Tips on finding a good mortgage broker

April 12, 2008

1. Main concern is taking into consideration that the mortgage broker can actually get your loan on time. A lot of deals fall through because the mortgage broker cannot get the deal through on time and has less control than the original lender.

2. Secondary priority is to see that they have access to reasonable rates. Not all mortgage brokers have access to all sources and rates, although most of them will be alike.

3. You want to see that the mortgage broker is someone you can trust to get you the best rate in spite of how much money they make off the transaction.

4. Whenever possible, ask the broker for references.

5. Do your homework by comparing rates online first.