Quiz The Broker -
 What would you ask ???

1. Understanding Your Options

• Mortgage brokers have access to multiple lenders and loan products. Asking questions can help you compare options and find the best fit for your financial situation.

2. Getting the Best Interest Rate & Terms

• Brokers can negotiate rates and terms on your behalf. Asking about rate options, fees, and loan terms ensures you secure the most         favourable deal.

3. Clarifying Costs & Fees

• Some mortgages have hidden costs, such as product fees, offer fees, or  Early Repayment Charges. Asking your broker about all associated costs helps avoid surprises.

4. Assessing Loan Suitability

• Not all loans suit every borrower. By asking about fixed vs. variable rates, loan terms, and repayment options, you can choose a         mortgage that aligns with your financial goals.

5. Improving Your Loan Approval Chances

• A broker can guide you on improving your credit score, reducing debt-to-income ratio, and other factors that affect loan approval.

6. Understanding the Application Process

• Asking about timelines, required documents, and potential hurdles helps you stay prepared and avoid delays.

7. Avoiding Pitfalls

• Brokers can highlight potential risks, such as loans with high fees, balloon payments, or risky interest rate structures, allowing you to make an informed choice

8. Building a Long-Term Strategy

• A good broker can help you plan for future refinancing, investment properties, or strategies to pay off your mortgage faster.