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Why you should use a Braintree mortgage broker

One of the most stressful things when you’re searching for a home in Braintree is going to the Open Homes. It can be very frustrating, but not as frustrating as searching for finance. If you are looking for a mortgage then you’re actually best to use a Mortgage advisor in Braintree.

Lower interest rates

The chances are that when you were growing up you heard your parents talking about interest rates and it bored you senseless. Now that you’re an adult, you’ve turned into them and you are also worried about interest rates. When you work with a Braintree based mortgage broker, they have access to rates that aren’t publicly accessible. For those of you who aren’t familiar with that term, it basically means that because they’re processing several loans every week they have access to better interest rates. These interest rates are generally unadvertised and often mean that the cost of financing your property will be lower than if you were to contact a lender directly. If you contract Braintree Mortgage Advice Centre you will save money; and those savings could be used towards your deposit or towards buying the things you want, rather than interest repayments.

Mortgage Advice Centre Braintree can Access more lenders

If you’re in a position where you can purchase a property then you must have a stable income and that means you are probably busy at work; or with family and friends. That makes it difficult to conduct research into the best value lenders in the marketplace. When you use a mortgage broker in Braintree, you are opening yourself up to more lenders than if you were to search for a loan yourself. Most borrowers will only research 3-4 lenders. Typically these will be banks, rather than building societies and smaller mortgage lenders. When you employ the services of a mortgage broker, they can suggest lenders that you may not have even thought of. Again, you’ll save yourself time and money, which will take the stress out of buying a property.

 

Expert advice

If you’re searching for a lender yourself it’s possible that you’ll only analyse the cost of taking out the finance. You may not consider the other benefits or drawbacks of choosing a particular lender. It is the job of a mortgage broker to explain these to you. They can analyse the fine print and dissect it into bite-sized chunks that are easy to understand. You’ll have the knowledge you require to make better decisions and will end up with a better deal than if you looked for a mortgage yourself.

 

Negotiation power

As much as we’d all like to think the banks and other lenders care about us, the reality is that because we’re “the little guy”, we don’t have much negotiating power. Mortgage brokers have more negotiation power given the volume of loans they write with each lender. it’s harder for you to negotiate it, whereas a mortgage broker has the ability to do so. They can negotiate because the bank has more to lose by not doing so, and they can gain more business when they treat their regular clients (the broker) well.

So there you have it. Here are just some of the top reasons why you should use a mortgage broker or mortgage advisor in Braintree. You’ll find yourself saving time, money and hassle dealing with lenders, when you can employ the services of a broker to make it as easy as possible.

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