A mortgage advisor braintree is a professional who acts as an agent who brokers mortgage loans for people or companies. This person is also known as the mortgage banker or mortgage consultant. He offers information on different mortgages and the lenders who offer them. Mortgage advisors are in charge of finding the right lender for any client.
There are several types of mortgage advisors to choose from. They include banks, insurance companies, brokerage houses, independent financial planners, mortgage brokers, and government institutions. They offer their services via the Internet, by telephone, or by regular mail. Mortgage advisors can also be faxed or telephoned to provide mortgage advice.
Banks usually hire mortgage advisors when they are processing a first-time home loan application. When a borrower applies for a mortgage, it is the first-time applicant who is responsible for doing research and calculation to find out the price he will have to pay for a property. The financial advice offered by a mortgage advisor gives borrowers guidance on the loan program that suits his or her needs. First-time home buyers usually feel overwhelmed by the magnitude of the task before them. For this reason, their advisor often provides free financial advice and suggestions about how to handle the home buying process.
Mortgage advisors employed by estate agencies or real estate firms are another source of mortgage advice. Real estate agencies commonly help buyers with buying a house or finding a property by matching them with suitable lenders. Property owners usually have a large number of lenders to choose from, so it is important to get unbiased advice. Estate agents have a wide network of suitable lenders and can give their clients more information than the homeowner can get from a bank or other lenders.
Mortgage advisors can also be contacted by online mortgage lenders and brokers. Online lenders and brokers allow their customers to place online requests for mortgage advice. The mortgage adviser contact these customers using emails or fax messages. The mortgage advisor then contacts the appropriate lender based on the information the customer has provided in the online mortgage request form. Some online mortgage lenders and brokers to provide their customers with mortgage calculators to make the loan process easier and more convenient.
Mortgage advisors are a great source of information because they are aware of the latest trends in the mortgage market and the current state of play of the different lenders and mortgage brokers. This helps them to offer informed advice to their customers. However, they cannot give out specific advice. It is up to the customer to examine the current trends and the condition of the market before making any decision.