Mortgage Broker Quote
a mortgage broker
Mortgage Repayment Insurance
Freelance Mortgage Broker can arrange your mortgage
Click here for a mortgage quote, help and advice
mortgage brokers at Mortgage Arrangers can use the details you send by
email to search through thousands of different mortgage deals, and
then send the latest detailed quotes back to your computer for
here to send details and request
a mortgage broker to email detailed mortgage quotes
You can phone or email to discuss the quotes with the mortgage broker, ask any questions, and
then have your choice of mortgage arranged for you.
Some other mortgage brokers or financial advisers will charge a fee
for their services. However, the cost saving that the internet provides
means that in quite a number of cases we can finance our costs for the
arranging of your mortgage purely on the introductory
fees paid to us by the various uk lenders. Any cost details will be
outlined to you by your mortgage broker, before you commit to a mortgage application.
Everything can be done by email and post. There is no need to arrange
a face to face visit with a mortgage broker. Most existing customers
contact the mortgage brokers from their
work station or home PC.
Why use a mortgage broker ?
A mortgage broker has a
finger on the pulse of the mortgage market, and can track daily interest
rate changes and mortgage product developments.
A mortgage broker can
represent you at lender mortgage application level, ironing out the
creases and making sure any potential mistakes in your mortgage
application are minimised or dealt with at the very start.
With hundreds of
mortgage products on offer, a mortgage broker can sift through them and
filter out the ones that do not fit your own stated requirements, using
computer software specially designed for the task.
A mortgage broker is
bound by the rules set down by the Financial Conduct Authority and his
own legal compliance requirements.
If you use a mortgage
broker, he or she will keep copies of everything so that when you need
to do it all again, your records are at hand and the process is made
It is often the case
that a mortgage broker can spot a potential negative response from a
mortgage lender simply by studying your details and can reconfigure your
application, removing errors and incorrect responses to ambiguous
questions posed on the mortgage application form.
News By: MortgageDaily.com
Mortgage broker news articles
Mortgage Brokers V Loan Brokers
Mortgage Brokers and Secured Loan Brokers enjoy a distant relationship
at best. The two areas of finance do not have much in common apart from
the clients needs. Mortgage Brokers generally have a higher regard to
for the customers financial situation where most Secured Loan brokers
are looking for insurance sales, high payouts and commissions.
The Secured Loans industry has been very lucrative. It has spurned many
off shoots like online lead trading in real time; introducing web sites
run by programmers who can play the natural web listing game or pay per
click. Some leads are traded as high as £240 each. Call centers in India
purchase life style questionnaire data and churn to resell as legitimate
It seems the days are numbered for the Secured Loan broker. The best of
the bunch like liquidloans.co.uk are transforming themselves into
packagers leaving the advice to the mortgage brokers. The commission to
the mortgage broker is yet to find a market level. However. the main
concern to the mortgage broker should be customer service and completion
rates. There are not that many secured lenders but the criteria for each
Secured loans business at the start of 2006 was not vital to mortgage
brokers. Now it is an entirely different story. In 2006, secured loans
went through something of an alteration in the wider mortgage arena from
a 'specialist' product on the edge of the mainstream market, to one that
is fast becoming part of every mortgage adviser's armory when providing
best advice to their clients. This trend is set to speed up throughout
A frequent hurdle that advisers need to overcome on behalf of clients
needing finance is the actual cost of re-mortgaging. This can
particularly bite home if the existing first mortgage is at a good fixed
rate or carries early repayment charges. The secured loan market itself
is developing and evolving so that brokers have more loans to choose
from, available for an increasing number of uses and at rates that are
Pros & Cons Of Working Directly With A Mortgage
When investigating real estate financing, the average consumer does not
have the time, experience or resources necessary to adequately evaluate
the plethora of loan programs that exist. For this reason, the majority
of buyers seek the assistance of a mortgage broker. The role of the
broker is to act as liaison between the borrower and multiple lenders,
and to present the features of the available loans. However, a small
percentage of borrowers choose to do the leg work themselves, rather
than rely on a broker, and they face some different challenges.
Benefits - Some of the benefits of working with a broker include
simplicity and efficiency of communications, an educated and experienced
assistant, an independent opinion, access to various lenders and loan
programs that would otherwise be overlooked, and consolidation of
information for easy comparison. Those borrowers who choose to work
directly with a lender will usually experience faster approval, less
complicated decisions, a representative with more intimate knowledge of
available programs, and lower closing costs.
The Downside - Apart from the varying benefits of these two options are
their potential downsides when compared to each other. When a borrower
enlists the services of an independent loan broker, there will be higher
closing costs, potentially higher interest rates, and a more lengthy and
involved process both before and after a loan application is even
submitted. Those buyers who work with a single mortgage lender must
understand that they are sacrificing the opportunity to compare loan
programs from other companies, they may not be receiving completely
unbiased information, and they may not have constant interaction with
the same representative throughout the process.
There is no right or wrong choice when beginning the search for real
estate financing. The most important consideration is the trust and
comfort level of the borrower, and each aspect of the real estate
lending process should be carefully and thoroughly evaluated prior to
making any final decisions or commitments.
Author: CL Heahl