Independent Mortgage Brokers

What is an independent mortgage broker:

A mortgage broker or mortgage advisor is a financial professional who advises their clients on the mortgage application process. Mortgage advisors offer their clients a valuable service as they are able to leverage on their years of industry experience in order to ensure their client’s interests are protected. Independent mortgage advisors operate independently of a financial institution, allowing them to offer unbiased advice to ensure their clients are receiving the best possible products. Given the fact that new lenders and products are constantly entering the market, the lending landscape is ever-changing. With this in mind, the lending market can be a challenging market to navigate. An independent mortgage broker can provide you with the necessary guidance to ensure that you are well equipped to navigate the complexities of this evolving landscape.

Why Choose an Independent Mortgage Broker?

Independent mortgage brokers, unlike banks, are able to provide unbiased advice to their clients. In addition to this, mortgage brokers are able to present their clients with a wider range of products from a wide range of lenders, ensuring that their clients have full sight of their options prior to making any important decisions.
  • Independence: Independent mortgage brokers are able to operate with their client’s best interests at heart, without any sway from parent institutions to endorse specific products or lenders.
  • Lender Network : Independent mortgage brokers have a vast network of banks and other financial institutions which they can leverage in order to ensure that their clients are presented with the best financing options for their specific requirements. By maintaining these lender relationships, brokers can ensure a smooth and efficient market search.
  • Service: Given that most independent mortgage brokers work directly with their clients, they are able to offer a level of service that may not be achieved at a bank or financial institution. Brokers are able to manage their clients needs in an adaptable way, ensuring they can provide their clients with tailored solutions.

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The Application Process:

Given the complexity of the mortgage landscape, it can be a daunting task to begin the mortgage application process. The application process can be broken down into a series of steps:

1. Consulting Your Mortgage Broker:

The first step is to consult your broker, who will evaluate your mortgage requirements in order to find the right product.

2. Finding a Product:

Your independent mortgage broker will locate the product that is best suited to your lending requirements.

3. Mortgage Application:

Mortgage brokers will assist you throughout the application process to ensure that there are no hiccups.

4. Release of Funds:

Once all the conditions have been met and the underwriting process has finished, the lender will release the funds marking completion of the facility.

An independent mortgage broker can offer an important service to their clients. It is important to consider the services they can offer prior to engaging directly with a lender.