Mortgage Parker Colorado: Before Using a Colorado Home Loan Broker, Ask These Seven Questions
ByToday’s Mortgage Parker Tip is a recap of what you should ask when selecting your Colorado Home Loan Broker. Start by checking the Colorado DORA site to make sure that he/she is licensed. These questions will help ensure that your next Colorado home loan is a “Good” one.
The Seven Questions - Mortgage Parker Colorado Broker
What is your rate? It doesn’t matter what the loan program you ask about, but what the response is. If the Mortgage Parker Colorado Broker gives you a rate without asking any questions, just thank him and hang up. You want a “Professional” Colorado Home Loan Broker; not “An Order Taker”.
Do You Own Your Home? This next question is if the Mortgage Parker Colorado Broker asked you a lot of questions to properly determine what your situation is and what your Colorado home loan goals are. You want someone who has been through and understands the process.
How Long Have You Been Doing Parker Mortgages? You want someone who has at least five years of experience to do your Colorado home loan.
What Parker Mortgages Do You Offer and What Is Your Niche? As Brokers, we usually have the same programs available with the exception of Government loans i.e. FHA. The reason for that is you have to get approved to offer these programs and some Parker mortgage companies won’t spend the time and money to get approved. If they answer that they can do ALL loans, this is a Red Flag. You want a Specialist.
Why Should I Get My Parker Mortgage or Colorado Home Loan From You? You are looking for details of exactly how he/she operates and not just he/she will provide great service and/or you will get you the lowest rate. Don’t fall the song and dance routine.
How Do You Determine When to Lock My Parker Mortgage or Colorado Home Loan? Unless he gives you names of services that he uses, don’t trust or use him. You should hear names like Mortgage Market Guide, Mortgage Coach RATEWatch, Rate Alert, or RateLink. It’s doesn’t matter which service he uses as long he is using one. Without this service, you run the risk of not getting a good rate.
What Parker Mortgage or Colorado Home Loan Do You Recommend that I Get? If you get only one recommendation, don’t use him. You should get several options to choose from so you can achieve your financial goals and get the “Right” Parker Mortgage or Colorado Home Loan.
The next Parker Mortgage Tip will address the new HUD “Shopping for Your Home Loan” booklet that is required to be given to you by your Mortgage Parker Colorado Broker prior to getting your Colorado home loan.