Five Things To Keep In Mind When Working With A Mortgage Broker

Author: Leanne Gould Mortgage Broker | | Categories: Mortgage Broker , Mortgage Refinance , Mortgage Renewal

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Working as a mortgage broker during the pandemic was quite challenging with the number of changes taking place and most companies laying off large numbers of their staff. The only way to get anything done during the pandemic was remotely, and companies were struggling to get through the process. It was the only way they could get through, and most employers stated that they saw a significant decrease in productivity. People also complained that they could not get a lot done while they were at home because they were constantly bothered by errands that they had to run and personal commitments that kept coming up.

However, some mortgage brokers had built relationships with people over the years. They could leverage these relationships to assist their clients with getting good mortgage deals during the pandemic. However, when it came to getting a good mortgage deal, they had to make sure their clients could afford the premiums they were paying. A good mortgage broker also made sure they were getting the best mortgage available at that time and made the deal. They would sit with their clients, understand their requirements, and evaluate if they could make any changes or would have to stick to the changes they were going with.

When selecting a mortgage agent, most people are not even sure of what they are looking for. One of the challenges of working with a mortgage agent is to make sure that they have their clients’ interests in mind and not their own. At times, mortgage agents select options for their clients that would benefit them without taking their ability to make the payments into consideration, which could lead their clients to take a deal that doesn’t make sense for them.

Here are some pointers to keep an eye on when selecting a mortgage agent, especially because a mortgage would be one of the largest payments that a person makes. They have to make sure that they get what they are looking for.

1. Referrals
You should have some information about the professional. Have any of your peers or family worked with this person before? Is there a website or social media for this person that you are selecting? Did someone provide their name as a warm referral?

2. Reviews
As a professional, my social media posts are your business. I am a believer that no one person will ever have a perfect score as it is near impossible to please everyone. However, you should get a pretty good vibe from the reviews you read. Additionally, if they are a reputed mortgage broker or agent, the public would always be informed about the work they have done and reviews put up. Although people can make changes to the reviews put up on their website, they might not be able to do the same online, whether on Google or other websites.

3. Trustworthiness
Feel like you trust the professional enough to divulge very personal details or allow them into your home or private space. Professionals will work with you and can offer a variety of ways to carry out required processes. They have to know about information like debt so they can provide options where the monthly premiums would be manageable because piling debt is not wise. They also know varying financial institutions and might have options that offer a better interest rate. 

4. Connection 
You are dealing with monumental events in your life, and these are not decisions to be taken haphazardly. I like to feel some kind of connection with the people I choose to work for me and expect that my clients would feel the same. Some people want the brick-and-mortar building where the professional works, and some are more comfortable dealing with those they can deal with remotely. Ask where the professional works from, and if you have concerns, feel free to move on. 2020 did add some bumps to this theory for sure, so I am more than happy to answer questions to make you feel at ease in your decisions.

5. Detailed answers
Question the professional if something isn’t explained to your satisfaction or if you have questions regarding why an item is needed or why particular details are asked. In my world, as mortgage professionals, I ask for the details that can ultimately be protecting your identity and details.

If you are looking for a professional mortgage agent to assist with getting some of the best deals, get in touch with Leanne Gould Mortgage Broker. I have been a broker for more than a decade and have learned about the industry, not only through reading and books but through experience as well. I am working with multiple families and assisting them to find good deals and find the best mortgage. I have a large client base but am always open to adding a few more to the team.

If you are looking for a better understanding of the work that I handle or the services that I provide, please click here. If you want to get in touch with me or think I can assist in any way, please click here. Getting in touch doesn’t cost a thing. 

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