When choosing a broker, there are a few distinct things to be looking for. Aside from the best rates, you should also search for a lender who can work with you through the entire process of applying for a home loan, from credit checks to pre-approval. Consider these three factors when deciding on the best broker for your needs:
The Application Process
Knowing the average time to closing, specific document requirements, estimated fees etc., will help you narrow down your preferred broker.
An experienced broker can assist you in ways a novice may not be able to. Look for brokers with good references, reasonable accessibility, and clear, direct communication.
Your Own Credit
A low credit score or a less than remarkable credit isn’t necessarily a deal breaker for many lenders. Be honest about your scores with mortgage brokers right from the beginning so that they can search for home loans that are best tailored to you, especially if you’re an amateur homebuyer.
Stonebridge Mortgage Group can help you with your real estate loans and other mortgage solutions, both residential and commercial. We serve the greater Portland area and are located in Gresham, Oregon. Call us today at 503.661.5580.