While hiring a mortgage broker is more advantageous for most new homebuyers than working directly with lenders, it still pays to screen them for professionalism. Taking a few minutes of your time to ask your broker some serious questions can you save you from experiencing problems when you are ready to buy your dream home. Following are 10 questions that you should ask your mortgage broker before committing to any terms.
1. Are you affiliated with any lenders?
Some mortgage brokers work with only a limited number of brokers, which places a limit on your available options and prices.
2. Are you licensed or certified by the state?… Read the rest