When you want a mortgage, you get advice, arm yourself with a wealth of information, and can choose the best lender and mortgage product for you.
There are thousands of different mortgage products available at any given time. You can also get the best mortgage advice through the web.
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Keep in mind that this does not have to be completely impartial advice as it may be in our best interest to refer you to one of their products even if the advice service appears to be separate from the main loan function.
It may also be surprising to learn that not all lender's products have to be mentioned as many of them are only offered through a network of accredited 'importers'.
Some companies advertise mortgage details online with their websites and you can browse them to check their terms and rates.
The terms you now know are important to your decision, but may not be immediately apparent from the proposed lender's promotional materials. After all, most people don't know what is appropriate and what to look for.
If you're paying for a service, you might think it's best to hire a consultant or agency to track the data for you. In this context, we are not talking about advisors assigned by creditors.
Independent Mortgage Advisor
Independent Mortgage Advisors are not currently regulated, but most support the Mortgage Code. It sets out specific behaviors and suggestions to follow. Many lenders will only accept established businesses from those on the Mortgage Brokers List.