What is the role of a broker in the mortgage - Today, our people are reluctant to trust middlemen . This is not only the fact that our people want to do something on their own, but the fact that we do not want to overpay. But this trend has the ability to change as the number of committed with the participation of the mortgage broker has increased. In this article we try to understand who these intermediaries and whether it makes sense to refer to them for help in arranging a mortgage loan .
Suppose you decided to purchase an apartment on credit , but the banks to which you had to turn, refused to issue you a mortgage. The reason for that was called - it your income to the level of lending. However , one of the banks still gives you a credit equal to 100 thousand dollars at an interest rate of 18 % per annum in foreign currency. You have decided to seek help from a mortgage broker in order to find a more favorable credit conditions . And the mediator did it - in one of the small banks was found on the mortgage program , designed for 20 years with an interest rate of 14.5 % per year. Broker for services you have paid 1% of the issued loan that will save you a 3.5 % rate on the loan in the long term .
Questions you should ask your mortgage broker or specialist
So now proceed to analyze the benefits of mortgage brokers :
- The broker increases the chances of getting a loan. - The broker as a result of earnings estimates customer selects credit program brings information on the requirements for the loan program to the client , as well as calculates payments and related payments on the mortgage. - Solve organizational issues regarding the loan , accelerates the process of obtaining a loan , accompanies him and optimally reduces costs. - Consults on scientific funds : state aid and other subsidies . In this paper, considerable attention should be paid not only to the experience of the broker in this area , but also for the organization , where the broker is running. If this organization has established itself in the market of real estate and mortgage broker differs professional acumen , then ask for help in this company without delay . Needless decision about : whether or not to refer to the appropriate specialist for you, but if you do not want to spend time and money to pay for the mortgage , then the decision will be in favor of a mortgage broker , because everything that you need to do , make for you by your broker .