Buying a house can be complicated in Ireland, but trying to sort out which mortgage is best, what the different rates are, can be like trying to pick your way through a minefield. That's why using a mortgage broker is such a good idea. Whereas previous generations of home buyers were content to simply arrange the mortgage through their banks, today's buyers are different.
With the Internet offering new ways for people to look for deals on everything from home insurance to car loans, mortgage lenders are no longer the ones in control. However, using a mortgage broker is still more advisable than looking for offers by yourself. You can find a free mortgage calculator in Ireland.
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A mortgage broker is a certified professional and someone who has spent years training to become an expert in mortgages. Regulated by the Financial Services Authority (FSA), they have a strict set of guidelines that they must adhere to. This includes the information they give you, and the ethical decisions they make regarding any financial advice they provide to you.
Because they are such experts in their field, a mortgage broker can offer a host of services that you may not have received otherwise. As well as their advice, you can also expect a broker to, find the mortgage that's right for you. Provide a "mortgage calculator" that will help you decide how much you can borrow Explaining the different mortgages.
They can help you arrange the best survey companies to use, close your paperwork, arrange legal fees, and advise pretty much anything connected with a mortgage, a broker can help you with. If you're looking to buy a house soon, speaking to a mortgage broker could save you more than you think, and is well worth the time and cost involved.