Christensen Financial INC is a Glen Allen mortgage broker. They act as a liaison between banks and you to arrange a loan. Mortgage brokers should act in your best interests when recommending loans.

We are here to help you:

* It is important to understand your goals and requirements.

* Calculate the maximum amount you can borrow.

* There are many options.

* Describe the process for each loan, including its costs (interest rate, fees, features etc.

* These are the fees and features.

* You can apply to borrow money and manage the whole process up until settlement.

Before meeting a mortgage broker

Check that the broker has a valid license

Verify that the Mortgage broker in Glen Allen is licensed to give credit (loan advice), before you meet with them.

* Representative for Credit

* Credit Licensee

Consider your must-haves and the nice-to haves

When you're looking for Glen Allen mortgage brokers to help with your home loan, think about what is most important to you. Do you want the lowest-cost loan possible? Do you want to have the option of making additional repayments?

This will allow you to have a more productive conversation with your broker. Make a list of all:

These are "must-haves" that you can't live without.

* "Nice-to haves" (that you don't need)

Finding a mortgage broker

Locate a Glen Allen mortgage broker by:

* A professional association for mortgage brokers

* Your financial institution or lender

* Recommendations by people you know

Meet with a Mortgage Broker

Bring your wish list.

Your broker should present you with multiple options. Ask your broker to discuss the pros and cons of each option as well as the cost.

Accepting the first loan is not a requirement. If you aren't satisfied with the loan offer, ask the broker for other options.

You may have a preference for a particular lender. The broker should show you loans from other lenders so that you can make comparisons.

Long-term home loans can be a costly debt. Even a small difference in interest rates can add up. If you find a lower interest rate from another lender, you could save thousands.

Ask your mortgage broker questions

Ask questions. Ask lots of questions. For example, take:

* Can you offer loans to different lenders? What lenders are you working alongside? Which lenders are you not able to access?

* How can you get paid for your opinion? What is the difference between lenders?

* Why did you recommend this loan to me? Which loan is best for you?

* What is the cost of getting this loan?

* What features (options) are included in this loan? Please explain how they work.

* How do fees and other features impact the loan's cost?

* Please give me other options, even one that is more affordable.

* What is the threshold?

* What can I do to prevent it?

Request a written quote from the broker

The following information can be obtained from a written quotation:

* Type of loan

* Maximum loan amount

* Loan term (duration).

* Current interest rate

* Fees that you have to pay (e.g. * Fees you must pay (e.g. broker's fee, loan application fee, ongoing fees)

You must be sure you understand the terms. Ask for clarification if you are not sure.

Don't sign any blank forms or give information to the broker for them to complete later. Do not feel pressured into signing a loan agreement. Another broker is also available.