Friday, February 26, 2010

THE TEN COMMANDMENTS OF MORTGAGE LENDING

When it comes to getting advice on something as important as your mortgage, are you getting the service you deserve?

I've come up with a list of commandments or 'rules of engagement' - how I think a mortgage broker or agent should engage his/her customers. Check them out below...

• Thou shalt not charge exhorbitant fees
• Thou shalt not push a borrower into a mortgage they cannot afford
• Thou shalt not arrange a mortgage for a borrower who doesn't understand the risks of the mortgage ie. variable vs. fixed
• Thou shalt not arrange a mortgage at a higher rate of interest than is necessary in order to earn a bigger finder's fee
• Thou shalt not arrange a mortgage for a borrower on a longer term than is desired by the borrower in order to earn additional finder's fees

• Thou shall always return calls promptly
• Thou shall keep clients up to date with the status of their application
• Thou shall give borrowers honest feedback about their application up front, whether it is strong or weak
• Thou shall respect the privacy of borrowers
• Thou shall put the financial well being being of borrowers above all else and treat borrowers as you yourself would want to be treated

If you need my help with your mortgage, give me a call!

I look forward to hearing from you!

Sincerely,

David Grossman
The Mortgage Mensch
Tel: 416 876 2031
Website: www.mortgagemensch.ca

The Bank told the client he had bad credit...

The Bank told the client he had bad credit, but they didn't explain what the problem was or how to fix it. The client felt dejected and didn't know what to do...

For the full story, watch the video below...



When it comes to something as important as your mortgage, are you getting the service you deserve? Call me, David Grossman, The Mortgage Mensch, for the service and the personal attention you deserve, at 416 876 2031. Visit my website http://www.mortgagemensch.ca or send an email to david@mortgagemsensch.ca

If you are receiving this feed as an e-mail and don't see the post, please click back to the blog page http://mortgagemensch.blogspot.com/ as it is probably a video that has been posted. Thank you for subscribing to this blog! For more information call David Grossman at 416 876 2031 or go to http://www.mortgagemensch.ca to visit website.
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