5 Must-Ask Questions for Your Mortgage Broker

Ask about mortgage pre-approval to set a clear financial goal and avoid credit report damage.
Discuss fixed vs. variable rates to decide which best matches your risk comfort and the market.
Clarify the extra costs such as appraisal, legal, notary, and administrative fees.
Clarify if your mortgage is collateral or conventional, as this affects terms and future borrowing.
Check what happens if you break your mortgage early so you know the potential penalties.