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Tuesday, July 21, 2009

Mortgage Brokers - Using The Right One Will Get You The Best Deal

By Carol Bell

A good mortgage consultant is something each wannabe home-owner or experienced property financier wants to have on their side. There's no lack of brokers out there and they come in all sizes and shapes with diverse personalities.

What folks don't understand is if you have got a very useful and friendly broker, it can actually contribute in your complete angle about getting a loan. When you have a good financial consultant, you'll often have a pretty unstressed loan process and they're going to be able to explain it all to you easily and simply.

So how do you know if you have a good broker There are some very simple things that will tell you right away if your broker is good or not. One of the best ways to judge a mortgage broker is just with common sense. Does your broker like to talk and have an excited attitude

That can definitely improve the experience for you but there are other factors to consider. Punctuality is very important and someone missing dates can be infuriating. If your broker says they will call at 6 pm and they miss it every time, it might be a problem. You really want someone very punctual.

The broker should be ready to list off mortgages and programs by heart too. It isn't a great sign if they are flipping through a book every couple of minutes to look up terms and agreements. A good way to say if your home loan broker is good is to make certain they are ready to answer any query possible without getting annoyed.

Ask them something a couple times in one sitting just to see what they do. If its obvious they are annoyed and dont ask why you repeated it, they might not be paying attention and just reciting some spiel they use on everyone.

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