A mortgage agent can be a great asset if you are looking for someone to help you shop around for a mortgage. A mortgage agent is fully licensed to perform various activities associated with mortgages on behalf of a mortgage broker.
However, how do you find the right Ontario mortgage agent? A great way to start is to ask the following questions when you meet with a mortgage agent for the first time:
What kind of hours are you available?
With houses going on the market and then selling sometimes within hours, it can be vital to have quick access to your Ontario mortgage agent. Most mortgage agents will have the standard office hours (such as 9 a.m. to 5 p.m., Monday to Friday), but may also be available for urgent matters outside of office hours.
Ask your mortgage agent how to reach them outside of office hours (such as by email or text) and how quickly you can expect a response from them.
How many lenders do you have access to?
Another thing you should ask your Ontario mortgage agent is how many lenders they have access to. You want to work with a mortgage agent with access to banks, credit unions, and alternative lenders.
By having access to various lenders, you will have more options to choose from and ensure you get the lowest mortgage rate you are qualified for!
Can you provide me with client references?
Another way to ensure that you get the complete picture of what it will be like to work with your Ontario mortgage agent is to ask them to provide client references from satisfied clients.
You can also take a proactive approach and look online for reviews (such as Google or Yelp) to learn about a mortgage agent before approaching them. Or, you can ask friends and family if they know any Ontario mortgage agents that they would recommend.
How would you describe your approach to your work?
Working with a mortgage agent who you can get along with is essential. You may prefer someone who is relaxed and friendly, but still good at their job. Or, you may prefer an Ontario mortgage agent who is more formal in their approach and keeps your relationship business-like at all times.
There is no “right” answer to this question, but the answer to it will help you determine if the mortgage agent you are meeting with is the right one for you.
Getting Started With a Mortgage Agent From Northwood Mortgage
If you are looking to buy a home, it can seem overwhelming to decipher all the new terminology associated with mortgages and the quickly changing mortgage rates.
When you work with an Ontario mortgage agent from Northwood Mortgage, you are working with a licensed professional who will find you the best mortgage solution to suit your needs.
To get started working with us, call at 888-257-8130 or contact us online today!
