Questions You Should Ask a Mortgage Broker
A mortgage broker act as a third party to help potential homebuyers get the best rate possible when securing a home loan. The Toowoomba mortgage brokers will do the legwork for you and you don’t need to go to each lender for a rate quote yourself. They receive compensation from the lender you have worked with or from the charges you pay. If you decide to pick a specific mortgage broker, make sure to calculate your prospective mortgage costs to have a full idea of what it could run you. But, before you choose one, make sure he/she is perfect for the role. Most importantly, you need to consider if you truly need a mortgage broker or not. Generally, most homebuyers go direct to lenders as using a mortgage broker requires additional middleman costs. But, if you choose a broker to sort through lender options and covers much of your work, it justifies the cost. To help you with your decision, here are the list of questions to ask a mortgage broker. What Are Your Fees? Mortgage brokers earn ...