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What to Look for When Choosing a Mortgage Broker

If you are looking to buy a home or refinance the one you have, you’ll need to talk to an expert in mortgages, such as a mortgage broker. We at Donna Mullen & Associates have been working as mortgage brokers for many years, and we know a thing or two about what makes someone right for the job. In this article, we’ll go over a few key things to look at when choosing a mortgage broker in order to make sure you are in good hands.

  • Application Process- Before you commit to a mortgage broker, you should take the time to look into their application process. Ask about things like the broker’s average time to closing, its estimated third-party and lender fees, necessary documents and deadlines for submission, etc. The more you know about the application process, the better prepared you will be.
  • Experience- Another thing to consider when choosing a mortgage broker is the team’s level of experience. Your ability to buy or refinance a home is not something to leave in the hands of beginners, so make sure the broker you choose has had time to master their trade. Our founder has over 25 years of experience in the financial industry, so you can rest assured that you are in capable hands with us.
  • Communication Skills- Lastly, we recommend looking for a mortgage broker with excellent communication skills, and one whose communication style suits your own. You are counting on this expert to communicate critical information to you about your financial situation and prospects, so it’s important to make sure they are equipped to do so in a way that you can understand.