It’s no secret that buying a home is one of the most important stages in an adult’s life. Like most milestones, buying a house can be extremely stressful and requires a lot of support and research. However, it doesn’t have to be that way with a great mortgage broker guiding you through the process.
Known as the middleman, mortgage brokers work between the client and the lender. They work with a variety of lenders which will enable them to find the best rates for your mortgage. Brokers are here to assist you in any way possible. Whether that be a simple question about condos or a complex one about the underwriting process. Brokers are basically your Mortgage 101 gurus who know the policies and the best rates you can get.
Compared to big banks, mortgage brokers can provide you better service which will make the process easy and stress free. Many first time home buyers believe that getting a mortgage from a bank you already work with will be easier. However, lack of communication and a high chance of you not closing on time can add stress that you never thought about.
The best mortgage brokers not only interact with the client but the realtors as well. Communication is key during the loan process which includes both the listing agent, buying agent, attorneys and insurance agent. With so many parts coming into play everyone needs to be on the same page.