subject: What Should I Expect When I Meet With A Mortgage Broker? [print this page] Congratulations! Not only are you about to embark on the exciting journey of buying a home, refinancing, or getting a second mortgage, youve chosen a mortgage broker to do it! Thats one of the biggest steps youll make in making sure that you get the deal thats right for you. But now that youve made the decision, and maybe even decided on the mortgage broker youre going to use, what can you expect the first time you go to meet with them?
Dont worry; its not like going to the dentist. Like all major life steps, meeting with a mortgage broker and securing a mortgage for the purchase of a home can be stressful. Youll have a lot riding on that meeting, but dont worry. You have a professional thats there to help you along every step of the way.
When you meet with your mortgage broker for the first time, your broker will need to know a little more about you. Your broker may ask you to bring some basic paperwork with you to detail information like your income and your credit. This is only to ensure that your mortgage broker has all the details and necessary information to find you the best possible mortgage for your needs and your situation.
Its this step that many people are the most uncomfortable about, especially when its the first time that theyre meeting with the broker. A lot of people are uneasy talking about their bad credit, or the hole of debt theyve dug themselves into. Its so very important that you dont worry about these things thats exactly why youre meeting with the mortgage broker in the first place!
And dont worry about feeling awkward or uncomfortable. Your brokers done this many times before, and even if you have a blemish on your credit or something that youd rather not share, its important that youre completely honest so that your mortgage broker can better serve you. In addition to that, your mortgage broker is not there to judge you they are there to help you. While you explain your situation, theyre not sitting there wondering how you could have let this happen theyre going through the many packages they know of in their mind, trying to determine which one will be right for you!
Its also extremely important to understand that whatever youre worried about probably isnt as bad as you think. You can rest assured that your mortgage broker has helped others with much worse credit and income histories, and that yours is not the most dire theyve ever heard. In addition to that, your mortgage broker will most likely stress the fact that nothing is impossible and no mortgage dreams are impossible. You, and your mortgage broker, can both make it happen!
Above all, remember youre meeting with a profession whos on your side. A mortgage broker wants to help you achieve more; both with your mortgage and in life. Its good to have allies.
