Before you start house hunting, it’s a good idea to consider getting a pre-approved mortgage. A mortgage broker can help you find the best option.
It’s not surprising that more and more people are seeking out the help of mortgage brokers. It makes the whole process easier! But, what should you look out for when choosing your mortgage broker? How can you find the best mortgage broker in Littleton?
Here are the things you should consider.
1. Consider Recommendations from Friends and Family
Who do you know that recently bought a house? Did they use a mortgage broker? It might be worthwhile to ask. If they had a good experience, consider contacting who they used.
2. Do Your Research
Even if the mortgage broker comes recommended by friends and family, do your own research. Check their reviews. Look at their credentials. Does it all check out? See what kind of experience they have. It is also a good idea to do a rate comparison here. Is their price fair? What do other people charge? Find out!
The Residential Lending team has over 90 reviews with a 5-star average! You can check them out here.
3. Meet With A Few Different Mortgage Brokers
Meeting them in person can give you an idea about if you want to work with them. Do they seem reliable, knowledgeable, and trustworthy? You can use your gut-instinct on this one. It also gives you a chance to ask questions. Ask about their previous experience. Ask them what they think about your budget and your situation. Do they seem organized? Attentive? Have they addressed your concerns? Aim to look into at least 3 different brokers. It can give you some idea of what you want and what to expect.
4. Find Out Their Rates and Fees
Don’t leave this up to fate or leave it as a surprise for later. When you meet with them, find out what they charge. Do they give you options? A good broker normally would. They also should be fairly transparent here. What are the fees for? Make sure they communicate it with you and that you understand. And the broker should ask you questions too! If they don’t, they can’t possibly give you a full picture on what your mortgage fees and pricing could potentially be.
5. Choose a Broker!
Who do you trust the most? Who had the best rates? Consider all angles here. Break it all down on paper if you need to. Weight the pros and cons. Then, start working with them!
If you’re in need of a mortgage broker in Littleton, Residential Lending can help you! They can help you determine the best path and mortgage agreement for you and your family. Thomas is the trusted mortgage broker for our team.
David Hakimi is a real estate agent in Erie, Colorado. His team is one of the top real estate teams at Berkshire Hathaway HomeServices Innovative Real Estate. Looking for a home in Erie, Littleton, Denver or surrounding areas? Get in touch today!