Q&A: Why should I trust the advice of a mortgage loan professional?
Question by econqwest: Why should I trust the advice of a mortgage loan professional?
I have asked this question before – I would like to see if anything has changed.
Best answer:
Answer by Darke Angel
A mortgage loan professional is just like anyone else who gives you advice or an opinion. You take it or leave it. If you want someone trustworthy, talk with friends, relatives or other people who have had good experiences with them.
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Short Term Cash Advice
A good mortgage broker can offer you a number of choices and find the mortgage that best fits your needs. You can choose the mortgage that is least costly or that fits your requirements better than others. Some lenders are inflexible and their offer may not suit you but they don’t want to adjust. Others may adjust to fit the terms you want.
You really should not trust most of them. There are very few requirements to get the job and it attracts MANY unethical people. Trust one that your family or friends has used in hte past.
Do not forget they do not get paid unless they earn a commission. Also, not all banks offer equal commission, some will push the loan on you that means the most pay for them.
Never use one you can not meet face to face.
The question was, “why should i trust the advice of a mortgage loan professional?”, and the answer should be the same as the last time you asked it! You shouldn’t! Make sure you understand what they are offering you, and then check out the other options available to you. NEVER BUY INTO what they are selling automatically, there are always other options and one of them may be better for you! Rates, points etc…….Be studious and check them all out! Good luck!
Personal issue. However if you rely on any advice given by a professional with whom you have entered into a relationship with and you act on such advice and you are harmed by acting and relying on such advice, guess what; that professional is in big trouble legally and financially.