Step by Step Mortgage Guide

Reviewing Your Mortgage Broker

MortgageloansNJ.com

 

MortgageloansNJ.com works with a select group of mortgage brokers. You can always expect that our mortgage brokers will be diligent. If you are just looking to check on another broker here is some advice to follow when deciding which broker to work with.

• Get a description in writing if possible of what exactly is being provided. This will help you to fully understand the offer.
• Receive a good-faith estimate of the mortgage solution before closing. This includes an estimate of the numbers you can expect.
• Have the mortgage broker explain ALL of the costs associated with closing.
• Make sure the broker explains the process they use to determine your rates.
• Make sure the broker takes the time to meet you in person and takes the time to really work with you. You deserve more than a voice on the phone for a 200,000 plus business transaction. If the broker does not have the time to come and meet with you, then you do not have time to provide them with your business.
• If you have no clue what your broker is talking about make sure to have them slow down or put it in words you can understand, there is no shame in having something explained again. Remember they are the mortgage professional, not you.
• Call the State of New Jersey to check on any complaints about your mortgage broker. New Jersey Department of Banking 1-609-984-2777

A Final Note

These are just some of the guidelines you can use to protect your interests. Remember that all of mortgage brokers are diligent and want to keep your business. They are honest and reliable for all your mortgage loan needs. If you are unsure about your current broker, consider working with one our brokers and you will not be disappointed.

Request a consultation today, you will not be disappointed!

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