How Should I Prepare Before Meeting with a Mortgage Broker?
List out the mortgage features, such as rates, terms, and size, that you hope to obtain. The best way to make sure your mortgage broker can help you find the loan you need is to communicate exactly what you are looking for in a loan.
You should also make sure you are familiar with your own finances. Be prepared to obtain financial documents, such as employment records and proof of income. The broker will evaluate this information to get a sense of what types of loans and rates are possible, as well as set expectations.
Before your initial meeting with your mortgage broker, you may find it helpful to research your area, pick a desired loan size, and gather the documents and personal information you will need.
- What Is a Mortgage Broker?
- Can a Mortgage Broker Offer FHA, VA, or USDA Loans?
- Are Mortgage Brokers Connected to the Financial Crisis?
- Can a Mortgage Broker Offer Jumbo Loans?
- What Are the Limitations of Using a Mortgage Broker?
- Will Using a Mortgage Broker Save Me Money?
- How Can I Find a Mortgage Broker?
- Do I Communicate with the Lender While Using a Mortgage Broker?
- What Will a Mortgage Broker Need from Me?
- Who Pays the Mortgage Broker?
- How Do Mortgage Brokers Find and Select Mortgage Loans?
- What Are Some Questions I Should Ask a Potential Mortgage Broker?
- What Happens If My Loan Is Declined When I Use a Mortgage Broker?