Mortgage Brokers Mortgage Broker And Second Mortgage in Toronto | Page 4

QUESTIONS TO ASK WHEN
HIRING A MORTGAGE BROKER
• Ask a mortgage broker how long they are going take to process the
loan. They may offer different programs but they may require more
time to process certain loan applications. Ask them about any
limitations they may have or you should know about.
• Ask your mortgage broker regarding any specific documents they
need to process your loan. It is better to get correct and complete
information about it in advance to prevent any issue later.
• Ask them clearly about the way they process their loans. Some
lenders and mortgage brokers process their loans in-house, but
others may hire a third-party company to take care of everything. You
should know clearly how your mortgage broker is going to work.