Purchasing a home is an exciting event, and because it is likely the largest investment you will make, it can be intimidating to even the most informed consumer.
With that in mind, selecting a mortgage broker is an essential part of the buying process. The right mortgage brokers can offer valuable advice and assistance even before you find the home of your dreams.
Keep these three important things in mind when working with a professional mortgage broker:
Many buyers set a number they believe they can afford and begin looking for a home without ever consulting a professional, only to learn later they have made a mistake.
Meeting with a mortgage broker can help the homebuyer determine what they can actually afford and alleviate disappointment or heartbreak. When you meet your broker, you will disclose your overall financial picture with regard to debt, income, and assets. They can evaluate this picture for you and help you identify a realistic range that is ideal for your situation and that will help you in the negotiating process.
If you’re serious about finding out about how much you qualify for in a mortgage, fill out our mortgage pre-qualification tool! It is fast and easy and we will call you to go over the details of your pre-qualification.
A mortgage is about more than just a rate. Rates fluctuate, sometimes daily, and many buyers focus too much on the rate alone.
If you meet with a financial advisor, you want solid financial advice and not just a number, and meeting with a mortgage broker should be the same.
A mortgage broker can help you navigate the details of a variety of mortgage products and help you find the best product for your personal situation and help you save money over the long term.
A mortgage broker knows the ins and outs of the mortgage lending industry.
Using this resource is the most efficient way to get the best priced and best-structured mortgage for your needs. We are available to answer your questions throughout the buying process and can alleviate much of the stress that comes with making such a large financial investment.
The benefits of using a mortgage broker are abundant. At Shop Mortgages, our team of experts can walk you through virtually any real estate transaction, so if you have questions contact us today!