Integrity, the most important quality of a mortgage counselor.

Before you can have any confidence in someone, you have to know that they have integrity. The same is true of your mortgage advisor - courtier hypothecaire.

The definition of integrity is: “The character or quality of an honest incorruptible person, of whom the conduct of his acts is above reproach.” Does the mortgage broker demonstrate that he will place your interests before the interests of the lender? - courtier hypothecaire

The answer should be YES!

If you have doubts, it is better to keep up your searh for another home loan consultant. You should have confidence that the advice and recommendations given to you are good for you (and not for him!)

The integrity of a mortgage consultant

The first step is to have a phone interview with the mortgage counselor (courtier hypothecare) and to listen to him well without telling him exactly what you are looking for. (For example: don’t tell him that you are looking for “the best rate for a 5 year fixed mortgage”.) Let him speak and answer his questions as if nothing is up. A good counselor will most likely try to understand your situation and your objectives better before beginning to advise you.

There is more than one product or interest rate

If he talks right away about interest rates or products, (5 year fixed, a mortgage line of credit, or a variable rate mortgage), he is most likely more interested in transacting a quick deal than he is in a long term relationship. The greatest savings come from small details over the years. Your advisor should be able to give you the best advice to pay off your mortgage more quickly (and save you interest) without adding any pressure to your budget - courtier hypothecaire.

You will know you have found a good mortgage consultant if he is able to offer you a number of solutions, as well as a number of lenders. A good home loan consultant has many products to offer for his customers to choose from.

Conflict of interest

One of the most important considerations when it comes to choosing your mortgage consultant is who he is really working for. If you are working with a banker who gets a bonus by bringing in a high interest rate loan, he is definitely not going to try to get you the best rate for his clients - courtier hypothecaire.

There are two sides to every mortgage, the one who pays the money and the one who receives the money. You, as payer, want to pay as little as possible. The bank, as receiver, wants to make the most. Does your counselor want to make money for the bank or save money for you?

Long term relationship

If your mortgage consultant takes a long term approach to your loan business, you will be better served. A consultant like this will contact his client annually and make sure they are on track or their mortgage goals.

You can find hundreds of mortgage consultants who want to make a fast loan deal. The secret is to find one who is going to stand by you throughout the years.

Take the time to find a mortgage broker who:

• Isn’t only looking for one fast transaction • Doesn’t just shop for interest rates - courtier hypothecaire • Does not have a conflict of interest between you and his bank • Saves you money with a good overall mortgage strategy

This is probably the most important step you can take.

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