From choosing the right real estate agent to finding the perfect home and securing financing, navigating the home purchasing process can be a joyful occasion. However, it can also be a complex and stressful one. If you’ve already found your dream home in Dallas, Texas, and looking to finance the purchase, you may be wondering what your options are. You can research lenders and financing options and apply directly to the lender of choice, or you can go with a mortgage broker, like The Tuttle Group, which will assist you in securing a lender and completing the application process.
A mortgage broker is an individual or company that helps potential homeowners secure the best type of mortgage and rates to purchase a property by comparing the different rates and lending requirements of several lenders. Mortgage brokers typically charge originator fees of 1%-2% of the total loan amount. Either the borrower or the lender pays the fee, but never both.
Following the three tips below will help you find mortgage brokers in Dallas, Texas, that appeal to you:
Determine Your Mortgage Needs and Broker Criteria
Before starting the search, you should determine your financing needs and the qualifications you want your mortgage broker to possess. Ask yourself the following questions:
- What type of financing interests you? Do you want a traditional mortgage, need to refinance a current property to purchase a new home, or have to find fast financing and want a hard money loan?
- What qualifications are essential to you? Would you prefer to work with a licensed and experienced mortgage broker? Do you want someone familiar with Dallas mortgage lenders?
Shop Around
You don’t want to go with the first mortgage broker you come across. Finding the best mortgage broker for you requires conducting some research to find prospective companies. Conduct an internet search, check out third-party review sites, reach out to your local or state housing association, ask a trusted friend or relative for recommendations, or check with your real estate agent.
Interview Prospective Mortgage Brokers
Once you’ve narrowed down your criteria, you can begin contacting potential mortgage brokers. Before you choose a mortgage broker, make sure the broker can meet your needs. Meet with the mortgage broker and ask the following questions:
- What are your fees?
- What type of loan products do you offer?
- Which lenders do you work with?
- Would I get approved for a mortgage?
- Do you have experience working with borrowers like me?
- Are you licensed, and if so, which association licenses you?
- Do you have references from former clients?
You should be comfortable around your mortgage broker and confident that your broker is working for your best interests. Following these steps can help you find the right mortgage broker who can make homebuying more enjoyable.
Contact The Tuttle Group Today
The Tuttle Group is your Dallas, Texas, mortgage broker offering various home loan products, including conventional home loans, FHA home loans, and VA home loans. Our experienced loan agents provide you with outstanding customer service and competitive rates. Call us at 972-846-8115 or contact us online today to discuss your mortgage options.
