage broker company that is properly licensed and insured. Ask to see their license information and make sure it’s not expired or cancelled. You can also check if the company is a member of any professional organizations. While not required, this shows the company meets the professional qualifications demanding by membership in the organization.
A Recommended Mortgage Broker
Referrals are highly valuable. Ask friends and family members to recommend a Calgary mortgage broker company. You can also check reviews online, but never rely just on the ones posted on the company’s website.
Transparent Broker Company
Hidden fees are a common problem with some companies. Look for a mortgage broker who will give you a written contract that includes the clearly stated charges. Make sure you understand the fees and commissions and ask questions to clarify things if you aren’t sure.
A Broker with a Lender Portfolio
One of the reasons for working with mortgage brokers is the access they provide to a range of lenders, so don’t work with a broker company with a limited lender portfolio.
A Calgary Mortgage Broker Company that Communicates
Communication is key when working with a mortgage broker. You want someone who can listen to your needs and explain things clearly. You should also feel comfortable working with them.
The right mortgage broker company can help you find an ideal mortgage, so take some time to look for these five things when considering mortgage brokers.
Our goal is to help you find the perfect mortgage that suits your needs. Use these tips when looking for a mortgage broker to hire and you won’t be disappointed. My Mortgage Line is a Calgary based mortgage company committed to helping families succeed. We are here to help you find the best mortgage for your situation and lifestyle. Ready to get started? Apply online today, or contact our team!