Is Your Mortgage Consultant the Right One For You?
Fanciful titles, wide exposure in the media and etc. Are these important factors when choosing your mortgage consultant, broker or advisor?
Titles
No need to look for an advisor with a fanciful title. However, his or her title should indicate that they are the one for the job. No use looking for a “Mortgage Underwriter” when what you need is something like a “Mortgage broker” or a “Mortgage Consultant”.
Behavior
Look at how your advisor conducts himself. You do not want a consultant who keeps downplaying other firms or advisors. It is a strange behavior for a professional to have this type of conduct. Is the advisor trying to hide something about himself while shifting your focus on the inadequacies of others? I will be careful if I am dealing with these types of people.
Service
Look, you are trying to get a housing loan for your house. What you need is a mortgage consultant to advise you on the rates. You do not want a consultant to come over to you and force down some mortgage down your throat. A good service allows you to digest the information and make a good decision. A good service does not mean that he or she makes the decision for you or tries to force some thinking into your mind. If you feel uncomfortable with his services, feel free to look for another.
Experience
This is a lot harder. How are you really going to know if your mortgage consultant is experienced a not? Are you going to look at his age, looks, or certifications? A good consultant will be one that is referred to by your friends and those around you. They would have used his or her service and must be satisfied with it before recommending to you.
Popularity
Now this requires some serious thinking on your part. Are you going to choose your advisor based on his or her popularity? Are you going to choose her because she is always appearing on the television programs? In the U.S.A, there are many scammers who frequently appear on television programs. They often promise extremely high returns to those who invest in their programs and buy their products. They can range from buying into limited partnerships to learning short term trading techniques that promise “out of the sky” returns. These so called gurus have a large number of followers and fans. That makes it even harder for you to make a decision. Talk to a few people who can provide you clear and logical opinions about this.
There are many things to take note of, when choosing your mortgage advisor. Choosing the right one is certainly going to be a pleasant and financially rewarding experience for you in the long run.
Zeng Han Jun is the Business Financial Manager of Chan & Partners Consulting Group. He actively contributes articles about business and finance on a weekly basis, so as to share his knowledge with the financial consumers. He specializes in mortgage advisory and business brokering services in Singapore. He has been directly involved and plays a crucial role in marketing and sales of businesses in CPCG. He also provides advice on various kinds of mortgages and construction financing for private individuals.