When looking for a mortgage broker near me, check if they are registered with the federal government. This ensures they are in good standing and will fund your mortgage. The next step is to compare rates. You can do this directly with your banker or use a mortgage broker near me to get three quotes from lenders in my hometown who compete for your business.
Comparison shopping means you’ll choose the lender offering the best interest rate, fees, service, and value when it comes to protecting your down payment money. A mortgage broker’s job is merely to make sure all parties receive fair treatment in the process of securing a loan and processing all paperwork involved in applying for a home loan so that everything goes smoothly and efficiently between you, the lender, and appraiser/inspector who checks out the property.
Mortgage brokers near me can even help you avoid high closing costs, like appraisal and inspector fees which lenders often charge.