Similar to other big life decisions the best first step is to talk with people you know and trust about how their experience was and what advice they can offer as you begin this process.
Finding a mortgage broker that’s right for you can be a seemingly daunting task, but if you educate yourself and ask some of the right questions it will make this processes a lot easier.
While speaking to your friends and family, ask if they know any brokers that they can recommend.
Look on Google, Facebook and Linkedin for reviews, testimonials and recommendations for mortgage brokers.
One of the great things about these platforms is that you can see if any of your friends or acquaintances have said anything about this person and you can ask them directly about their experience. Having this information will give you great insight into how
the broker will perform for you.
Take the information you’ve gathered and select 3-5 brokers who you think are worth speaking with.
Develop a list of questions and interview each of the brokers who made your list through your reconnaissance process. These questions will give you a sense of how experienced your broker is and how they will work for you.
Now that you’ve gathered the information you need, and these questions can help you evaluate and make narrow down your choices.
After doing all of the research and advice gathering you’ve done the necessary work to educate yourself and now you’re positioned to make the best decision possible.