Benefits of a Mortgage Broker
Here are the few things that the mortgage agents/brokers can assist the clients with:
- Mortgage brokers/agents are licensed professionals who look at your finances to determine the right type of mortgage for you.
- Mortgage brokers/agents assess and compare your needs and financial circumstances, identify suitable mortgage options for you, and determine if you meet the lender’s criteria.
- Mortgage brokers/agents gather whatever information and documents are needed and make sure all the paperwork is complete and submitted for the lender to approve.
- They also explain the features and risks of the mortgage and answer any questions.
- Mortgage brokers/agents review the rate, terms and conditions of the mortgage and negotiate with the lender and work with the lender and your lawyer during the closing process.
