A good mortgage advisor can find the best rates on behalf of you. Most importantly, they can help you to pay off your loan faster. Finding the right home loan or business loan that suits your financial status might be difficult especially when you have tight schedules and budget. You might thus be required to enlist the services of a financial advisor. This is someone who has been certified by the Financial Services Authority (FSA) to offer financial advisory services on behalf of their financial institutions. They always have wide skills and information relating to the various types of loan offered in the market. There are different categories of loan broker available in New Zealand. Some of the advisor work as independent and some of the advisor work through the agency. It is very important to find a good broker especially local. If you have a local adviser, you can easily pop into their office and discuss your financial circumstances and seek the best advice based on your need. In the West Auckland area, you must find many advisers who have a very good reputation in this industry for a long time. Global Financial Services Limited is one of them. If you need mortgage advisor in West Auckland, you can meet with Ravi at Global Finance. In this article, we will show you the benefits of a local mortgage advisor as discussed below.
1. Mortgage Comparisons
It is very important to find the best deals. We might be very busy with our daily life or job. It could be hard to pop in all banks to compare best interest deals. A local mortgage advisor will quickly explain the various types of loans provided by the financial institutions. This saves you the time of having to research them by yourself. You won’t also have to travel to the bank to inquire about them. He or she will be in a position to show you the best among the various options available.
2. Flexibility
60% people think, it is very flexible to deal with the mortgage advisor. Most of the adviser work after hours or on weekend. Since he or she is situated in your community, they are very flexible hence they can come to your location anytime you want. They can also make appointments with you during weekends and off-duty hours. This ensures that your business or schedules remain uninterrupted.
3. Finding a mortgage
With a local mortgage advisor, you won’t have to go out looking for a mortgage. This is because he or she is in a position to source a mortgage using software such as Trigold and Mortgage Brain. This will save you time and ensures that you have a variety of options unlike if you had done it on your own.
4. Acts as a link between you and the lenders
A local mortgage advisor will facilitate your transactions with the mortgage provider. He or she can speak with the lenders on your behalf to inquire about the options they offer and the conditions of the offer. He or she can also complete application forms on your behalf and deliver them to the lender as well as talk with estate brokers to confirm specifications of the loan.
5. Specialist advise
A mortgage advisor has a wide knowledge of the types of mortgages. He or she can thus explain to you in detail the pros and cons of each option available. This ensures that you make an informed decision. Besides, he or she can weigh your financial status against the option you have chosen so as to help you determine if you are in a position to repay the loan.
6. Records keeping
With a local mortgage advisor, you won’t have to keep records relating to the mortgage. He or she is in a position to keep records on when the mortgage deal will come to an end and on the regular repayment dates. They will contact you each time a repayment is due hence helping you to avoid default charges. Nowadays, mortgage agency uses high functional CRM system which can record your financial details. It can be handy to get further financial help based on your needs.
7. Up to date information
Another importance of having a local mortgage advisor is that you will be kept in the loop on new developments such as changes in legislation covering mortgages and macroeconomic events that may lower or raise the price of the mortgage.
8. Insurance advise
90% financial broker affiliated with other insurance brokers. So, you don’t need to seek to other offices for your insurance need. It can be one store service for your loan and insurance needs. You will always want to cover your property against any unforeseen events such as fire or burglary. Getting the right insurance cover is thus very important
With a local mortgage advisor, you won’t have to worry about this. He or she will be able to source you a cheap and suitable insurance cover.
As you have seen, there are various benefits that come with having a local mortgage advisor. These include specialist advice, insurance advice, records keeping etc. You should, therefore, hire one so as to be able to make the right choice as far as the mortgage is concerned. Trust me, getting a local mortgage advisor will save you a lot of unnecessary costs!
To sum up, mortgage broker affiliated with the bank or other private lenders. They get commissions from bank or leaders. So, you do not need to pay any service cost. It can be a wise decision to take professional advice as it is completely FREE