The following are some beginning questions to ask the mortgage broker before hiring them to work on your behalf:
Can you get references?
How long have they been a mortgage broker?
How are you compensated?
Do they do rate locks?
Take the time to do your research with a mortgage broker before you sign any paperwork with them. When you have done your research, you will readily understand what they are discussing. The worst thing you could do is show and not understand what they are talking about. If you show up prepared, then you know if they are telling you what you want to hear or being honest with you about different aspects of home ownership or selling your home.
