Posts Tagged ‘Mortgage broker’
More Than a Low Rate – Mortgage Customer Service
So you have done your research, worked with a qualified Mortgage Broker and feel you have the best rate and mortgage terms for you. .....but how is your new mortgage lender at customer service?I say it over an over, but it is true.....there is much more to a mortgage than just a low rate. A low mortgage rate is not a substitute for good customer service. How much is it worth to you to have your mortgage close on time? How much is it worth to you to be able to speak to a live person when you have a question or problem with your mortgage? Well, I have worked with clients who have have every problem imaginable with their lenders and I'm sure each of them would have paid an extra few basis points to go with a dependable lender.Chances are your mortgage broker has placed clients with your lender in the past. Don't be afraid to ask him how their experience has been. Trust me we hear about it when our customers have a bad experience with the lender we placed them with. Most times it ...
Mortgage Documents – What you need to provide
So you have bought your first house and now you need a mortgage. You find a qualified Mortgage Broker in your area and he gets you a great rate......what's next? Well, the lenders are going to require proof that everything you told them about yourself is true. The world would be a much simpler place if they would just take our word for it, but unfortunately life isn't that easy. But don't worry, most of the documents you need to provide are quite easy to find. Keep in mind this post is dealing with a purchase, but you will most likely need to provide the same pieces of information for mortgage refinances and renewals. Proof of Income Your income is obviously one of the main things the lender needs to feel comfortable with before they hand over their money. They want to be sure the income on your application reflects reality and you are not going to default on the mortgage. Salaried employees will need to provide a job letter from there employer as well as 1 or 2 recent pay stubs. If a large portion of your income ...
Why Use A Mortgage Broker – Part 1
I was meeting with some First Time Homebuyer clients of mine over the weekend and it really reminded me of why people should use a Mortgage Broker when looking for their mortgage financing. There are several reasons....and I think I will do a few more posts high-lighting all of them, but the ones that seemed to be most obvious this weekend is flexibility and convenience. Unlike most banks, your mortgage broker is probably working 7 days a week when and where it is convenient for the client. I don't have set office hours and most of the time I am meeting with clients outside of my office at a location and time that is most convenient for them. There is no need to take time off work or use your lunch break to receive professional mortgage advice and low mortgage rates. The banks are catching on and now have mobile mortgage sales forces that work similar to a broker....but they can still only provide mortgage options provided by the bank they work for. So next time your mortgage comes up for renewal and you want a ...
