Why do you need a Mortgage Advisor?

Are you starting a new chapter in your life? Be it after wedding or after starting a family or for any other reason, buying a house is always an exciting moment. It means the beginning of you next journey of your life, and that is why you should look for that extra special place which you could call your home.

But buying a house could be a difficult affair if you do not stay conscious of the financial paper works that you generally have to go through. Often so, if you are not entirely aware of it, you might get ripped off and have to pay the consequences for every moment that you stay in that house

Help, thankfully is close at hand. You can always get a mortgage advisor who would be able to help you with your decisions, while taking care of the financial angles more specifically. Just like a broker can find the best finance deals and the best companies for you, the mortgage advisor will be able to get you your dream home.

A mortgage advisor will specifically help you in understanding the different mortgage options you have got; he will give you advice on mortgage, repayments, protection and re-financing. Do not worry if you find out that your mortgage advisor has not received more than the basic training. The mortgage advisors are different from the brokers in the fact that they do not require good professional qualifications or training in specialized courses to be a success. They just need to be dexterous in matters of customer relations and service.

They usually start off as customer service representatives in the banks or they initially assume an administrative post in the financial companies. Only when they start taking more serious mortgage issues to advice on do they need specific training. Under the financial Services Authority, the mortgage advisors need to take the courses like the Chartered Insurance Institute (CII) Certificate in Mortgage Advice, or the ifs School of Finance in Mortgage Advice and Practice (CeMAP). They also have to appear for their exams. If they pass them, they become fully trained financial advisors.

You also need to be sure that the help you are receiving form your mortgage advisor is not biased. If you approach a bank to be able to get all the help you need, you will be receiving advice on only the benefits that the bank offers. You will be missing the other side of the coin completely.

This is why it is better to do your research work and find out an unbiased, professional mortgage advisor who can take care of your financial deals when you go out looking for a new house.

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