Before your mortgage broker starts asking questions, here are some questions you should ask
Before you call a lender for a mortgage, give some thought to your financial situation and needs. This is the perfect time to sit down with your spouse and ask each other detailed questions about future plans, needs and financial realities. No lender can tailor a mortgage to you unless you can explain your needs clearly and specifically.
But the questions don’t stop there. There are many important questions you have to ask your lender too—in order to make sure you’re getting a mortgage that fits you correctly. That’s where we can help! We’ve prepared a report entitled “11 Questions To Ask Before Getting A Mortgage”. In it you’ll find full details on questions like:
• Would you recommend a closed mortgage or an open mortgage?
• What’s the minimum down payment for this loan?
• Is there a prepayment penalty?
• What are some of the things that could slow the approval process?
• And more!
Make sure you’re as well-prepared for your mortgage application as your lender is. To request your free copy of this invaluable insider information, send us an email to Info@expressCapital.ca