Searching for the right team to facilitate your Oakville mortgage can be overwhelming for any first-time home buyer. This is why it is important to ask your friends and family or even look up the reviews of local brokers in your area.
Before you begin this search, however, there are a few traits that you should look for. So, to help you get started, our team at Loewen Group Mortgages have listed 5 characteristics of a great mortgage brokerage.
Your local Oakville mortgage brokers should be experts in their field. They should use their knowledge to help guide and educate you throughout the home loan process. It can be confusing for homebuyers to find their perfect loan with all the different options available on the market today. Therefore, you want to be sure and work with a team that can help assist you in making the best choice.
#2: Easy To Work With
The mortgage process generally takes a long time to complete, which means you will be working alongside your broker for a few weeks. Be sure and choose someone who is easy to work with since this will not be a quick interaction between you two. Also, you want to make sure the company as a whole works well together as a team because this can help make the process run smoother.
#3: Have Your Best Interest
Be mindful of the Oakville mortgage brokers that are out there to just make money and don’t genuinely have a home buyer’s best interest. Instead, find someone who is willing to put your financial needs first and who will work diligently to ensure you get offered the most competitive rates on the market.
#4: Readily Available
The best mortgage broker team will be readily available throughout the day and can answer any questions you may have. They will work around your busy schedule and make themselves available for when it best suits you.
#5: Get The Job Done
You want to work with a team that will get the job done. Choose someone who works quickly and does not intentionally drag out the mortgage process. We all know this process can take a while, so choose someone who works efficiently so you can close on your home sooner.
For more information on characteristics of a great mortgage brokerage or to begin your Oakville mortgage application, please contact the Loewen Group Mortgages team at 416-907-3173.