Tips for Mortgage Brokers

1. Learn which lenders offer products that fit the deal you are trying to place

2. Fully understand the deal and what the client is trying to accomplish

• How quickly does the deal need to be closed

• Are there are issues with credit, bankruptcies, cash flow of the property, title, etc

• Is there a story behind the transaction

3. Watch out for brokers masquerading as lenders

 

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