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Whats the best way to get a mortgage loan through local banks or should you get a broker to shop around for you?


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Wiki User
2007-07-05 19:13:22
2007-07-05 19:13:22

I would like to get a broker to shop around for me. and compare the rates and terms for me visit: www.lowclosingcost.net

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In order to refinance your home, you should look for a reputable mortgage broker. Work with the broker to find a good plan to refinance you home by looking at you current mortgage.

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A mortgage broker in Canada should possess knowledge of the real estate industry; knowing how to make a deal. It is also important to have knowledge of the area where the work is done, to be able to better help clients. A mortgage broker should also have a strong relationship with lenders and have good communications skills.

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You should find a good Mortgage Broker, they have access to more mortgage options than a bank does. Check the National Association of Mortgage Brokers for information on you local state chapter. Call around!

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One should go to a mortgage broker in order to obtain a mortgage loan. In addition, some mortgage brokers may also deal with other specialized types of loans.

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If you are unsure of what you are currently paying on your mortgage, you should contact the bank, credit union, or broker who is in charge of your policy.


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