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There are many mortgage brokers, and in fact, there are more than banks in many places. As a mortgage is likely to be the largest financial commitment you will make for your family, it's crucial to ensure you get the right product. A mortgage broker will not only help you to find the best deal, but it can also simplify the whole process.

It can be difficult to decide who to trust when there are so many mortgage brokers. You should avoid certain industry sharks. Keep in mind that mortgage brokers are paid by the bank and not you. 

Brokers who will tie you up with a loan that they receive the highest commissions should be avoided. It is rare, but there are still some brokers who will do this. These accounts often have high-interest rates and fees.

Do your research before you call to make inquiries and, hopefully, before you buy property. Locate the local brokers in your area. Many will have a large organization with a well-known brand and a local office. Some may be solo operators who work from their home offices. Each is not better than the others.

Take a look at the newspaper ads, and then check out the websites. You can narrow your selection down to two to three brokers you like. A good broker will give you a consultation without any obligation. Take the time to meet with them.

You can get a feel for the operation and work ethic of a mortgage broker by meeting one-on-one. Professionalism and presentation speak volumes. Even if they are a bit messy, a good broker will always be clean and tidy.

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