What to Look for When Choosing the Best Mortgage Broker

Moshe Farber
07, Jun 2022

As an aspiring homeowner looking for a mortgage broker, you might be tempted to choose one that offers the best rates. And, while a great mortgage broker should be able to get you the best rate possible, the mortgage rate shouldn’t be the only factor to consider. Rates are variable, and those who promise the best plans are often too good to be true. When considering a mortgage broker, look not only at rates, but at the level of service they provide. 

Are they responsive to your needs? Accessible and easy to reach? When the deal hits a speedbump, does your mortgage broker think of creative solutions on the fly?

Here are some other important qualities to look for when you’re choosing the best mortgage broker besides rate:

Maintained Communication

As a borrower, you’re probably constantly anxious about the status of your application. The best broker is someone who understands this tension and tries to relieve it with regular updates.  You’ll want someone that provides assurance while remaining open for discussions about anything you don’t understand.

Optimistic Problem Solver

Mortgage applications are rarely a perfect process, and many borrowers may face a few hiccups. To make things easier, choose a broker who can show the exciting part that’s still to come. They also need to be able to address issues as they arise.

Upright and Honest

There are some things that brokers can’t fix on their own: an increased rate, lower appraisal, etc. Instead of keeping these problems to themselves, a good broker will be transparent and tell you what’s going on, and then suggest alternatives or advise on the best way to proceed.

Final Thoughts

It’s not the promised rates that you should look for in a mortgage lender. Optimism, communication, and honesty are more important qualities! You can have these qualities and more when you work with me! Reach out today.

Searching for the best mortgage broker to help you close on your dream home? Look no further than ASTAR Home Capital. Reach out to one of our expert mortgage brokers today! 

Email info@astarteam.com or call 888-ASTAR-11 (888-278-2711) to start the loan application process.

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