Any mortgage broker can keep you up to date on Michigan mortgage rates and help you find a loan. But at Gem Home Loans, we go the extra mile. Nobody – and we mean nobody – has as much of a focus on individual attention as we do. While we always recommend that people shop around for a mortgage broker, we feel confident that you’ll eventually choose us.
Shopping for the Best Mortgage Broker
Anyone can do a Google search and call the first mortgage broker that shows up. If you really want to make the right choice, however, you’ll want to do more than that. Like other companies, we try to find you the best deal. But we’ll always take the time to carefully explain all of your options so you are comfortable with your final decision.
While you’re looking for a mortgage broker, prepare yourself by putting together some questions you’ll want to ask each of the ones you’re considering. Here are some of the best ones to keep in mind.
- How does your application process work? – You’d be surprised at how many mortgage brokers don’t want to say exactly how they process client applications. But that’s one of the most important things you’ll want to know. For example, you’ll want straight answers on how much each broker charges in third-party fees and lender fees. You’ll also want info on how long it will take for you to close, what your debt-to-income ratio needs to be in order to qualify for a loan, and more. If a broker doesn’t want to answer those questions, scratch that company off of your list.
- How well do you communicate? – There’s nothing more frustrating than not being able to get in touch with a broker when you really need them. You don’t want to run the risk of choosing someone who will disappear. Make sure the broker you choose will be accessible, and will do a good job of getting in touch through the method you prefer the most. That could be on the phone, in person, via text messaging, or via e-mail.
- How will you get me the best rate? – Get a good feel for how your broker will negotiate the best possible interest rate. Tell the what kind of loan you’re looking for, how much you have for a down payment, and your credit score. At Gem Home Loans, we work with dozens of investors. This helps us find our clients great rates.
- How long have you been in business? – Buying a home is obviously a huge decision. You want someone by your side who has seen just about everything, someone with years of experience helping people exactly like you. If you’re buying a home for the first time, experience will be even more important. This is going to be a stressful time – you want someone who will take as much of the stress away as possible. You also want a broker who will spell out all of your options and be more than willing to answer all of your questions.
Experience the Gem Home Loans Difference
Whether you want to know more about Michigan mortgage rates, you’re interested in refinancing, or you have just about any other question regarding buying a home, Gem Home Loans will be ready to help. Contact us online or call (248) 780-1030.