Working Knowledge of The Market
A good mortgage broker is in constant contact with mortgage lenders and should have a thorough understanding of housing market happenings at any time. A good broker will use his knowledge and expertise to steer buyers in the direction that gives his clients the best possible outcomes.
They will also be able to explain the details of mortgage loan products and service in a way that homebuyers can understand, thereby demystifying the home buying process and alleviating any fears the homebuyer may have. They should also be able to help you understand the different types of mortgage loans and which one will be the best for your situation.