When you interview mortgage brokers you are intent on working with you can take the opportunity to learn about loan terms, interest rates and various types of loans options available. Certainly, not all mortgage brokers have the same level of expertise. When you’re in the market for a broker you should always ask questions and address your concerns.
Determine when the broker has the patience to sit down with you and explain all the features of various loans programs and what loan best suits you. If a broker is representing too many lenders at one time they may not be well versed in the nuances of each loan option. Be careful of brokers who don’t seem to be up to date with loan rates and loan options. Ask your mortgage broker how long they have been working as a mortgage broker. It never hurts to ask questions about your home loan and what it means for you and your family for the long term.
We would love to help you out by answering any questions you may have whether you’re a first time home buyer or looking to refinance your current home loan. Give us a call at First Rate Mortgage in Fremont and we can help you with your home loan needs.
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