It is time to remortgage your home; should you use a broker or should
you go it by yourself? Most people will tell you that using a mortgage
broker is a waste of money that you can use for something else. But the
truth is that when it comes to remortgaging to save money, you are
always much better off using a broker than trying to do it yourself.
Here is why:
• You are protected. Most people don’t know this but a mortgage
broker has an obligation to make sure that you get the best mortgage
rates. If they give you a wrong deal then you can complain and get a
refund. If you go straight to a lender without taking advice and you get a poor deal, you have
no recourse.
• Mortgage brokers are trained to give mortgage advice. Getting a
remortgage is more than just finding the lowest interest rates. There is
much more that goes into it and a mortgage broker knows all the
details.
• The broker is on your side unlike the lender who would like to
make money off you. This is another thing that many people don’t know –
the broker is never on the lender’s side at all. It is in their best
interest to get you the best deal available.
• They know what is happening in the industry at any one time. We
may think that we know what is happening in the housing market because
we read papers and watch the news but that isn't always the case. There
is a wealth of information that a broker knows that could lead you to a
better remortgage. They could, for instance, know what the rates are
going to look like one month from now and how it will affect your deal.
• Mortgage brokers often give more than just mortgage advice. They
will look at your life insurance and other insurance that you have and
tell you how it will affect your mortgage.
• You should not worry so much about a mortgage broker’s fee. You
pay them once and they can save you from losing a lot of money in the
future or making bad decisions.
One of the best mortgage brokers in the UK is Mortgage Advice Services.
They have the best advisors to help you remortgage to save money. They
will get you the deal that you are looking for because they are familiar
with so many lenders. You can find out more by calling them on 01332
257 087 or visiting their website,
http://www.mortgageadviceservices.co.uk/remortgage.htm.Labels: benefits of re-mortgaging, fixed rate mortgages, re-mortgage rates, re-mortgaging, re-mortgaging fees
