June 16th, 2023 2:07 PM by Cathy Heckman
When looking for a mortgage broker to handle your precious home investment, THINGS to LOOK for?
Referrals from Family, Friends and Real Estate Agent
Have you heard good things about this person
Do your research online, verify this person and company through NMLS Consumer access
How long have they been in business, is it in your comfort zone
Do they have a rating on BBB (not a deal breaker but more info to reflect on)
Do they have a website and comments/ratings or reviews
Look them up on Social Media Facebook, Twitter, Instagram and other.
If you are looking for a long term broker and want more personal background on that person check out personal pages as well
Schedule a meeting with at least 2 potential brokers
Compare info and fee schedules: Have them do up a worksheet (All brokers are to give one)
Think about personality: friendly, helpful ideas, willingness to go extra mile, explain in a way you understand
Do they compare best rates for you and what YOU want to achieve (remember this is your investment, be it short/long term, personal, rental or business).