{"id":4387,"date":"2017-10-04T17:49:39","date_gmt":"2017-10-04T23:49:39","guid":{"rendered":"http:\/\/www.montreal-realestate.ca\/english\/?p=4387"},"modified":"2019-03-29T17:30:14","modified_gmt":"2019-03-29T17:30:14","slug":"picking-the-right-mortgage-broker","status":"publish","type":"post","link":"https:\/\/www.montreal-realestate.ca\/english\/picking-the-right-mortgage-broker\/","title":{"rendered":"Eight Questions to Ask Your Mortgage Broker"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;3.17&#8243; custom_padding=&#8221;13px|0px|54px|0px|false|false&#8221;][et_pb_row admin_label=&#8221;row&#8221; _builder_version=&#8221;3.0.48&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; custom_padding=&#8221;0|0px|23px|0px|false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.0.47&#8243; parallax=&#8221;off&#8221; parallax_method=&#8221;on&#8221;][et_pb_text admin_label=&#8221;Text&#8221; _builder_version=&#8221;3.0.74&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;]<\/p>\n<p>By Jennifer Lynn Walker<\/p>\n<p>Having the right mortgage broker can be the difference between buying that dream house or missing out.<\/p>\n<p>It\u2019s particularly important here in Quebec. A broker who doesn\u2019t know our laws and doesn\u2019t speak the language can cause serious delays that end up pushing your deal\u2019s deadline.<\/p>\n<p>Sellers are already nervous. To ask for an extension could potentially kill a deal. Once there is an offer on the table, it typically takes 10-14 calendar days to land the financing for a residential property. But these days that timeline is expanding as the banks develop stricter criteria and create more red tape. That\u2019s why having the right people in place to bring that deal to completion is more critical now than it has ever been before.<\/p>\n<p><strong>8 key questions to help you find the right mortgage broker<\/strong><br \/> So don\u2019t go with the first mortgage broker you find. Shop around. Most deal-breaking delays can be avoided from the start by asking the following key questions to ensure you have the right mortgage broker:<\/p>\n<ul>\n<li>Do they know Quebec\u2019s laws and speak French?<\/li>\n<li>Will they be available when you need them?<\/li>\n<li>Will they represent you fully and not pass your case on to an assistant or let the bank deal with it all?<\/li>\n<li>Are they available on weekends for emergencies?<\/li>\n<li>Do they work for one bank or are they independent?<\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;1&#8243; custom_padding=&#8221;0|0px|29px|0px|false|false&#8221; _builder_version=&#8221;3.3.1&#8243;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.0.47&#8243; parallax=&#8221;off&#8221; parallax_method=&#8221;on&#8221;][et_pb_image src=&#8221;https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2018\/09\/Jennifer-Lynn-Walker-Image.png&#8221; _builder_version=&#8221;3.17&#8243; max_width=&#8221;66%&#8221; custom_margin=&#8221;15px||&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.0.47&#8243; parallax=&#8221;off&#8221; parallax_method=&#8221;on&#8221;][et_pb_text _builder_version=&#8221;3.8&#8243; text_font=&#8221;||||||||&#8221; text_text_color=&#8221;#000000&#8243; header_font=&#8221;|600|||||||&#8221; header_text_color=&#8221;#000000&#8243; header_font_size=&#8221;25px&#8221; header_4_font=&#8221;Alegreya||on||||||&#8221; header_4_text_color=&#8221;#aaaaaa&#8221; header_4_font_size=&#8221;25px&#8221; header_5_font=&#8221;||||||||&#8221; header_5_text_color=&#8221;#e02b20&#8243; header_6_font=&#8221;||||||||&#8221; header_6_text_color=&#8221;#e02b20&#8243; custom_margin=&#8221;45px|||&#8221; animation_style=&#8221;slide&#8221; animation_delay=&#8221;400ms&#8221; animation_starting_opacity=&#8221;100%&#8221;]<\/p>\n<h1>MEET JENN<\/h1>\n<h4>Real Estate Broker &amp; Educator<\/h4>\n<p style=\"text-align: left;\"><em>Jennifer Lynn Walker has specialized in buying and selling both residential and multiplex properties since 2003. She&#8217;s built a strong network of specialist, to give her clients a seamless experience throughout the real estate journey. Founder of\u00a0Montreal Real Estate Investor\u2019s Group, and Jolly Green Homes.\u00a0\u00a0<\/em><strong><a href=\"https:\/\/www.montreal-realestate.ca\/english\/meet-jenn\">How can I help you today?<\/a><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;3.17&#8243; custom_padding=&#8221;46px|0px|52px|0px|false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.17&#8243; parallax=&#8221;off&#8221; parallax_method=&#8221;on&#8221;][et_pb_text _builder_version=&#8221;3.17&#8243;]<\/p>\n<ul>\n<li>If they are independent, which banks do they have personal relationships with? (It helps to have pull if they need to ask a favour for a rush job.)<\/li>\n<li>Who is paying for the bank evaluation?<\/li>\n<li>What other relationships do they have out there? (Some mortgage brokers can get special deals with notaries or movers, which can help you save money.)<\/li>\n<\/ul>\n<p>The good news is that it\u2019s normally in the best interest of the seller to continue with the offer rather than drop it for the next one. However, you can increase your chances for a successful deal by ensuring your files are complete and you\u2019ve chosen the mortgage broker that best understands your circumstances and the deal you want to make.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;3.17&#8243;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.17&#8243; parallax=&#8221;off&#8221; parallax_method=&#8221;on&#8221;][et_pb_text _builder_version=&#8221;3.17&#8243; text_font=&#8221;||||||||&#8221; text_orientation=&#8221;center&#8221;]<\/p>\n<p>&nbsp;<\/p>\n<p>This article was featured in:<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.17&#8243; parallax=&#8221;off&#8221; parallax_method=&#8221;on&#8221;][et_pb_image src=&#8221;https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2018\/11\/The-Suburban-1.png&#8221; _builder_version=&#8221;3.17&#8243;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Jennifer Lynn Walker Having the right mortgage broker can be the difference between buying that dream house or missing out. It\u2019s particularly important here in Quebec. A broker who doesn\u2019t know our laws and doesn\u2019t speak the language can cause serious delays that end up pushing your deal\u2019s deadline. Sellers are already nervous. To [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"Having the right mortgage broker can be the difference between buying that dream house or missing out.\r\n\r\nIt\u2019s particularly important here in Quebec. A broker who doesn\u2019t know our laws and doesn\u2019t speak the language can cause serious delays that end up pushing your deal\u2019s deadline.\r\n\r\nSellers are already nervous. To ask for an extension could potentially kill a deal. Once there is an offer on the table, it typically takes 10-14 calendar days to land the financing for a residential property. But these days that timeline is expanding as the banks develop stricter criteria and create more red tape. That\u2019s why having the right people in place to bring that deal to completion is more critical now than it has ever been before.\r\n\r\n<strong>8 key questions to help you find the right mortgage broker<\/strong>\r\nSo don\u2019t go with the first mortgage broker you find. Shop around. Most deal-breaking delays can be avoided from the start by asking the following key questions to ensure you have the right mortgage broker:\r\n\r\n- Do they know Quebec\u2019s laws and speak French?\r\n- Will they be available when you need them?\r\n- Will they represent you fully and not pass your case on to an assistant or let the bank deal with it all?\r\n- Are they available on weekends for emergencies?\r\n- Do they work for one bank or are they independent?\r\n- If they are independent, which banks do they have personal relationships with? (It helps to have pull if they need to ask a favor for a rush job.)\r\n- Who is paying for the bank evaluation?\r\n- What other relationships do they have out there? (Some mortgage brokers can get special deals with notaries or movers, which can help you save money.)\r\n\r\nThe good news is that it\u2019s normally in the best interest of the seller to continue with the offer rather than drop it for the next one. However, you can increase your chances for a successful deal by ensuring your files are complete and you\u2019ve chosen the mortgage broker that best understands your circumstances and the deal you want to make.\r\n\r\n<em>Jennifer Walker has been active in Montreal Real Estate since 2003. She founded the\u00a0<\/em><em>Montreal Real Estate Investor\u2019s Group, which has more than 1,030 members. She\u00a0<\/em><em>specializes in environmentally friendly homes and helping beginner real estate investors.<\/em>","_et_gb_content_width":"","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[],"class_list":["post-4387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-buying-selling","category-mortgages-finances"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Learning How To Chose A Qualified Skillful Montreal Mortgage Broker<\/title>\n<meta name=\"description\" content=\"Having the right mortgage broker can be the difference between buying that dream house or missing out. Don\u2019t go with the first mortgage broker you find.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.montreal-realestate.ca\/english\/picking-the-right-mortgage-broker\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Learning How To Chose A Qualified Skillful Montreal Mortgage Broker\" \/>\n<meta property=\"og:description\" content=\"Having the right mortgage broker can be the difference between buying that dream house or missing out. Don\u2019t go with the first mortgage broker you find.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.montreal-realestate.ca\/english\/picking-the-right-mortgage-broker\/\" \/>\n<meta property=\"og:site_name\" content=\"Montreal Real Estate\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-04T23:49:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-29T17:30:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2017\/10\/joshua-ness-620524-unsplash-1024x683.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jennifer Lynn Walker\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jennifer Lynn Walker\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.montreal-realestate.ca\/english\/picking-the-right-mortgage-broker\/\",\"url\":\"https:\/\/www.montreal-realestate.ca\/english\/picking-the-right-mortgage-broker\/\",\"name\":\"Learning How To Chose A Qualified Skillful Montreal Mortgage Broker\",\"isPartOf\":{\"@id\":\"https:\/\/www.montreal-realestate.ca\/english\/#website\"},\"datePublished\":\"2017-10-04T23:49:39+00:00\",\"dateModified\":\"2019-03-29T17:30:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.montreal-realestate.ca\/english\/#\/schema\/person\/38280264b1c3c37ddc5057d0457569d5\"},\"description\":\"Having the right mortgage broker can be the difference between buying that dream house or missing out. 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