6 Mortgage Questions You Should Ask Your Broker | Top Mortgage Questions for First Time Homebuyers

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Important! 6 Questions to ask your mortgage broker before buying a home!

In this episode, The Village Guru, Mississauga Real Estate Agent and Realtor goes over important mortgage questions you should be asking your broker before you decide on a lender in order to understand the home buying process better and get the best deal possible. Finally, asking the right questions can help protect you if the home has any trouble with its appraisal.

This is part of a larger series of videos on buying first home tips and advice Canada.

For more real estate information or to contact Jeff see info at the bottom of this description!

Important mortgage questions to ask:

0:36 - How much mortgage do you qualify for? The difference between a condo mortgage and a house mortgage.

1:33 - What are all of the additional costs of the mortgage?

1:52 - CMHC mortgage insurance

2:24 - Have them explain the difference between a fixed rate vs variable rate mortgage.

2:45 - What's the pre-payment penalty? How much will it cost to break the mortgage early if you move?

3:29 - What's the mortgage brokers commission?

4:13 - How does the home appraisal process work?

Let's Connect on Social:

Contact:
Jeffrey O'Leary, Mississauga Real Estate Broker
Better Homes and Gardens Real Estate Signature Service
186 Robert Speck Parkway, Mississauga, ON, Canada
1-905-896-4622

#realtor #realestateagent #mississauga

Top Realtor in Mississauga

[thevillageguru]

What's the most important question you have about getting a mortgage? Leave a comment below!