A mortgage broker is an individual or company that sells products for banks or individuals. They use a specified network of lenders to find the loan that is right for their client. They match a person’s needs with the right loan. Being able to recognize a good broker is an important part of finding the right loan for your needs.
They Should Have Time for You.
A good broker will have time for you. No matter how busy they are, how many clients they have or what meetings they attended that day, they will be able to talk to you to update the status of your application or loan documentation. Even if they do not have the physical capacity to talk to you, they should have qualified personnel on hand who should be able to answer all basic questions for you. HRC has the best team around ready to answer your questions!
Who is Qualified?
Research your broker’s history and how long they have been in business. For example, we have combined experience of over two decades! Take special note of where your broker might have worked before their current employment. These are easy questions to ask and most people do not have a problem answering them unless there is something that they might be trying to hide. Use a good reputable brokering agency to get good service and access to quality loans.
We don’t feed in to high pressure tactics and neither should you! A mortgage broker is not there to pressure you to take one of their loans. Our job is to find the best loan for our client. Your broker should be able to give you a recap of the loan and the specifications before you sign the dotted line.
Your Success is Our Success!
You can use these points to asses a mortgage broker but if the information does not make sense to you, ask until you understand. A good broker wants to see you succeed and will take the time to slow down and make sure that you are receiving a loan that fits your budget and lifestyle. They will not be interested in providing a loan that you cannot afford.
Home Reliance Capital Corp has access to many different loan types and can offer you more than just one choice. We know that one size does not fit all when it comes to home loans. There are many different loans on the market that have different specifications that can be tailored to fit your individual needs. The mortgage experts at HRC will get to know your needs and make them the primary search for your new loan. Assessing a broker is not always easy but by sticking to what you need and having a broker who will do the same then you are on the right track. Let the professionals at Home Reliance Capital show you YES, you CAN have the right home loan for you!