Tips to find the best mortgage broker...

hardik Soni · Joined: 16 Jun 2010 Posts: 42 Location: India

Here are some tips to find the best mortgage broker for your mortgage loan:

Contact state and local boards of Realtors for lists of mortgage brokers in your area. Ask your own real estate agent or friends for references.

Call recommended brokers and ask how many different lending institutions they work with.

Ask prospective brokers how they are compensated. Brokers work for either a flat fee or a percentage of the mortgage amount.

Ask what types of institutions, or individuals, the broker works with. This can be particularly helpful if you are having trouble getting a loan through conventional local lenders.

Ask about different loan programs that might be available. A good mortgage broker keeps a steady eye on the markets and can provide you with help getting a special deal, such as public money that is available for first buyer.

Do you have more tips to find the best mortgage broker ?
Thanks.

clange33 · Joined: 10 Dec 2010 Posts: 3

Thanks for the help I'm from New York and I found a great mortgage company, AMB Mortgage. They made the whole process simple and painless.

rahnjoseph · Joined: 06 Jan 2011 Posts: 5

These tips are the general redirection towards practical thinking but not that much helpful in mortgage business.Anyways the effort is good.

paydayloan · Joined: 06 Jan 2011 Posts: 9

Hi,

Thanks for sharing your views. Searching for a good mortgage broker is a challenge in itself. I think its better to take suggestion from your friends or families members about this. We can also search register broker's on website also.

Thanks