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Top Five Things To Look For When Hiring A Mortgage Broker

Author: The Mortgage Girl | | Categories: Bank Mortgage , Builder Mortgage , Commercial Mortgage , Debt Consolidation , Down Payment , First Time Home Buyer Mortgage , Home Equity Line Of Credit , Home Renovation Mortgage , Investment Property Mortgage , Mortgage Broker , Mortgage Pre-Approval , Mortgage Pre-Approvalv , Mortgage Refinance , Mortgage Renewal , New to Canada Mortgage Program , Private Mortgage , Reverse Mortgage , Second Mortgage , Self Employed Mortgage

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Obtaining the right mortgage solution to finance your home is essential to fulfilling your dream of homeownership. As an inexperienced mortgage seeker, sieving through hundreds of mortgage products to find one that best suits your needs may seem overwhelming. At such times, it is advisable to work with an experienced mortgage broker as they make the mortgage process more manageable and less tedious for you. 

A mortgage broker will guarantee a successful mortgage application the first time around by helping you through all stages of your process - from pre-approval to completion. However, working with the right mortgage broker is an integral part of obtaining a favorable result. With so many mortgage specialists and professionals, it can be challenging to choose one that can meet your demands. To help you with the selection process, here’s a list of the top five things to look for when hiring a mortgage broker. 

1. Experience
It’s best to hire someone who has been working in the mortgage industry for many years and has been successfully doing it. An experienced mortgage broker will be able to steer you away from common pitfalls and mistakes that many mortgage seekers make.

2. Knowledgeable 
Find a mortgage broker who is up to date with all of the trends and qualification requirements and also knows how they will impact you. 

3. Can educate you
Look for someone who can explain the process to you in terms that are easy to understand. You should feel comfortable and more knowledgeable as the process moves forward. 

4. Communication 
An ideal mortgage specialist will ensure that there’s constant communication between you and the agent. Work with a mortgage broker who keeps you updated at every stage of the process by communicating clearly with you.

5. Availability
As the mortgage process can be ambiguous and time-consuming, finding a mortgage broker who responds to your emails and calls promptly is important. Your broker should reassure you by providing adequate answers to any questions that you may have. 

If you’re looking for the services of a mortgage broker in Edmonton, AB, reach out to Jackie Woodward at The Mortgage Girl. I have years of experience in helping clients obtain a mortgage product that best suits their needs. With access to several lenders, I can find a solution by considering the interest rate, affordability, and flexibility of the mortgage product. My services include first time home buyer mortgage, home purchase mortgage, mortgage pre-approval, alternative mortgage help, mortgage renewal, mortgage refinancing, second mortgages, debt consolidation, and much more. I serve clients across Edmonton, Gibbons, St. Albert, Sherwood Park, Thorsby, Millet, Leduc, Stony Plain, Spruce Grove, Fort Saskatchewan, and the surrounding areas.

To learn more about the services I offer, please click here. To get in touch with me, please click here.