As a homeowner you want the best mortgage for your family. This is true whether you are refinancing your current mortgage, taking out a second mortgage, or adding a home equity line of credit. Before you make a decision on any of these loans there are several questions you need answers to.

Mortgage brokers can use their expertise to quickly locate a variety of loans tailored for your individual situation. There are a number of things you need to know about these loans before you can compare and choose the best mortgage.

What is the Lock Period of the loan?

The interest rate you are offered for a given loan can change at any time. Most lenders give you a period of time where you are guaranteed this rate will not change. This is called the