A mortgage broker works independently or for a brokerage and can help you apply for loans from several lenders to save time and avoid stress.
A mortgage broker will be paid a percentage of the loan amount by you or by the lender. Fees are only paid when a mortgage is finalized.
Ask family members, friends, coworkers or your real estate agent to recommend a mortgage broker they have worked with in the past.
Interview several brokers and ask about their training, experience, communication style and fees.
Make sure a broker is licensed. Check online reviews and look for complaints.
Base your decision on individual characteristics, not a company’s reputation.
