Our goal is to help you get the best mortgage, and a key part of that is finding the right mortgage company. As mortgage brokers, we reach out to mortgage companies and negotiate with them on your behalf, meaning we can give you access to deals and rates you might not be able to reach on your own. However, we recognize that there are some independent spirits that prefer to conduct their search without outside assistance, and to help them, we would like to go over some tips on how to find the right mortgage company.
- Get Referrals- One of the best ways to begin searching for a mortgage company is to ask your friends, family, neighbours, and even Facebook acquaintances for referrals. Once you’ve gathered a list of companies, take a closer look at the people making the recommendations and identify whose situation is most similar to yours, as in the size of the loan, purchasing or refinancing, etc. Reach out to those people and get their honest feedback about their experience with the company, such as what they liked, what they didn’t like, and overall impressions.
- Check Online Reviews- In addition to interviewing your friends, we also recommend checking out a mortgage company’s online reviews before making a decision. You can check out sites like Yelp and the Better Business Bureau to get more data on the company’s overall reputation and the level of customer satisfaction they provide.
- Compare Mortgage Rates- While you’re checking out online reviews, you can also do some research on the mortgage rates offered by various candidates. You can even submit a request for estimates in order to get multiple offers to compare. Remember, however, that a broker will have a relationship with various lenders that can get you better rates than the ones offered in response to an online request, so it’s worth looking into that option as well.
If you’d like professional assistance in working with mortgage companies, we encourage you to give us a call at Centum Mortgage Store, Ltd. to get started.