4. You trust your broker too much
Mortgage brokers aren’t your best friends. The first thing you need to do is to personally check major offers for mortgage in local banks. It’s possible that you won’t require a separate broker to access such mortgage which can save you about 1-2% of the loan amount.
Usually, brokers tend to recommend to their clients those mortgages which pay the highest reward percentages. So, these guys won’t put your budget into consideration. Moreover, banks will make their interest rates a little bit higher because they need to pay the broker monthly or yearly. Therefore, it is a great idea to deal with banks directly with no middlemen at all.