WalletHub makes it very easy to locate the best Mortgage Brokers out there. Search through mortgage brokers you’ve done business with or even compare over eighteen,000 mortgage brokers from all over the nation. You can use the filter tabs below to sort brokers by location and rating, or if you already know a good mortgage broker you enjoy hearing from, you can just search by name.
Take a quick look at the map to determine which brokers are the most convenient to you. WalletHub will show you which cities have the largest population of each type of mortgage broker. That’s because they typically target the same demographic and have the same kind of business interests. For example, brokers in bigger cities will typically be easier to work with than those in smaller towns.
What’s the best mortgage deal out there? That depends on your situation. Your circumstances, combined with what you need out of a mortgage broker, will help determine the best choice for you. The choice you make will depend on things like your down payment, interest rate, and whether you need an adjustable or fixed rate.
Determine what qualities to look for in a mortgage broker. Look for honesty in mortgage agents. Honesty is a big key here, since your money is important to you, and you don’t want to entrust your financial future in the hands of someone who can’t be trusted. Look for testimonials as well, since they can provide a wealth of information about a mortgage broker’s reputation.
Once you narrow down your search to brokers that meet your specific requirements, check them out with the Better Business Bureau. This will provide you with a third-party review of how a broker has performed in the past. While it’s always best to go with the person who’s had the least number of complaints against them, the fact remains that it can make a big difference if the complaints were legitimate. Additionally, look at the length of time the broker has been in business. The best mortgage brokers are generally active in their industry for at least a few years.
Do your homework when it comes to choosing a broker. You should know exactly what fees to expect, such as origination fees and exit fees, and you should understand the total cost involved in a transaction before you get started. Do some research on the internet to learn about the various rates available from different lenders. There are several sites out there where you can compare loan products to see which ones have the best interest rates. Taking the time to compare and contrast interest rates between different lenders will help you find the best mortgage brokers for your needs.
Pay close attention to the service you receive. Although a mortgage broker is supposed to be knowledgeable and helpful, if they don’t return your phone calls or respond to emails in a timely fashion then you may want to consider hiring another broker. A good service record is one of the most important factors in determining that the best mortgage brokers are. Ask your friends and family members about the mortgage brokers, they have dealt with and inquire about their experiences with each of them.
Remember, the best mortgage brokers will be able to find you a good deal on a mortgage. It’s just as important to do your research and compare loan offers from a variety of lenders so you end up with the best deal possible. By doing your homework, asking lots of questions, and comparing loan offers you’ll be able to find yourself a great mortgage broker.