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3 Questions to Ask Mortgage Brokers

3 Questions to Ask Mortgage Brokers

lots of question marks

All mortgage brokers are not the same, so you should ask questions to be sure you find the best.

Mortgage brokers are plentiful in any area of the country and if you are in need of one then you should ask very specific questions to be sure you find the right one for your circumstances. Without answering these specific questions, you just might be getting the wrong type of mortgage, or end up paying too much.

Here are three questions you should ask any mortgage broker you are considering.

1. How long have they been in business? This is important as you should work with a mortgage broker who has experience, and not with one who just opened their doors.
2. Do they have references? Every mortgage broker you talk to will claim to be the best, but there is no better proof of these claims then past customers. Ask for a reference list and see what others have to say about a particular mortgage broker.
3. What fees do they charge? It’s important to know going in what types of fees you will be looking at for the services of your mortgage broker. As they are not all paid the same way, you will want to know that you are not paying more in fees that you should be.

Though these questions are not an all-inclusive list of what should be considered with a mortgage broker, they are a great reference point for you to start with.

Learn more about talking to a mortgage broker by visiting http://www.midlandmortgagecorp.com/mortgage-applications/overview today.
Posted Feb 28, 2013 by Midland Mortgage Corporation