There’s little doubt, the biggest purchase in your life will be a home. So when you’re embarking on what can be both an exciting and stressful journey, you want the best professionals by your side. When it comes to picking a broker to handle your mortgage, it’s not always easy to decide who to choose.
There are roughly 18,000 mortgage professionals in Canada. While most are honorable and great at their job, it’s important to find the broker that works best for you.
Nowadays, there’s plenty of information or reviews on any given broker at your fingertips. While those searches can give you pretty good insight into a potential broker, there’s a few things you also might want to consider that can help make that decision a little easier.
I know it’s tempting to choose a broker who has an abundance of clients and years of experience in the industry. While it’s never a bad idea to go with the established, be open to picking someone who might be newer, hungry and striving to be better. Also, with a busy firm, you may end up being a small fish in a big pond, and not get quite as much attention as you’d like.
As brokers, we spend a lot time using our industry jargon because it comes natural to us. We work in it every day. But for the average person, some of the terms in a mortgage