Ravi Chandran
The benefits outweigh the hassle when you engage mortgage brokers to secure the best home loans
By: Hitesh Khan/
Trying to find the best mortgage for your needs, your circumstances, and your budget can be a difficult and often frustrating task. The wide selection of mortgage products available today means that consumers can enjoy incredible choice, and this choice increases the chances of getting a great value loan.
However, the downside is that you could end up spending hours and hours trawling through the mortgage deals from various companies, and while you are busy trying to interpret the financial jargon that many lenders may throw at you, another buyer could snatch the house of your dreams from under your nose. This is one big reason to engage mortgage brokers.
The other downside to going it alone when looking for a suitable mortgage is the time that it can take. With the pace of life as it is today, many of us barely have time to sit down and enjoy a little quality time as it is. Spending hours glued to your phone, and/or laptops or ringing around various lenders is something that most of us can well do without.
If you go directly from lender to lender to get your mortgage, you will end up having to complete a new application for each lender, which can waste a great deal of time. Additional time will be taken up with browsing and comparing all the different deals with each lender, and then comparing the lenders against one another.
An effective way of getting a mortgage package to suit your needs without having to commit hours of your time to searching and browsing is to engage mortgage brokers.
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When you engage mortgage brokers, you will simply be cutting out all of the time and work involved in finding a mortgage to suit your circumstances — and it won’t cost you a cent to do it. A good mortgage broker service will be able to source a wide range of mortgage deals on your behalf, and will then put forward the ones that offer the best value in terms of interest rates and monthly repayments. All you have to do is complete one simple application form, which saves you the hassle of having to complete a form for each lender in which you are interested.
An established mortgage broker will already have formed links, contacts, and relationships with a wide range of mortgage lenders. He or she will therefore know which lenders may cater for your particular needs. For instance, if you have a poor credit rating and you are looking for an affordable mortgage, the broker will most likely know which lenders offer affordable finance to those with a tarnished credit history and can therefore approach the right lenders straight away.
If you were looking for a bad credit mortgage without the help of a broker, you could end up going through one application after another with a range of unsuitable lenders, and you could end up with a long line of refusals, which could make your credit rating even worse.
It is a great way to get a good value, affordable mortgage that is tailored to meet your needs and circumstances when you engage mortgage brokers. It is also an excellent solution to getting a good mortgage deal without having to put in the hard work and time that you would have to without the assistance of a professional broker.
Mortgage brokers are specialists who are well versed with the banking loan process and have access to hundreds of mortgage and loan packages across many banks. Mortgage brokers help property buyers to get the best home loans and home owners to refinance home loans.
In today’s digital age, technological disruption has brought many changes. People no longer call into hotels to book hotel rooms, instead they go to a hotel-room booking site to choose the best matching hotel room.
People no longer sign-in to a specific airlines website to book tickets, people go to airlines booking sites to find the best and cheapest airline ticket. The same is also gradually coming to dawn on people that rather than going to a specific bank directly, which may or may not give them the best home loan offer at the specific time. Home buyers and owners are going to mortgage brokers who has a purview to all the bank’s packages and can help advice clients accordingly.
How to Secure a Home Loan Quickly
Are you planning to invest in properties but are ensure of funds availability for purchase? Don’t worry because iCompareLoan mortgage broker can set you up on a path that can get you a home loan in a quick and seamless manner. We are the experts who do the work for you for free, while you lean back, rest and rely on our professionalism at absolutely no cost to you.
Our brokers have close links with the best lenders in town and can help you compare Singapore home loans and settle for a package that best suits your home purchase needs. Find out money saving tips here.
Whether you are looking for a new home loan or to refinance, the Mortgage broker can help you get everything right from calculating mortgage repayment, comparing interest rates all through to securing the best home loans in Singapore. And the good thing is that all our services are free of charge. So it’s all worth it to secure a loan through us.
For advice on a new home loan.
For refinancing advice.
