Mortgage advisors are professionals who act as an intermediary between the clients or the mortgage borrowers and the lenders. The best mortgage advisors collect all the necessary documents from the borrowers and submit the paperwork to the mortgage lenders. Some of the information collected by the advisors prior to sanctioning the mortgage are as follows:
- Collects the statement of income of the borrowers.
- Checks the amount of assets of the borrowers.
- Ensures that the borrowers’ credit score is high enough for availing the mortgage.
- They can also guide their clients to avail the best mortgage as per their requirements and capabilities.
Benefits of hiring an advisor:
- Saves time:
Availing the services of an advisor is considered to be very sensible; the borrowers are guaranteed to contact the best mortgage providers in quick time. Hence, they ensure that the borrowers can buy mortgages from the best lenders.
- Ease of access:
Since the mortgage providers do not make efforts to find customers; so, they rely on the advisors for providing clients to them. Therefore, the advisors have contacts with the best lenders in the market and this allows the borrowers to avail the services very easily.