Mortgage Brokers Mortgage Broker And Second Mortgage in Toronto | Page 3

QUESTIONS TO ASK WHEN
HIRING A MORTGAGE BROKER
• Ask about the current interest rate. No matter what benefits you get,
never make a decision without getting clear information regarding the
interest rate on your loan. Some mortgage brokers might advertise
low-interest rates but surprise you later with hidden charges.
Therefore, it is imperative to know exactly how high the internet rate
is going to be in the coming months.
• Ask them about different loan programs they might be offering. A
good mortgage broker will specialize in home loans, but they may also
be in a position to help you with other loan programs. Be sure to
know about their specialty and the way they can help you in other
ways.
• Ask them to share complete and clear information regarding their
origination fees. Many brokers do not touch it properly and make you
cut a deal first. Do not make this mistake. Also, ask them clearly about
any other costs or fees you should know about before signing the
dotted line. The more you ask about those fees and costs, the lower
the chances of you feeling surprised and betrayed later.