Mortgage Parker Colorado: Three More Questions to Ask Your Colorado Home Loan Broker
ByFor today’s Parker Mortgage Tip, these are the last three questions to ask your Colorado Home Loan Originator. These questions will help you determine whether you should get your Parker Mortgage or Colorado home loan from him/her.
Three Final Questions – For Your Mortgage Parker Colorado Broker
Why Should I Get My Colorado Home Loan From You? If you get an answer that he will provide great service or that he will get you the lowest rate, don’t accept it. Most Mortgage Parker Colorado Originators will give you this sales pitch. Please do not fall for it. Ask exactly how he is going to do that and then watch him do a song and dance. If the Mortgage Parker Colorado Broker is worth anything, you should hear things such as: he is structuring the loan to match your financial goals, or he is setting expectations for you and him such as how he operates, his availability, how often he will update you, his client retention program, etc. If he is trying to “BS” you, it will be easy to detect.
How Do You Determine When to Lock My Parker Mortgage or Colorado Home Loan? He should quickly tell you the specific tools that he uses. If not, don’t trust him. You should hear names like Mortgage Market Guide, Mortgage Coach RATEWatch, RateAlert, or RateLink. These are the primary rate monitoring services. With rates being so volatile, you need to have what I call, a “Personal Rate Shopper” who monitors the rates for you. I use three of these services so I can properly advise my clients when to lock their mortgage Parker Colorado or Colorado home loan. I highly recommend that you use a Personal Rate Shopper. You do not want to get burned by being quoted one rate and then getting a higher one at closing.
What Colorado Home Loan Do You Recommend that I Get? If you get only one option, that Mortgage Parker Colorado Broker isn’t doing his job. You should get several options to choose from. For instance, you can save a lot of money when you compare options over time depending on the rate, the terms, the closing costs, etc. You should see the various options so you can make an informed decision. I’ve used special software for over 6 years that allows my clients to easily compare and understand what loan program will be best for them. I guide them through the process. Unlike most Colorado Home Loan Brokers, I do not churn my clients. I get them the right Parker mortgage the first time. Again, if the Mortgage Parker Colorado Originator you are talking to isn’t doing this, you are placing yourself at financial risk. Please protect yourself by getting professional advice.
The next Parker Mortgage Tip will put all these questions together for easy reference. They will come in handy when you are interviewing a Mortgage Parker Colorado Broker for your next Parker mortgage or Colorado home loan.