Selecting the right mortgage planner
If you were investing the same amount of money you are considering borrowing right now, or have already borrowed, how would you choose your financial advisor?
For me, and an increasingly greater number of Canadians, making a decision to choose a Financial Advisor is not about the price of the investment product or stock that day. If I was considering the prospects of investing my own money into the financial markets I would choose my financial advisor based on his/her ability to build a customized investment strategy to grow my assets over time, that suits my personal financial beliefs, and finally on my confidence that he/she could pull off the recommended plan for me. In the mortgage business today, what I notice is people are blindly making a decision of who gets the privilege of managing their mortgage based solely on the mortgage rate on that day, for a product that may not even be the best fit for them. I encourage you to ask yourself this question through out your mortgage shopping journey...
Get the Answers!
Make sure you are working with an experienced Mortgage Professional. Those who have their Accredited Mortgage Professional (AMP) designation have to regularly complete 12 hours of professional development every year. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along the way. But how can you tell?
By asking the four simple questions I can provide to you, you will be able to determine the experience and capability of the mortgage professional you are talking to. I believe that every mortgage professional, whether they work at a bank or independently, absolutely must be able to answer them correctly.
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