Choose Wisely – A Comparison of Mortgage Brokers And Banks

There are several factors that go into finding the best rates of interest on a home in Aurora. Here is a list of the top 5 questions to ask your mortgage broker when you are in the market for a home mortgage. Read More –

Mortgage Broker vs Bank: Who’s the Best?

What types of credit are you reporting on your credit report? Most lenders use a credit check as part of their underwriting process and many will check your credit history before they approve your loan application. This means that if you have not kept up your credit for the last several years, you may be paying very high rates of interest on your mortgage. If this is the case, it may be time to get a clean credit report and start rebuilding your credit score.

Are you currently employed by a mortgage broker? While you should feel confident about the lender you are working with, it is important to make sure that the broker has a good track record of helping borrowers obtain the right mortgage for them. If the Aurora mortgage broker you are working with does not have a good track record, do not consider that broker to be a good lender. The fact that a mortgage broker works with you should be a positive sign to you. Ask other clients what kind of mortgage experience they had from their Aurora mortgage broker.