Question 1

What does a mortgage broker do?

Accepted Answer

A mortgage broker works on your behalf to shop your loan across multiple lenders, rather than offering only one bank's products, to help find financing that fits your situation.

Question 2

How do I get started?

Accepted Answer

Reach out for a free consultation. From there, next steps typically include a pre-approval application and a conversation about your goals and budget.

Question 3

Is there a cost to work with a broker?

Accepted Answer

Broker compensation structures vary; some are lender-paid, some are borrower-paid.

Question 4

What's the difference between pre-qualification and pre-approval?

Accepted Answer

Pre-qualification is a general estimate based on self-reported info. Pre-approval involves a more thorough review of your finances and carries more weight with sellers.

Question 5

What documents do I need to apply?

Accepted Answer

Typically recent pay stubs, tax returns, bank statements, and ID — the exact list depends on your loan type and employment situation.

Question 6

How long does pre-approval take?

Accepted Answer

Typical pre-approval with supporting documentation can take 2-4 business days.

Question 7

Can you help first-time homebuyers?

Accepted Answer

Yes — first-time buyers often qualify for specific programs and down payment assistance options worth exploring.

Question 8

Do you help with refinancing?

Accepted Answer

Yes — refinancing can lower your rate, shorten your term, or let you access home equity, depending on your goals.

Question 9

How is my interest rate determined?

Accepted Answer

Rate depends on factors like credit score, down payment, loan type, and current market conditions.

Question 10

How long does the whole process take from offer to closing?

Accepted Answer

Although every closing is unique, we aim for 29–45 days. Closing can vary by lender/loan type.

FAQ

Frequently asked questions