Talking Points
- When purchasing a property, most borrowers will conduct their due diligence on the house, examining its structural soundness and the surrounding neighborhood. However, not all borrowers do a thorough vetting of the lender.
- Borrowers are advised to focus more on the individual who would be the mortgage broker, loan officer or loan originator rather than the lending institution.
- Among the questions borrowers should ask are: How long has the individual been in the field? How well or promptly does he answer questions? Does he want to know the borrower’s financial goals?
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