How do mortgage advisors save you money?

Buying your first home (or any property for that matter) is one of life’s biggest, most memorable events. It is often representative of hard work, perseverance, and patience. Unfortunately, it is also one of the most expensive things you’ll commit to doing, perhaps for the longest period of your life, too. You’re going to want to embrace all the ways you could be saving on costs, and sometimes those costs go beyond financial.

A trusted mortgage advisor has the experience and expertise to guide you through the process of buying property in such a way that it saves you time, money, and unnecessary stress.

Securing the best deal

Once your offer to purchase has been accepted, the mission of getting the best loan begins. As an individual, it can be very hard to secure an appointment with a potential mortgage provider. The waiting period for an appointment alone can be anything from seven to 14 days. So you can imagine the challenge when you want to consult with multiple lenders. Property buying is extremely time-sensitive, so you won’t have much time to play around with. 

A mortgage advisor replaces the need for clients to approach lenders directly, and you can secure an appointment a lot quicker, typically within 24 hours. What’s more, the process is in their hands, while you, as the client, will get updates throughout. 

The core role of a mortgage advisor is to find you the most competitive product and favourable terms based on your unique financial position. Key to note here is that independent mortgage advisors are well-placed to access all lenders simultaneously, foregoing the need for multiple, separate appointments.

Furthermore, they are well-versed in fees, rates, products, and lending criteria, therefore are better able to source the most competitive product. Put simply, they know what to look out for.

Full transparency

In all the excitement of an accepted offer to purchase, you could easily lose sight of all the ‘hidden’ costs associated with buying a property. When you’ve got a mortgage advisor on board, you can rest assured that you’ll be aware of every single fee expected from you as the home buyer. This includes legal fees, valuation fees and application fees, among others. 

You’ll also discover that there are so many technical terms and jargon, which could easily overwhelm you – and for that, mortgage advisors are a particularly valuable resource to have.

You can’t put a price on time

Because mortgage advisors have been facilitating home sales professionally for years, they are extremely thorough with the steps and processes involved. Besides the assurance of having all your boxes ticked, their services can save you plenty of time. Home sales are often marred by all kinds of administrative delays, all the while pushing your move date further out. But with mortgage advisors’ relationships and expertise that we’ve mentioned above, they’re often in a good position to expedite certain aspects. 

In addition, there are all those little things that need to get done, like phone calls, emails, follow-ups, etc. It’s those little things that sneakily thieve your time, but they all form part and parcel of mortgage advisory services. Money can be made, saved, or borrowed, but nothing can ever get your time back. And in our opinion, leaving the work in the hands of a capable mortgage advisor is a pretty good way of trying.

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Choice Mortgages have provided me with a fantastic consultative service for over 10 years. I've had absolute peace of mind that everything related to my mortgage, home insurance, life insurance and critical illness insurance has been in hand. Nicki and the team have always given me informed guidance and I've had every confidence in their recommendations and products. A first-class service that I wouldn't hesitate to recommend.

A first-class service that I wouldn't hesitate to recommend.

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