Myths Related to Mortgage Advisors Busted

There are common myths related to hiring mortgage advisors. And, we are going to clarify these doubts once and for all! Let us begin.

 

Myth – Advisors recommend the highest commission loan

 

A lot of people believe that mortgage brokers will always recommend the highest commission because their own commission is based on that. That is a myth! Actually, mortgage advisors in York have a duty of care to their clients. And, they are dedicated and focused on finding the best deal possible for their clients. They do not care about their personal profit.

 

Myth – Cost-free service has hidden costs.

 

Well, that is basically confusion that has turned into a myth! Not all mortgage brokers provide totally cost-free service; they do have hidden costs! It is the responsibility of people to be very straightforward while investigating all such policies related to services offered by the advisor or the broker. If the mortgage advisor in York or the broker mentions, 'no hidden costs,' that means there is no extra or hidden cost! If they have a little star (*) that is basically a sign of conditions apply, then you should proceed only after reading all the policy or documents.

 

Myth – All mortgage brokers are the same

 

If you have had a bad experience that does not mean all mortgage brokers are the same! York mortgage advisors take pride in their work and provide the best deal solutions to their clients.

 

Myth – Big banks are the safest option than mortgage advisors

 

Well, actually, it's ultimately a personal choice! But the reason behind why people believe so is because people usually have a long-standing relationship with their bank of choice. As far as Selby mortgage brokers and advisors are concerned, they can offer the same products as the major banks plus additional options from lending institutions not otherwise available to the general public.

 

 

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