I always provide a list of mortgage providers who have been endorsed by my clients. These aren’t my personal recommendations because I don’t go through the process. But a home buyer needs to be happy with the buying process, and getting the money the right way is an important part of it.
What is the right way?
The right way often begins with a referral. If I or someone else suggests to you that a mortgage provider is responsive and productive, that’s a good place to start. A good mortgage provider is often a person who takes a complete look at your financial status, and comes up with a mortgage that suits all of your needs. He or she considers your financial strengths and liabilities, and comes up with a product that puts you in the best possible position to take advantage of your strengths, and shore up you liabilities.
A good mortgage broker does not try to sell you on a low rate alone, but the right mortgage provider is also going to get you the best possible rate that your financial situation merits.
Finally, a good broker operates in your best interest, and not the best interest of the lender or some third party. Honesty and transparency is important in your broker. If a broker is referred to you, you have at least one home buyer who is satisfied that the broker represented them in the most ethical, timely, and cost effective way possible.