A Good Loan Agent is a Mortgage Matchmaker

The key to mortgage matchmaking is being a careful listener. The Diamond Certified mortgage brokers I talked to say a good loan agent will ask the right questions first and then find a loan at the lowest interest rate that fits your particular needs. To get a good match, ask questions and expect informative answers. The loan agent will pre-qualify you, evaluating your financial situation and credit scores.

Here are some strategies to use when shopping for a loan:

• Don’t make large purchases, such as a new car, while you are buying or refinancing a home, as this new debt may affect your credit scores and therefore the interest rate you are offered.
• Speak to your loan agent before you pay off or close credit card accounts. Lenders often prefer that you have cash reserves available for your regular payments.

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